scholarly journals Financial Support for Smart Manufacturing towards Industry 4.0 in the Context of Sustainable Development

2020 ◽  
pp. 81-89
Author(s):  
Nataliіa Bulavinova ◽  
Anastasiіa Ihnatchenko
Keyword(s):  
Sustainable Development ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Public Funding ◽  
Smart Factory ◽  
Smart Manufacturing ◽  
Transparency International ◽  
Responsible Investing ◽  
International Ranking ◽  
The Revolution

The transformational changes in the ecosystem over the past two decades have led to the technological leap that made all scientists talk about the Fourth Industrial Revolution. Against the background of the changes that the revolution personifies, the determining factor is the study of the issue of smart manufacturing as the main link in the revolution. The paradigm in the development of smart manufacturing is not only the development of such technologies as artificial intelligence, blockchain in manufacturing, the Industrial Internet of Things, robotics, cybersecurity, etc. but also the financial security of all its processes. Since smart manufacturing is a specific category of economic development, it also requires specific funding. The article investigates the terminological definition of Smart Manufacturing. The Smart Manufacturing market was studied, and a forecast for the coming years was made. At the beginning of 2019, the market was USD 204,95 billion and USD 422.88 billion by 2025. The work is substantiated, Smart Factory is a mechanism workshop for Smart Manufacturing. Although, in our opinion, Smart Factory is the environment for the formation of technologies, that improve the work of manufacturing mechanisms. The importance of becoming Industry 4.0 based on the principles of sustainable development is determined. Since human activity has led to the destruction of the ecosystem. The budgets of the world's leading countries for the development of Smart Manufacturing have been studied. Тhe leader is Germany. It is planned to spend USD 200 million of public funding and USD 300 million of private one (business investment). The authors noted the importance of implementing responsible investing. The investment climate of Ukraine has been studied. In 2019, Ukraine is ranked 64th in the Doing Business ranking, 85th in the Global Competitiveness Index, 47th in the Global Innovation Index and 126th in the Transparency International ranking. The lack of implementation of almost all principles of Smart Manufacturing is noted.

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.

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 INDUSTRY 4.0 and TURKEY

2019 ◽  
Vol 7 (1) ◽  
pp. 24-41
Author(s):  
Esra YAŞAR ◽  
Tuba ULUSOY
Keyword(s):  
Product Quality ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Production Costs ◽  
International Competition ◽  
Smart Factory ◽  
Fourth Industrial Revolution ◽  
Survey Technique ◽  
The World

  In 2011, Germany kicked off the Fourth Industrial Revolution (Industry 4.0) to empower its economy. Since then, revolutionary changes have been implemented all over the world, increasing international competition. Smart-factory capabilities emerging from Industry 4.0 have many benefits such as lowering production costs of existing factories and increasing product quality. However, with such revolutionary changes, an orientation period is required for any implementer. To efficiently manage such an orientation period, the extant situation must first be analyzed. Only then should the necessary changes and innovations be applied. In this study, Turkey’s Industry 4.0 adoption opportunities are evaluated by using a survey technique that analyzes extant situations and potential results.

scholarly journals Industry 5.0: The Convergence of AI and HI (Human Intelligence)

2021 ◽  
Author(s):  
Gauri Malhar Bhandurge ◽  
Mrunmayi Shirish Bhide
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Growth And Development ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Research Paper ◽  
Smart Factory ◽  
Human Intelligence ◽  
Internet Of Everything

Abstract Today, as we see a big chunk of the industries in various fields adapting Industry 4.0, a lot of us have started asking the question “what’s next?”, the next industrial revolution, Industry 5.0. Past revolutions have pointed out that new revolutions take place only to correct the anomalies of the existing industrial situations. Likewise, to generate further clarity and to understand the previous findings around smart factory, we conducted a systematic literature review. This research paper talks about the various walks of life that industry 5.0 has the capability to affect and make better. We have also attempted to list down a few factors that will be vital for bringing about the 5th industrial revolution. With the goal of a smart society, which will be an extension of the existing smart factory, we call this process of transformation, growth and development as ‘THE INDUSTRIAL UPCYCLING’. We are proposing a new terminology called IoE – Internet of Everything as an extension of IoT.

