scholarly journals THE CHALLENGES AND OPPORTUNITIES OF INDUSTRY 4.0-A REVIEW

2019 ◽  
Vol 5 (2) ◽  
pp. 173-178
Author(s):  
Sreenivasan Jayashree ◽  
C. A. Malarvizhi ◽  
Mohammad Nurul Hassan Reza
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
Challenges And Opportunities

The Fourth Industrial Revolution, most encouraging industrial wave puts remarkable challenges and opportunities for organizations from the industrial, managerial and operational viewpoint. The achievement of the most recent innovations of Industry 4.0 and the change of creation methodology includes surprising challenges and opportunities in the ground of work and future manufacturing procedures require novel capabilities (Horváth, and Szabó, 2019). Sometimes the organizations face tremendous difficulties to identify the challenges as well as the opportunities of Industry 4.0. Hence, the challenges and opportunities of Industry 4.0 should be recognized appropriately, assessed precisely and afterward should be executed consequently. With the expectation of understanding the aspects of challenges and opportunities of Industry 4.0 as a disruptive industrial issue and to contribute the existing literature an arranged review strategy was executed to assemble the literature.

Accessible@tourism 4.0

2021 ◽  
pp. 1444-1463
Author(s):  
Pedro Teixeira ◽  
Leonor Teixeira ◽  
Celeste Eusébio
Keyword(s):  
Industry 4.0 ◽  
Essential Role ◽  
Industrial Revolution ◽  
Tourism Industry ◽  
Fourth Industrial Revolution ◽  
Tourism Sector ◽  
Challenges And Opportunities ◽  
The Government ◽  
Set Up

This chapter describes how Tourism 4.0 is a concept that combines tourism and the fourth industrial revolution, and although the literature in this field is very scarce, this concept has been explored in some research projects, such as the government-sponsored research project in Slovenian tourism. People with various kinds of access requirements represent a combination of challenges and opportunities for the tourism industry. Tourism 4.0 set up the main goals of making tourism accessible to everyone at any time. Therefore, this new phenomenon may have an essential role in the development of accessible tourism. The adoption of technological components in accessible tourism enables the development of a new technological solution that can facilitate access to tourism products for disabled people, contributing to the development of accessible tourism. The new term Accessible@Tourism 4.0 is the answer to the role of the fourth industrial revolution in accessible tourism, emphasizing the effect of Industry 4.0 components in the tourism sector.

scholarly journals The Direction of Industry: A Literature Review on Industry 4.0

2019 ◽  
Vol 1 (1) ◽  
pp. 2129-2138 ◽  
Author(s):  
Robert Lawrence Wichmann ◽  
Boris Eisenbart ◽  
Kilian Gericke
Keyword(s):  
Literature Review ◽  
Paradigm Shift ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Cyber Physical System ◽  
Digital Factory ◽  
Expected Effect ◽  
Industrial Manufacturing ◽  
Fourth Industrial Revolution ◽  
Challenges And Opportunities

AbstractWith the rapid success of the digital enterprises in the 21st Century, industrial manufacturing is expected to be approaching the fourth industrial revolution, coined Industry 4.0 (I4.0). The instrumental technology that will drive this evolution is the integration of the physical and digital factory into one cyber physical system. There is consensus among academics and industry alike that there will be an integral paradigm shift in how offerings will be developed and manufactured. While there is much confidence that the future factory will have unprecedented capabilities to satisfy complex customer demands, there is little agreement on how individual organisations can utilise these trends. This paper presents a literature review identifying reoccurring themes and trends of I4.0 and their expected effect on future manufacturing. Central characteristics, challenges and opportunities are identified and discussed. The findings can provide support in developing actionable strategies for industry to direct I4.0 endeavours.

Accessible@tourism 4.0

2020 ◽  
pp. 192-211
Author(s):  
Pedro Teixeira ◽  
Leonor Teixeira ◽  
Celeste Eusébio
Keyword(s):  
Industry 4.0 ◽  
Essential Role ◽  
Industrial Revolution ◽  
Tourism Industry ◽  
Fourth Industrial Revolution ◽  
Tourism Sector ◽  
Challenges And Opportunities ◽  
The Government ◽  
Set Up

This chapter describes how Tourism 4.0 is a concept that combines tourism and the fourth industrial revolution, and although the literature in this field is very scarce, this concept has been explored in some research projects, such as the government-sponsored research project in Slovenian tourism. People with various kinds of access requirements represent a combination of challenges and opportunities for the tourism industry. Tourism 4.0 set up the main goals of making tourism accessible to everyone at any time. Therefore, this new phenomenon may have an essential role in the development of accessible tourism. The adoption of technological components in accessible tourism enables the development of a new technological solution that can facilitate access to tourism products for disabled people, contributing to the development of accessible tourism. The new term Accessible@Tourism 4.0 is the answer to the role of the fourth industrial revolution in accessible tourism, emphasizing the effect of Industry 4.0 components in the tourism sector.

