scholarly journals Start-Ups as One of the Elements Triggering the Development of Industry 4.0

2019 ◽  
Vol 297 ◽  
pp. 08002 ◽  
Author(s):  
Ryszard Pukala

The study analyses the significance of start-ups in the contemporary economy in the light of the industrial revolution – Industry 4.0. It presents the essence of the fourth industrial revolution and its main components that are aimed at creating intelligent value chains on the basis of dynamic, self-organising and self-optimising sociotechnical systems. Modern information and communication technologies that are increasingly integrated with production processes are used to this end. In this aspect, new digital client access channels are of key significance, as they allow departing from the traditional “push” model (pushing products into the market) and moving towards the “pull” model (production on demand). Start-ups play an important role as regards these relationships, since they operate in an ecosystem tailored to their needs and, as a result, they become more important in creating digital business models. These models, in turn, enable them to gain competitive advantage under volatile market conditions. Competition is an immanent feature of start-ups: operating under in an environment marked by high risk forces them to accept challenges that lead them to achieving market success and stable long-term development. The results of conducted analyses indicate that competition, treated as the main hazard for the operation and development of start-ups, depends on the developmental status of such enterprises and their market lifespan.

Author(s):  
Mehmet Eymen Eryılmaz

Many people will agree on the idea that entrepreneurship is one of the most important business concepts in recent days. In addition, it is said that we are experiencing the fourth industrial revolution (or Industry 4.0). Information and communication technologies are one of the key elements of this period. Therefore, some information about these two components, “entrepreneurship” and “information and communication technologies”, are given and the possible and strong relationships between them are discussed in this study.


Author(s):  
Qaisar Iqbal ◽  
Noor Hazlina Ahmad

Small and medium enterprises (SMEs) play a vital role in the development of any economy. The disruptive technologies of the fourth industrial revolution have ignited the flexibility and dynamic nature of the market. Industry 4.0 requires firms to deliver highly customized and high-quality products at low price and on time. However, the SMEs sector is not performing up to the standard, which is quite disturbing in the current economic situation of the country. This chapter has elaborated the application of advanced information and communication technologies of Industry 4.0 in the context of SMEs. Based on the requirements of Industry 4.0, this chapter has also explored the challenges faced by SMEs in Pakistan. The SMEs in Pakistan are presently coping the challenges such as limited access to finance, the undue compliance and excessive paperwork imposed by regulators, lacking mechanism of talent management, lacking skilled workforce, absence of networking and collaboration, mismanagement of raw material, and insufficient infrastructure.


2020 ◽  
Author(s):  
Ben Mkalama ◽  
Bitange Ndemo

As the fourth industrial revolutions technologies intensify, cities are becoming smarter, new business models are emerging and informal enterprises are formalizing by default. Research demonstrates that the future of our world is decided by the quality of its future cities. As cities invest in information and communication technologies (ICTs) and embrace the Fourth Industrial Revolution (4IR) technologies to make life easier and solve many of the problems we face today, employment opportunities expand and citizens enjoy better lifestyle. This chapter will examine how the concept of smart cities is disrupting existing business models and creating new ones that have positively impacting Africa’s informal enterprise sector. The chapter leverages abundance theory to explain the emerging phenomenon in the nexus between smart cities, new business models and informal enterprises in Sub-Saharan Africa. The study finds that indeed the concept of smart cities is indeed facilitating new business models that are formalizing the informal sector.


Author(s):  
Qaisar Iqbal ◽  
Noor Hazlina Ahmad

Small and medium enterprises (SMEs) play a vital role in the development of any economy. The disruptive technologies of the fourth industrial revolution have ignited the flexibility and dynamic nature of the market. Industry 4.0 requires firms to deliver highly customized and high-quality products at low price and on time. However, the SMEs sector is not performing up to the standard, which is quite disturbing in the current economic situation of the country. This chapter has elaborated the application of advanced information and communication technologies of Industry 4.0 in the context of SMEs. Based on the requirements of Industry 4.0, this chapter has also explored the challenges faced by SMEs in Pakistan. The SMEs in Pakistan are presently coping the challenges such as limited access to finance, the undue compliance and excessive paperwork imposed by regulators, lacking mechanism of talent management, lacking skilled workforce, absence of networking and collaboration, mismanagement of raw material, and insufficient infrastructure.