scholarly journals Revolution Industry 4.0 – The Vision of the Labor Market in Vietnam

2019 ◽  
pp. 21445-21448
Author(s):  
Do Hong Thang
Keyword(s):  
Developing Countries ◽  
Labor Market ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
The World ◽  
Tremendous Impact ◽  
The Revolution

Industrial revolution 4.0 is expected to have tremendous impact for the labor market in the world/ASEAN in general and Vietnam in particular. This paper aims to provide a better understand of the industry revolution 4.0, its opportunities and challenges, as well as the direction to proactively seize opportunities to leverage the maximum advantage of the revolution 4.0. This revolution will bring many opportunities for development and integration, but also poses numerous challenges to developing countries like Vietnam.

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.

An Initial Framework for Implementation of Industry 4.0 in the High Technological Manufacturing Sector in Southern California

2019 ◽  
Author(s):  
Sagil James ◽  
Anupam Shetty
Keyword(s):  
Industry 4.0 ◽  
Southern California ◽  
Industrial Revolution ◽  
Manufacturing Sector ◽  
Smart Manufacturing ◽  
New Paradigm ◽  
Manufacturing Sectors ◽  
Southern California Region ◽  
The Internet Of Things ◽  
Initial Framework

Abstract The fourth industrial revolution, also known as Industry 4.0 is a new paradigm that is significantly influencing several manufacturing industries across the globe. Industry 4.0 synchronizes concepts such as Smart Manufacturing, Smart Factory, and the Internet of Things with existing factory automation technologies in order to improve value in manufacturing by monitoring key performance indicators and creates value in all manufacturing related aspects. Currently, several industries have started early initiatives of implementing these technologies. As the industries are evaluating their readiness for implementing the Industry 4.0 concepts, there are several challenges which need to be addressed including high initial investment, lack of standardization, data security and lack of skilled labor. A strategic roadmap towards implementing the Industry 4.0 paradigms is still unclear in the industry as well as in academia. This research develops an initial framework for the effective implementation of Industry 4.0 in the high technology manufacturing sectors in the Southern California region. The results of this study are expected to provide a platform to expand the opportunities of Industry 4.0 further and facilitate worldwide adoption.

The Application of the Positive Semi-Definite Kernel Space for SVM in Quality Prediction

2020 ◽  
Vol 13 (2) ◽  
pp. 228-233
Author(s):  
Wang Meng ◽  
Dui Hongyan ◽  
Zhou Shiyuan ◽  
Dong Zhankui ◽  
Wu Zige
Keyword(s):  
Industry 4.0 ◽  
Manufacturing Systems ◽  
Industrial Revolution ◽  
Feature Space ◽  
Mixed Data ◽  
Smart Manufacturing ◽  
Additive Constant ◽  
Kernel Space ◽  
Data Set ◽  
Low Dimensional

Background: A transformation toward 4th Generation Industrial Revolution (Industry 4.0) is being led by Germany based on Cyber-Physical System-enabled manufacturing and service innovation. Smart manufacturing is an important feature of Industry 4.0 which uses the networked manufacturing systems for smart production. Current manufacturing systems (5M1E systems) require deeper mining of the data which is generated from manufacturing process. Objective: To map low-dimensional embedding into the input space would meet the requirement of “kernel trick” to solve a problem in feature space. On the other hand, the distance can be calculated more precisely. Methods: In this research, we proposed a positive semi-definite kernel space by using a constant additive method based on a kernel view of ISOMAP. There were 6 steps in the algorithm. Results: The classification precision of KMLSVM was better than SVM in the enterprise data set, in which SVM selected the RBF kernel and optimized its parameters. Conclusion: We adopted the additive constant method in kernel space construction and the positive semi-definite kernel was built. The typical mixed data set of an enterprise was used in simulation. We compared the SVM and KMLSVM in this data set and optimized the SVM kernel function parameters. The simulation results demonstrated the KMLSVM was a better algorithm in mix type data set than SVM.

