When we ask what-if questions, we create doubt. Confusion and fear are created by doubt. Confused, doubtful, and afraid, no one can function correctly. Whenever we are worried, we procrastinate, which prevents us from accomplishing our goals.

The world of industrial automation is rapidly advancing, and Industry 4.0 is the latest buzzword in the manufacturing sector. But what is Industry 4.0, and why is it relevant?

Agent-based modeling (ABM) is a powerful tool for simulating complex systems and understanding the behavior of their components. In essence, it is a computer-based model of a system composed of autonomous agents that interact with each other and with their environment. ABM is used in a wide variety of disciplines, including economics, sociology, ecology, and engineering.