“…According to Rüßmann et al (2015), there are nine technology advances, which are the backbone of I4.0: big data and analytics, autonomous robots, simulation, horizontal and vertical system integration, the industrial internet of things, cybersecurity, cloud, additive manufacturing three-dimensional and augmented reality. Szalavetz (2016) quoting other authors underlines that the definition of I4.0 cannot be restricted to the aspects of technological novelties (Agarwal and Brem, 2015;Bharadwaj et al, 2013;Erol et al, 2016;Kagermann et al, 2013), as the real potential of Industry 4.0 is better captured when accounting for changes in organisational and business models (Szalavetz, 2016). According to Monostoria (2014), I4.0 implies that products can be manufactured in smart factories, where the CPS are implemented.…”