scholarly journals Industry 4.0: Technologies and their impact on productivity of industrial companies

2018 ◽  
pp. 62-69 ◽  
Author(s):  
I. V. Tarasov
Keyword(s):  
Value Creation ◽  
Industrial Production ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Development Program ◽  
Industrial Companies ◽  
Technological Platform ◽  
The One ◽  
Third Industrial Revolution

The idea of the fourth technological revolution on the one hand is conceptual as formulates understanding of occurring changes, on the other hand, institutional, so creates the base for a number of the political initiatives developed and supported by the state and business for development of a research and development program. In article questions are considered:• Where the third industrial revolution comes to an end and the fourth begins?• What distinctive features and elements characterize "the industry 4.0"?• What changes expect an industry and the enterprise? the main characteristics of industrial production carry are: • digitalization and vertical integration on a value creation chain; digitalization and horizontal integration of several chains of value creation; • digitalization of products and services; • digital business models and access of clients; • the developed technological platform. The analysis of influence of the technologies characterizing the fourth industrial revolution on increase of productivity of the industrial companies is carried out. Application of the specified technologies not only allows to reduce number of unplanned shutdowns of the equipment considerably; time spent for jet, emergency work; but thus to increase time spent for pro-active, preventive maintenance. Besides, transformation of industrial production affects business-models of the industrial companies. The carried-out analysis of cases, allowed to allocate three new models of the organization of plants: the clever automated plants, the plants focused on the client, and mobile plants.

Industry 4.0: The Importance Factors of Innovation in Adopting Cloud Computing Among SMES in Malaysia

2020 ◽  
Vol 11 (1) ◽  
pp. 84-84
Author(s):  
Siti Salwa Sheikh Mokhtar ◽  
Anuar Shah Bali Mahomed ◽  
Yuhanis Abdul Aziz ◽  
Suhaimi Ab. Rahman
Keyword(s):  
Cloud Computing ◽  
Technology Acceptance ◽  
Industry 4.0 ◽  
Structural Equation ◽  
Industrial Revolution ◽  
Equation Model ◽  
Computing Industry ◽  
Global Economic Growth ◽  
Acceptance Model ◽  
Third Industrial Revolution

Small and medium-sized enterprises (SMEs) are commonly perceived as an essential part of boosting and stabilizing global economic growth. In 2018, SMEs recorded a 38.3% contribution to GDP of RM521.7 billion compared to RM491.2 billion in 2017. SMEs are expected to contribute 50% to Malaysia's GDP by 2030 relative to its present 38% contribution. However, in the context of Malaysia businesses, particularly small and medium-sized enterprises, are still not embracing the latest technology revolution sufficiently, as reported by the Ministry of International Trade and Industry (2018). Malaysia is currently in the third industrial revolution (automation), and some are still under the second industrial revolution. Such matter is worrying as only a few industries in Malaysia can adopt pillars of Industry 4.0, where business owners in Malaysia were still hesitant to embrace technologies such as the cloud. To bridge the gap in this analysis, this research adopted the technology acceptance model developed by Davis (1989) and Rogers' Diffusion Innovation Theory (1995), which incorporates the contexts of technology and innovation among SMEs in Malaysia. By using survey questionnaires, data was collected among manufacturing and services SMEs in Malaysia. Structural equation model employed to assess the important factors of innovation in adopting cloud computing among SMEs in Malaysia by using Smart-PLS. Keywords: Cloud computing, Industry 4.0, Innovation, Technological

Industry 4.0 initiatives in EU countries: experience for Ukraine

2020 ◽  
pp. 65-70
Author(s):  
Nataliya Ryvak ◽  
Anna Kernytska
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Successful Implementation ◽  
Industrial Complex ◽  
Interconnected System ◽  
Industrial Transformation ◽  
Eu Countries ◽  
European Experience ◽  
High Level

