scholarly journals OPTIMIZATION BUSINESS PROCESSES FOR TRANSITION TO A SUSTAINABLE DEVELOPMENT IN THE CONDITIONS OF THE FOURTH INDUSTRIAL REVOLUTION

2018 ◽  
pp. 10-19 ◽  
Author(s):  
A. L. Lisovsky
Keyword(s):  
Sustainable Development ◽  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
New Technologies ◽  
Process Innovations ◽  
Foreign Companies ◽  
Fourth Industrial Revolution ◽  
Industrial Companies

The influence of technologies of the Industry 4.0 on optimization business processes of the industrial companies for achievement of a sustainable development is analyzed. Effects of the changes caused by technologies of the Industry of 4.0 in the Russian and foreign companies are considered. It is shown that achievement of a sustainable development is impossible without the process innovations caused by introduction of new technologies. The algorithm of carrying out audit and an assessment of the new technologies “business processes” most ready to introduction is offered for their introduction..

scholarly journals Implications of the Fourth Industrial Revolution on sustainable development

2020 ◽  
Vol 4 (2) ◽  
pp. 45-60 ◽  
Author(s):  
Andrija Popović
Keyword(s):  
Sustainable Development ◽  
Industry 4.0 ◽  
Sustainable Development Goals ◽  
Industrial Revolution ◽  
New Technologies ◽  
Comprehensive Overview ◽  
The Sustainable Development ◽  
Agenda 2030 ◽  
Fourth Industrial Revolution ◽  
Development Goals

We are at the cusp of the Fourth Industrial Revolution, and its implications on the society are far-reaching. The purpose of this paper is to give a comprehensive overview of the implications that Industry 4.0 has on the Sustainable Development Goals from the UN Agenda 2030, based on the review and the analysis of the available literature. The paper is structured to give an insight into the basic concepts of Industry 4.0 and Sustainable Development, then moves through the implications of new technologies on the Sustainable Development Goals, and finally, points out the areas that need to be addressed by policymakers. This paper just tapped into the potentials and issues that the Fourth Industrial Revolution brings while leaving the room for in-depth research of any of the analyzed areas.

scholarly journals THE IMPACT OF TECHNOLOGIES OF THE INDUSTRY 4.0 ON INCREASE OF PRODUCTIVITY AND TRANSFORMATION OF INNOVATIVE BEHAVIOR OF THE INDUSTRIAL COMPANIES

2020 ◽  
Vol 11 (2) ◽  
pp. 132-149
Author(s):  
A. V. Trachuk ◽  
N. V. Linder
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technologies ◽  
Critical Mass ◽  
Innovative Activity ◽  
High Tech ◽  
Innovative Behavior ◽  
Fourth Industrial Revolution ◽  
Industrial Companies ◽  
The Impact

Paper is devoted to interrelation research between investments in technology of the fourth industrial revolution, patterns of innovative behavior and productivity of the Russian industrial companies. Research is conducted on the basis of data of 576 industrial companies (874 respondents).At the first investigation phase it is confirmed that technologies of the industry have the greatest impact on increase of productivity and transformation of industrial production 4.0: robotics, Internet of things, additive production, big data and analytics, cybersecurity. Besides, effects of introduction of technologies of the fourth industrial revolution are defined: financial, valuable, operational, innovative and technological development.At the second investigation phase the interrelation analysis between investments is carried out to technologies of the industry 4.0, patterns of innovative behavior and productivity of the industrial companies with use of the modified CDM model. The received empirical results have shown that investments of the industrial companies in technology of the fourth industrial revolution increase productivity with elasticity 0,28 for high-tech industries; 0,21 – for the middle-technology, and 0,14 – for low-technology.Investments in innovative activity have elasticity range from 0,04 (for low volumes of investments in new technologies) to 0,17 (at the high volumes of investments); the relations between investments in an innovation and growth of productivity aren't linear and have stable positive relation only after a certain critical mass of investments in new technologies is reached. Considerable influence on interrelation of investments in innovations and productivity is rendered by the characteristic of branch in which the company works: the firms working in high-tech industries, not only put in new technologies, innovative activity more, but also have more high efficiency caused by scientific researches and development; the companies of low-technology branches have negative elasticity of investments in innovations and productivity that is connected with influence of effect of unprofitability of investments into innovations (appropriability effect), that is the additional profit on investment isn't essential.

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 Internal factors supporting business and technological transformation in the context of Industry 4.0

2019 ◽  
Vol 20 ◽  
pp. 137-145 ◽  
Author(s):  
Lucia Kohnová ◽  
Ján Papula ◽  
Nikola Salajová
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technologies ◽  
Employee Education ◽  
Technological Transformation ◽  
Internal Factors ◽  
Fourth Industrial Revolution ◽  
Culture Strategy ◽  
Technology Transformation ◽  
And Training

Radical changes resulting from the Fourth Industrial Revolution strongly affect industrialized European countries. In particular, due to the new technologies that are characteristic of Industry 4.0, it will be essential for companies to make the necessary changes and achieve competitiveness through the implementation of these technologies. In order for companies to be able to make radical changes and innovations, they need to secure all the supporting areas in their organization. This research paper is focused on comparison of companies from Slovakia, Czech Republic, Austria, Germany and Switzerland in the context of readiness for Industry 4.0. This research was part of a research project, while data were collected in the period of 2015–2016. We have analysed companies from selected countries based on 7 areas which are closely interconnected with the business transformation and technology transformation coming from Industry 4.0. The main analysed questions focused on areas such as employee education and training, organizational culture, strategy, or organizational processes, that will be most affected by radical changes in the environment. Research has highlighted the differences between countries as a result of long-standing cultural differences, but at the same time identified the unified influence of the ongoing global debate on the need for technological innovation. With Slovak and Czech companies being below stronger innovators in the maturity of education systems, we strongly advise considering partnering in education which can bring valuable information to businesses that want to take on the wave of innovation.

