What is Smart Analytics

Advancements in technology, especially ICTs, has caused a revolutionary change in every aspect of life. The reflection of these advancements on manufacturing industry is named “The Industrial Internet,” or “Industry 4.0.” New generation factories are to be equipped with cyber-physical systems. Teams integrating physical industrial components, and advanced modern sensing and networking technologies to form new smart systems. These systems will have more capabilities than the systems which are already in use. These winds of change will also affect projects and project management. Clearly, success in agile project management will become more crucial. At this point, technologies enabling Industry 4.0 will help project managers. Project organizations have the flexibility to get adapted to new situations fast. In this chapter, benefits of the technologies enabling Industry 4.0 in project management are introduced.