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

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 Local Productive Systems’ Transitions to Industry 4.0+

2021 ◽  
Vol 13 (23) ◽  
pp. 13052
Author(s):  
Marco Bellandi ◽  
Lisa De Propris
Keyword(s):  
Technological Change ◽  
Conceptual Framework ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
National Level ◽  
Sustainability Transitions ◽  
Fourth Industrial Revolution ◽  
Productive Systems

The paper is positioned in the emerging debate on the technological change brought about by the Fourth Industrial Revolution, often referred to as Industry 4.0. Our analysis is at the local, sub-national level. The aim is to explore what drivers and barriers local productive systems might face when seeking to embark on transitions that reconcile smart, equitable, and sustainable priorities, under enhanced models called Industry 4.0+. The novelty of the paper is to develop such models by designing a conceptual framework that juxtaposes the drivers and the barriers of sustainability transitions with local productive systems. This novel framework suggests possible pathways that local productive systems can initiate to achieve more equitable and green outcomes for their economy and society by directing the development of digital-related solutions.

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.

scholarly journals Shipbuilding 4.0: modern technologies and perspectives of the concept

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Kseniya Reznikova ◽  
Valery Maximov ◽  
Dmitry Popov
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Huge Number ◽  
Heavy Industry ◽  
Shipbuilding Industry ◽  
Fourth Industrial Revolution ◽  
Advanced Technologies ◽  
State And Market ◽  
Modern Technologies

Together with the fourth industrial revolution Industry 4.0 in the field of shipbuilding came the concept of Shipbuilding 4.0. Despite its separation from Industry 4.0, the concept also implies the automation of production and implementation of the most advanced technologies. Such technologies include cloud computing, Internet of Things, artificial intelligence, augmented reality and blockchain. Today, all these technologies are heard and familiar to a huge number of people. They continue to be actively developed and implemented in various industries and areas of human life. Heavy industry, namely shipbuilding, was no exception. This article examines the concept of Shipbuilding 4.0 and information technology, it characterizes. Examples of the implementation of the above technologies in the shipbuilding industry are given: at shipyards, in design. Applications in logistics and shipping have also been studied. This work considers such a problem of the Russian shipbuilding industry as poorly developed digitalization. With a high probability, these technologies will soon be actively consolidated in this area and will start everywhere, including at Russian shipyards. The use of innovative developments will improve competitiveness and strengthen positions in the state and market economy. Maritime activity is a very responsible field, where the slightest mistake can lead to bad consequences on a colossal scale. Therefore, the advanced technologies considered in the work have yet to be brought to perfection. However, they already have the potential and direction of development.

scholarly journals Smart Mechanical Systems for Manufacturing in the Era of Industry 4.0: Condition-Based Predictive Maintenance and Dynamic System Modification for Small and Medium-Sized Enterprises

2021 ◽  
Vol 20 (2) ◽  
Author(s):  
Giovanni Carabin ◽  
Erich Wehrle ◽  
Renato Vidoni
Keyword(s):  
Dynamic System ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Mechanical Systems ◽  
Predictive Maintenance ◽  
Condition Based Maintenance ◽  
Specific Target ◽  
New Class ◽  
Fourth Industrial Revolution ◽  
Potential Benefits

We are in the era of the fourth industrial revolution. Which highlights adaptability, monitoring, digitisation and efficiency in manufacturing as a result of the design of new smart mechanical systems. A central role in Industry 4.0 is played by maintenance and, within this framework, we define and review condition-based predictive maintenance. Thereafter, we propose a new class of smart mechanical systems that self-optimise utilising both condition-based maintenance and dynamic system modification. Akin to smart structures, smart mechanical systems will recognise and predict faults or malfunctions and, subsequently, self-optimise to restore desirable system behaviour. Potential benefits include increased reliability and efficiency while reducing cost without the requirement of highly skilled technicians. Thus, small and medium-sized enterprises are a specific target of such technology due to their increasing level of automatisation within Industry 4.0.

Adjustment of enterprises to the requirements of the fourth industrial revolution – regional approach

2021 ◽  
Vol 66 (1) ◽  
pp. 32-48
Author(s):  
Andrzej Sokołowski ◽  
Małgorzata Markowska
Keyword(s):  
Experimental Research ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Composite Indicator ◽  
Composite Indicators ◽  
Regional Approach ◽  
Fourth Industrial Revolution ◽  
The Future

The aim of the paper is to propose a composite indicator characterising the level of development of Polish NUTS 2 regions with respect to the implementation and results of the changes the fourth industrial revolution (Industry 4.0) entails, and to present a ranking of regions illustrating the degree to which enterprises have adjusted to the requirements of Industry 4.0. Data used for the calculations have been based on the results of an experimental research conducted by Statistics Poland (GUS) in 2019. Two methods for constructing the composite indicators have been used – classical and iterative which is to assess the indicator’s resilience to the influence of any potential outliers. 10 sub-criteria, covered by 21 variables have been taken into account. Opolskie region appeared to be the best NUTS 2 region in Poland in terms of the implementation of the requirements outlined by Industry 4.0. The evaluation of the proposed composite indicator will be possible when comparing it with the results of similar surveys carried out by GUS in the future.

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