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.

scholarly journals An Unprecedented Time for Entrepreneurial Finance upon the Arrival of Industry 4.0

2020 ◽  
Vol 13 (10) ◽  
pp. 224
Author(s):  
Quan-Hoang Vuong
Keyword(s):  
Sustainable Development ◽  
Emerging Markets ◽  
Market Efficiency ◽  
Emerging Economies ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Debt Financing ◽  
Entrepreneurial Finance ◽  
Fourth Industrial Revolution ◽  
Stock Market Efficiency

Enterprises and entrepreneurs in emerging economies face a different set of opportunities and challenges from the fourth industrial revolution, Industry 4.0. This volume comprises a number of analyses on entrepreneurial finance with a focus on the emerging markets, covering topics such as debt financing, stock market efficiency, resource consumption, and sustainable development.

scholarly journals Features of Digitalization in the Construction Industry as an Important Factor of Its Sustainable Development

2021 ◽  
Vol 7 (12) ◽  
pp. 169-174
Author(s):  
K. Voskovykh
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Cost Savings ◽  
Resource Scarcity ◽  
Current Level ◽  
Construction Site ◽  
Fourth Industrial Revolution

This article determines that in the context of global digitalization, the competitiveness and sustainable development of companies depend on the speed of mastering new technologies. Assessment of the current level of the construction industry indicates its lag behind other industries. The aim of the study is to analyze the current level of digitalization of construction companies and summarize the constraining factors. The importance of continuous digitization of production and logistics, networking of autonomous smart objects or the use of self-learning systems in order to increase flexibility and optimize processes is emphasized. The main benefit of implementing digital business models is reducing the time it takes to make decisions, implement a project, and bring products to market. The factors holding back digital processes at the construction site are highlighted: a high proportion of manual production, over-regulation, dependence on the public sector and cyclical changes, the scale of the company. New technologies resulting from the fourth industrial revolution promise more efficient processes, greater time and cost savings, greater productivity and quality. The construction industry must catch up with other industries, because it also has to face the challenges of globalization, urbanization, climate change, resource scarcity, demographic change and other events that disrupt its sustainable development. Construction Site 4.0 promises improvements, but the fourth industrial revolution on the construction site is just beginning.

scholarly journals COMPARISON OF THE INDUSTRY 4.0 CONCEPT IN SELECTED COUNTRIES IN THE PERIOD OF GLOBALIZATION

2018 ◽  
Vol 6 ◽  
pp. 253-259 ◽  
Author(s):  
Martina Kováčiková ◽  
Katarína Repková Štofková
Keyword(s):  
Czech Republic ◽  
Industry 4.0 ◽  
World Economy ◽  
Business Processes ◽  
Industrial Revolution ◽  
The Czech Republic ◽  
Advantages And Disadvantages ◽  
Fourth Industrial Revolution ◽  
Life Work ◽  
The Eu

Our society goes beyond the threshold of a new technological revolution, which will obviously affect the world economy, affect the life, work, communication of people and facilities. Significant features of the economy include the growth of market variability, the shortening of product lifecycles, the growth of global chain influences, but also the fact that current consumers demand products with individual solutions. Intelligent items, products, machines and devices will allow manufacturers to produce original products without increasing costs. Industry 4.0 or the fourth industrial revolution is the name for dramatic changes and their current entry into the industry. The bearer of these changes is product digitization, digitization and optimization of all business processes, including services. The period of globalization brings new challenges for businesses.This contribution is focused on the characteristics of Industry 4.0, the tools used for the area in question, the advantages and disadvantages of Industry 4.0 and the Industry 4.0 initiative concept and the comparison of the concept with the Czech Republic and Germany. The Czech Republic is geographically and culturally close to Slovakia, while Germany is the leader in this area within the EU.

scholarly journals Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek ISBN 978-3-03943-597-5

2022 ◽  
Author(s):  
Universitätsbibliothek Braunschweig
Keyword(s):  
Sustainable Development ◽  
Mergers And Acquisitions ◽  
Emerging Economies ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Debt Financing ◽  
Entrepreneurial Finance ◽  
Developed Economies ◽  
Fourth Industrial Revolution ◽  
Stock Market Efficiency

The advent of the fourth industrial revolution, Industry 4.0, brings about both opportunities and challenges that are likely to set developed economies even farther apart from emerging economies. This book, through the perspective of researchers in the emerging markets, presents analyses on a number of issues important to entrepreneurial finance, such as debt financing, mergers and acquisitions, stock market efficiency, resource allocation and consumption, and sustainable development.

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