In this paper, digital technologies development was analyzed as the basis for the so-called “fourth industrial revolution” with the potential for the qualitative transformation of the Ukrainian economy based on EU countries’ experience. Industry 4.0 is a new control chain over the entire chain of creating value throughout the product lifecycle. When developing an economic policy, it is important to pay attention to Industry 4.0. It increases productivity, produces new, better, and individualized products, and implements new business models based on “undermining” innovations. A comparative analysis of national initiatives I4.0 with their characteristics according to the main dimensions, including funding, focus, direction, was conducted. Particular attention was paid to considering deterrents to the successful implementation and enforcement of the I4.0 initiative in European countries. The factors of successful implementation of I4.0 initiatives in the EU countries were analyzed. Drawing on the analysis of the European experience of digital transformations in industry and national economies in general, the necessity of critical focus of such transformations in Ukraine was highlighted, and the need for state support of industrial transformation was substantiated. The emphasis was placed on the cooperation development between stakeholders within the implementation of Industry 4.0 – it is necessary to create national and regional 4.0 platforms, following the example of EU countries, which would bring together government institutions, businesses, and academics. The successful positioning of the Ukrainian modern industrial complex on the world markets depends on the high level of the interconnected system providing factors that characterize its development process. Considering the influence of a list of inhibiting factors on implementing the country’s industry accelerated development, a set of measures needed to transform Ukraine’s industry based on European experience was substantiated.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals Pushing the Limits using Business Model Innovation a Three Pronged Approach and Lessons Learned

2021 ◽  
Vol 2 (1) ◽  
pp. 24-35
Author(s):  
Ignitia Motjolopane
Keyword(s):  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Industrial Revolution ◽  
Business Environment ◽  
Business Model Innovation ◽  
Lessons Learned ◽  
Revenue Streams ◽  
Reducing Costs ◽  
Model Components

In a constantly changing business environment, with increasing digitisation and fourth industrial revolution blurring the traditional value creation boundaries, companies need to explore ways to push the limits to remain competitive. Business model innovation offers companies the dynamic capability to differentiate business models and find innovative revenue streams while reducing costs. As such, the question arises as to how company may use business model innovation to remain competitive as the world digitises. Based on a literature review and empirical research involving six case studies, a three pronged approach in support of business model innovation is proposed. Business model innovation has the potential to push the limits when company executives and academia focus on the interrelation between drivers, process and components. Moreover, both effective and ineffective practices based on the research are presented. In conclusion, for companies to use business model innovation in pushing the limits, there is need to respond to the business model innovation drivers, adopt a systematic process and change at least one or more business model components and taking into account the interactions between these three concepts. This article may contribute to existing theory in the field of business model innovation and lessons learned from executives that have pushed the limits using business model innovation. Doi: 10.28991/HEF-2021-02-01-03 Full Text: PDF

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

Challenges and prospects for the Vietnam’s manufacturing industry development in the context of industry 4.0

2020 ◽  
Vol 26 (9) ◽  
pp. 84-92
Author(s):  
Lo Thi Hong Van ◽  
◽  
L. Guzikova ◽  
Keyword(s):  
Developing Countries ◽  
Industry 4.0 ◽  
Industrial Development ◽  
Manufacturing Industry ◽  
Industrial Revolution ◽  
Manufacturing Enterprises ◽  
Industrial Enterprises ◽  
Fourth Industrial Revolution ◽  
Leading Role ◽  
The One

The purpose of the study is to identify the challenges, prospects and ways for the development of the manufacturing industry in Vietnam in the context of Industry 4.0, after COVID-19. The article examines the development of the manufacturing industry in the context of Industry 4.0. The research methodology includes comparative analysis, elements of positive and normative analysis. The study is based on statistical information available within the period of writing the article (till October 1, 2020). The data of Vietnamese and international research organizations and statistics bodies, in particular, the websites of World Bank and General Statistics Office of were used. The leading role of the manufacturing industry in achieving sustainable economic development in developing countries, including Vietnam, was determined. Based on an assessment of the levels of development of the manufacturing industry in Vietnam from 2011 to 2019 and the state of production of the main manufacturing industries under the influence of the coronavirus pandemic in 2020, urgent problems of the development of the manufacturing industry in the context of Industry 4.0 in Vietnam were identified. The coronavirus pandemic, on the one hand, is seen as the reason for the slowdown in production growth in the manufacturing industry, and on the other hand, as a condition for accelerating digital transformation in industrial manufacturing enterprises. The article identifies the main challenges and prospects for the development of the manufacturing industry in Vietnam in the fourth industrial revolution. The human resource challenge for the development of manufacturing in the context of the fourth industrial revolution was identified in some specific industries such as textiles, food processing, machinery and equipment manufacturing by analyzing the Report of 2019 about Industry 4.0 Readiness of Vietnam’s industrial enterprises. The main priority areas for improving the production of the manufacturing industry in Vietnam to achieve sustainable industrial development are presented. The results of the work can be used in the development of policies for the development of the manufacturing industry not only in Vietnam, but also in other developing countries

