Digital methods and tools for chemical equipment and plants

2019 ◽  
Vol 4 (9) ◽  
pp. 1522-1529 ◽  
Author(s):  
Norbert Kockmann
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Chemical Equipment ◽  
Process Industry ◽  
The Internet ◽  
Digital Methods ◽  
The Internet Of Things ◽  
And Training

The Internet of Things (IoT), Industry 4.0, and the digitalization of business processes offer new opportunities and business models for the process industry, including education and training.

The Future of Modern Jobs

2020 ◽  
pp. 124-149
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Business Models ◽  
The Internet ◽  
Learning Journey ◽  
New Business ◽  
To Come ◽  
The Internet Of Things ◽  
New Business Models

Throughout this book, the authors have discussed the implications of the rise of artificial intelligence, Industry 4.0, the internet of things, and new business models that do not have any known precedents. While discussing the skills needed to survive in the modern economy, they have yet to address the issue of what will become of our jobs. Will our children dream of the same jobs we dreamed once before? Will they require the same studies we had to follow to reach our actual positions? Will our jobs still exist by the time we reach the pension, or will we need to reinvent everything that we know of? The authors do not have an answer to these questions; what they can do is only make educated guesses about what is about to come and be ready for it. In this last chapter, the authors see what experts think our future will look like and give their educated opinion in what to invest in our lifelong learning journey to be on top of this unprecedented disruption of the economy.

scholarly journals IoT applied to work safety in industry 4.0 at the amazonas industrial pole

2020 ◽  
pp. 36426-36430
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Business Models ◽  
New Technologies ◽  
The Internet ◽  
Work Safety ◽  
Bibliographic Search ◽  
Smart Technologies ◽  
Production Decision ◽  
The Internet Of Things

The study aims to find out factors The Internet of Things (IoT) approach - is a technology that is reconfiguring the sectors of activity, changing the definitions of how objects are connected to each other, today it is being applied in companies and industries, transforming the scenario how companies compete, changing the business models, structure and process of organizations. The following article aims to conceptualize IoT, work safety, industry 4.0 and analyze how these applications are implemented in companies in the industrial pole of Amazonas. We sought to understand and identify through the concepts the challenges and impacts on companies and industries. With the advancement of new technologies, the Internet of Things has been transforming and changing showing that companies are investing in different smart technologies, that is, IoT has become one of the pillars of industry 4.0, bringing modernity, security and optimization of the manufacturing of industries as quick data analysis, production decision making and cost reduction. At the end of the elaboration of this work, it was observed that the chosen theme is of great importance mainly in the transition of new technologies, security and information. A bibliographic search was made, with references and information able to form a more comprehensive analysis on the topic.

How Industry 4.0 Can Benefit From Semantic Web Technologies and Artefacts

2021 ◽  
Vol 13 (4) ◽  
pp. 64-74
Author(s):  
Leila Zemmouchi-Ghomari
Keyword(s):  
Cloud Computing ◽  
Internet Of Things ◽  
Semantic Web ◽  
Industry 4.0 ◽  
The Internet ◽  
Time Data ◽  
Semantic Web Technologies ◽  
Web Technologies ◽  
Real Time Data ◽  
The Internet Of Things

Industry 4.0 is a technology-driven manufacturing process that heavily relies on technologies, such as the internet of things (IoT), cloud computing, web services, and big real-time data. Industry 4.0 has significant potential if the challenges currently being faced by introducing these technologies are effectively addressed. Some of these challenges consist of deficiencies in terms of interoperability and standardization. Semantic Web technologies can provide useful solutions for several problems in this new industrial era, such as systems integration and consistency checks of data processing and equipment assemblies and connections. This paper discusses what contribution the Semantic Web can make to Industry 4.0.

The future of the Internet of Things: toward heterarchical ecosystems and service business models

2018 ◽  
Vol 33 (6) ◽  
pp. 749-767 ◽  
Author(s):  
Seppo Leminen ◽  
Mervi Rajahonka ◽  
Mika Westerlund ◽  
Robert Wendelin
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Value Chain ◽  
Large Scale ◽  
Business Models ◽  
The Internet ◽  
Content Type ◽  
Industry Collaboration ◽  
New Business ◽  
The Internet Of Things

Purpose This study aims to understand their emergence and types of business models in the Internet of Things (IoT) ecosystems. Design/methodology/approach The paper builds upon a systematic literature review of IoT ecosystems and business models to construct a conceptual framework on IoT business models, and uses qualitative research methods to analyze seven industry cases. Findings The study identifies four types of IoT business models: value chain efficiency, industry collaboration, horizontal market and platform. Moreover, it discusses three evolutionary paths of new business model emergence: opening up the ecosystem for industry collaboration, replicating the solution in multiple services and return to closed ecosystem as technology matures. Research limitations/implications Identifying business models in rapidly evolving fields such as the IoT based on a small number of case studies may result in biased findings compared to large-scale surveys and globally distributed samples. However, it provides more thorough interpretations. Practical implications The study provides a framework for analyzing the types and emergence of IoT business models, and forwards the concept of “value design” as an ecosystem business model. Originality/value This paper identifies four archetypical IoT business models based on a novel framework that is independent of any specific industry, and argues that IoT business models follow an evolutionary path from closed to open, and reversely to closed ecosystems, and the value created in the networks of organizations and things will be shareable value rather than exchange value.

scholarly journals IR4.0: unmanned store apps

2020 ◽  
Vol 17 (3) ◽  
pp. 1540
Author(s):  
Saidatul Rahah Hamidi ◽  
Muhammad Afiq Muhamad Yusof ◽  
Shuhaida Mohamed Shuhidan ◽  
Shamsiah Abd Kadir
Keyword(s):  
Internet Of Things ◽  
Comparative Study ◽  
Industry 4.0 ◽  
Technology Innovation ◽  
Digital Transformation ◽  
Strategic Marketing ◽  
Retail Industry ◽  
The Internet ◽  
The Comparative Study ◽  
The Internet Of Things

<span>The Internet of Things (IoT) is predicted to be one of the major megatrends in technology that applies worldwide including in Malaysia. Current advantages and expectations of using a connected device has become a reason to use applications in many areas, including the field of retail industry. The evolvement of technology has changed the retail landscape that replaces the manpower in their operations to improve the efficiency, quality and work ethics. Hence, this paper discussed comparative study of technology innovation applied and process flow in unmanned store from different country. Next, prototype of unmanned store apps was designed according to the most preferred technology based on the comparative study. IoT retailer model can be used to improve the retail experience for the customers. Thus, it may perform strategic marketing and gain retail intelligence. Besides, the revolution of using technology in this retail industry is contributing towards Industry 4.0 through digital transformation.</span>

scholarly journals Designing Business Models for the Internet of Things

2014 ◽  
Vol 4 (7) ◽  
pp. 5-14 ◽  
Author(s):  
Mika Westerlund ◽  
Seppo Leminen ◽  
Mervi Rajahonka
Keyword(s):  
Internet Of Things ◽  
Business Models ◽  
The Internet ◽  
The Internet Of Things
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