scholarly journals Digital Twin for Automatic Transportation in Industry 4.0

Sensors ◽  
2021 ◽  
Vol 21 (10) ◽  
pp. 3344
Author(s):  
Alberto Martínez-Gutiérrez ◽  
Javier Díez-González ◽  
Rubén Ferrero-Guillén ◽  
Paula Verde ◽  
Rubén Álvarez ◽  
...  
Keyword(s):  
Value Chain ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Industrial Plant ◽  
Smart Manufacturing ◽  
Time Data ◽  
Digital Twin ◽  
Incremental Value ◽  
Material Requirement ◽  
Definition Of

Industry 4.0 is the fourth industrial revolution consisting of the digitalization of processes facilitating an incremental value chain. Smart Manufacturing (SM) is one of the branches of the Industry 4.0 regarding logistics, visual inspection of pieces, optimal organization of processes, machine sensorization, real-time data adquisition and treatment and virtualization of industrial activities. Among these tecniques, Digital Twin (DT) is attracting the research interest of the scientific community in the last few years due to the cost reduction through the simulation of the dynamic behaviour of the industrial plant predicting potential problems in the SM paradigm. In this paper, we propose a new DT design concept based on external service for the transportation of the Automatic Guided Vehicles (AGVs) which are being recently introduced for the Material Requirement Planning satisfaction in the collaborative industrial plant. We have performed real experimentation in two different scenarios through the definition of an Industrial Ethernet platform for the real validation of the DT results obtained. Results show the correlation between the virtual and real experiments carried out in the two scenarios defined in this paper with an accuracy of 97.95% and 98.82% in the total time of the missions analysed in the DT. Therefore, these results validate the model created for the AGV navigation, thus fulfilling the objectives of this paper.

scholarly journals Industry 4.0 Technologies for Manufacturing Sustainability: A Systematic Review and Future Research Directions

2021 ◽  
Vol 11 (12) ◽  
pp. 5725
Author(s):  
Anbesh Jamwal ◽  
Rajeev Agrawal ◽  
Monica Sharma ◽  
Antonio Giallanza
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Big Data Analytics ◽  
Research Progress ◽  
Smart Manufacturing ◽  
Future Research ◽  
Business Practices ◽  
Research Directions ◽  
Research Areas ◽  
Future Research Directions

Recent developments in manufacturing processes and automation have led to the new industrial revolution termed “Industry 4.0”. Industry 4.0 can be considered as a broad domain which includes: data management, manufacturing competitiveness, production processes and efficiency. The term Industry 4.0 includes a variety of key enabling technologies i.e., cyber physical systems, Internet of Things, artificial intelligence, big data analytics and digital twins which can be considered as the major contributors to automated and digital manufacturing environments. Sustainability can be considered as the core of business strategy which is highlighted in the United Nations (UN) Sustainability 2030 agenda and includes smart manufacturing, energy efficient buildings and low-impact industrialization. Industry 4.0 technologies help to achieve sustainability in business practices. However, very limited studies reported about the extensive reviews on these two research areas. This study uses a systematic literature review approach to find out the current research progress and future research potential of Industry 4.0 technologies to achieve manufacturing sustainability. The role and impact of different Industry 4.0 technologies for manufacturing sustainability is discussed in detail. The findings of this study provide new research scopes and future research directions in different research areas of Industry 4.0 which will be valuable for industry and academia in order to achieve manufacturing sustainability with Industry 4.0 technologies.

Sign in / Sign up

Export Citation Format

Share Document