Artificial intelligence (AI) is changing many areas of technology in the public and private spheres, including the economy. This report reviews issues related to machine modelling and simulations concerning further development of mechanical devices and their control systems as part of novel projects under the Industry 4.0 paradigm. The challenges faced by the industry have generated novel technologies used in the construction of dynamic, intelligent, flexible and open applications, capable of working in real time environments. Thus, in an Industry 4.0 environment, the data generated by sensor networks requires AI/CI to apply close-to-real-time data analysis techniques. In this way industry can face both fresh opportunities and challenges, including predictive analysis using computer tools capable of detecting patterns in the data based on the same rules that can be used to formulate the prediction.