The document discusses Industry 4.0, highlighting its impact on manufacturing through advanced technologies like IoT, big data, and simulations, which facilitate smarter product design and production processes. Simware Solutions' platform addresses new requirements for modeling and simulation (M&S) in this transformative era, emphasizing interoperability and the necessity to integrate simulations across virtual supply chains. The Internet of Simulations (IoS) concept is introduced as a means to enhance the collaboration, design, and maintenance of smart products using cloud-based solutions and service-oriented architectures.