Author(s):  
Benjamin-Julia Guérineau ◽  
Kousay Samir ◽  
Marvin Richrath ◽  
Kristin Paetzold ◽  
Joaquin Montero

AbstractThe dawn of the fourth industrial revolution, mostly known through the German initiative “Industrie 4.0”, builds on a set of technologies emerging from software and information and communication technologies (ICT); paired with the growth of the Internet-of-Things (IoT), the so-called “smart products” are expanding on the market. These smart products integrate data collection and processing capacities. Additionally, the collected data have their own lifecycle, and can be classified as sensitive data. In that sense, companies developing hardware products may need support to step in “smart products” development. Digital transformation strategy is a possible overall support for companies. However, regarding smart product development and IoT data management, no studies to date have addressed formalized guidelines to support companies. This article proposes a set of guidelines focusing on IoT data management to support hardware companies in their transformation towards smart products. The proposed guidelines are exemplified on a fitness industry case which is using wearable devices collecting body metrics, considered as sensitive data.


2018 ◽  
Vol 9 (1) ◽  
pp. 18-23 ◽  
Author(s):  
Bibiana Bukova ◽  
Eva Brumercikova ◽  
Lenka Cerna ◽  
Pawel Drozdziel

Abstract Optimisation and stimulation of production, digital business, the fourth industrial revolution - this is how the current global economy is perceived. Continuous development of new information and communication technologies, economic globalisation, integration of financial markets, growing pressure on boosting higher added value, just as well as the ever- increasing differentiation of demand schemes became a challenge for the global economy. The article elaborates on the implementation of Industry 4.0 in the logistics, logistic chains as well as use of the Industry 4.0 in logistics. The article includes a new definition of logistics due to the Industry 4.0, which extends the basic production factors by a new term - „information“.


2020 ◽  
Vol 69 (2) ◽  
pp. 99-117
Author(s):  
Éva Kiss ◽  
Erzsébet Nedelka

In the short history of Hungarian industry there were relevant changes several times, which had a great impact not only on industrial production and employment, but also on the spatial pattern of industry. After the regime change and latest economic crisis Industry 4.0 or/and the fourth industrial revolution mean(s) newer challenge. Due to information and communication technologies (ICT), which can be considered the basis of Industry 4.0 radical changes can be expected in all fields of life and numerous questions will emerge. The primary aim of this paper is to reveal the geography of older and newer information and communication technologies and their relationship with the spatial pattern of Hungarian industry. The main question is whether the digital divide follows the industrial divide in the Hungarian economic space or not. According to the analysis based on different ICT and industrial indicators, there is no close correlation between the digital and industrial spaces. The geography of Industry 4.0 is characterised by a sharp north-south division.


Author(s):  
Mehmet Eymen Eryılmaz

Many people will agree on the idea that entrepreneurship is one of the most important business concepts in recent days. In addition, it is said that we are experiencing the fourth industrial revolution (or Industry 4.0). Information and communication technologies are one of the key elements of this period. Therefore, some information about these two components, entrepreneurship and information and communication technologies, are given, and the possible and strong relationships between them are discussed in this chapter.


2018 ◽  
Vol 919 ◽  
pp. 307-314 ◽  
Author(s):  
Elke Glistau ◽  
Norge Isaias Coello Machado

Industry 4.0 and Logistics 4.0 are highly modern terms. They are connected with the common trend of digitalization, virtualization and networking of data and information. Typical is the implementation of new information and communication technologies into production and logistics practice. This will change the working conditions, processes as well as business models. “Industry 4.0” is the synonym for the 4-th industrial revolution in a general understanding. The term “Industry 4.0” was first used in a high-tech-strategy project of the German government in 2011 at the Hannover Fair. (Compare [1,2]) The paper describes the terms Industry 4.0 and Logistics 4.0 as two of the most important trends in production and logistics. It characterizes the big chances of this development. The paper gives an overview about important solutions in this area. (Compare [3]) Some new solutions are discussed according to material sciences, as it is also very important to develop and use new materials, which help to create smart solutions. Smart materials are created in the areas of e.g. laminated, composite and functionally graded materials, thermal and piezoelectric actuation, active and passive damping, vibrations and waves in smart structures. (Compare [4]) Smart materials allow the design and implementation of actuator, sensor fields and networks. Further examples are self-reporting materials, which autonomously report about problems and defects. This allows an evaluation and control of defects of components during their use and application. (Compare [5])


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