Strategies of Sustainable Bioeconomy in the Industry 4.0 Framework for Inclusive and Social Prosperity

2019 ◽  
pp. 21-42
Author(s):  
Erhan İşcan
Keyword(s):  
Industry 4.0 ◽  
Efficient Solution ◽  
Industrial Revolution ◽  
Energy Sources ◽  
The Third ◽  
Fourth Industrial Revolution ◽  
Global Problem ◽  
Food Animals ◽  
Third Industrial Revolution

The last two decades have witnessed unpredictable transformations in knowledge-related areas. The main reason for this change is the fourth industrial revolution, a knowledge revolution affecting fields like the bioeconomy. The third industrial revolution, which induced the use of fossil-based energy sources, created a major global problem. Likewise, the third industrial revolution introduced the problem of the excess usage of food, animals, water, and other resources. Industry 4.0 offers an efficient solution to excessive tendencies. This chapter aims to analyze changes and offer strategies in the bioeconomy framework within Industry 4.0.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

Digital Transformation and Industry 4.0

2021 ◽  
pp. 1-17
Author(s):  
Hanaa Abdulraheem Yamani ◽  
Waleed Tageldin Elsigini
Keyword(s):  
Customer Service ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Fourth Industrial Revolution ◽  
Industrial Companies ◽  
The Future ◽  
Information And Communication ◽  
Definition Of

The current era is witnessing many changes on various levels. The information and communication revolutions are considered one of the important changes which has cast a shadow over how different institutions in society work via the phenomenon of digitization. As some of the most important institutions of society, industrial companies have been responding to this phenomenon of digital transformation to improve products and customer service while achieving a significant profitable return. This response by these institutions to the digital transformation has resulted in the emergence of the so-called fourth industrial revolution. In this context, this chapter reviews the definition of digital transformation as well as its dimensions, benefits, and obstacles. It also comments on the future of digital transformation and its relationship with industry. Ultimately it presents the fourth industrial revolution in terms of its definition, history, criteria, benefits, and the challenges it faces moving into the future.

Industrial Maintenance Entering the Industry 4.0 Era

2021 ◽  
pp. 229-250
Author(s):  
Pedro Fernandes Anunciação ◽  
Vitor Manuel Lemos Dinis ◽  
Francisco Madeira Esteves
Keyword(s):  
Asset Management ◽  
Industry 4.0 ◽  
Information Technologies ◽  
Industrial Revolution ◽  
Response Times ◽  
Production Lines ◽  
Fourth Industrial Revolution ◽  
Industrial Companies ◽  
Management Condition ◽  
Industrial Maintenance

Industry 4.0 marks the beginning of the so-called fourth industrial revolution. The new emerging information technologies, such as internet of things, cloud computing, machine learning, artificial intelligence, among others, have challenged the management and organization of industrial companies. They have now shorter market response times, higher quality requirements, and customization needs, which challenges many industrial areas from production to maintenance, from design to asset management. The maintenance and asset management condition and the reliability of production lines are closely linked and constitute key areas of good industrial operation. This work seeks to present a roadmap proposal for the management of industrial assets from maintenance management. In addition, it seeks to identify the key elements for a roadmap design and proposes a set of management questions to assess maintenance maturity.

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