Machine learning (ML) has a well-established reputation for successfully enabling automation through its scalable predictive power. Industry 4.0 encapsulates a new stage of industrial processes and value chains driven by smart connection and automation. Large-scale problems within these industrial settings are a prime example of an environment that can benefit from ML. However, a clear view of how ML currently intersects with industry 4.0 is difficult to grasp without reading an infeasible number of papers. This systematic review strives to provide such a view by gathering a collection of 45,783 relevant papers from Scopus and Web of Science and analysing it with BERTopic. We analyse the key topics to understand what industry applications receive the most attention and which ML methods are used the most. Moreover, we manually reviewed 17 white papers of consulting firms to compare the academic landscape to an industry perspective. We found that security and predictive maintenance were the most common topics, CNNs were the most used ML method and industry companies, at the moment, generally focus more on enabling successful adoption rather than building better ML models. The academic topics are meaningful and relevant but technology focused on making ML adoption easier deserves more attention.
Keywords: deep learning; industry 4.0; machine learning; systematic review; topic modelling.