scholarly journals The Role and Impact of Industry 4.0 and the Internet of Things on the Business Strategy of the Value Chain—The Case of Hungary

2018 ◽  
Vol 10 (10) ◽  
pp. 3491 ◽  
Author(s):  
Judit Nagy ◽  
Judit Oláh ◽  
Edina Erdei ◽  
Domicián Máté ◽  
József Popp
Keyword(s):  
Internet Of Things ◽  
Value Chain ◽  
Industry 4.0 ◽  
Economies Of Scale ◽  
Efficient Production ◽  
Chain Model ◽  
Primary Role ◽  
Time Data ◽  
Critical Issues ◽  
The Impact

In the era of industrial digitalization, companies are increasingly investing in tools and solutions that allow their processes, machines, employees, and even the products themselves, to be integrated into a single integrated network for data collection, data analysis, the evaluation of company development, and performance improvement. To study the impact of Industry 4.0 on the company we used Porter’s (1985) value chain model, which is particularly useful when paying particular attention to corporate areas which have a primary role in customer value creation. Since the primary impact of Industry 4.0 is perceived in value-creating processes, and has so far had the greatest transformative effect in this area, the model can be considered to be appropriate. The objective of our research is to discover how companies operating in Hungary interpret the phenomenon of Industry 4.0, what Internet of Things (IoT) tools they use to support their processes, and what critical issues they face during adaptation. We applied a dual methodology in our investigation: We sent an online questionnaire to manufacturing and logistical service companies to investigate the IoT tools they use, and the problems they face, and received 43 answers we could evaluate. We also conducted four expert interviews with manufacturing firms to get deeper insights into the application, critical issues and development phases of IoT tools. During our research, we found that the spread of real-time data across companies—given the availability of appropriate analytical tools and methods—can have a significant impact on the entire company. In the case of CPS (Cyber Physical System), CPPS and Big Data Technologies, companies using them have been evaluated as having a higher level of logistic service, more efficient processes with their partners, improved cooperation between certain logistic functions, and higher market and financial performance and competitiveness. Applying more efficient production processes, and achieving better productivity and economies of scale, might also result in increased economic sustainability. Furthermore, we have found that companies have started on the path to digital evolution, and investments of this type have already begun.

Value Enablement of Collaborative Supply Chain Environment Embedded With the Internet of Things

2020 ◽  
Vol 16 (3) ◽  
pp. 19-51
Author(s):  
Samir Yerpude ◽  
Tarun Kumar Singhal
Keyword(s):  
Supply Chain ◽  
Internet Of Things ◽  
Supply Chains ◽  
Goodness Of Fit ◽  
The Internet ◽  
Chain Model ◽  
Time Data ◽  
Business Goals ◽  
The Impact ◽  
The Internet Of Things

Currently, industry is going through the fourth Industrial Revolution, also termed Industry 4.0. It is characterized mainly by the cyber-physical systems dominated by digital technologies such as the Internet of Things (IoT). Organizations are making significant effort to understand customer needs and subsequently align them to the business goals for achieving market leadership. It is imperative for the longevity of the organization that goods and services be made available to the customer at the most appropriate place, time, and price. Supply chains are contributing to achieving this organizational goal. A paradigm shift was observed in the past few decades when organizations competed as supply chains in the market more than an individual brand. This shift brought forward the importance of collaborative supply chains. Researchers in this study have presented the impact of IoT origins on real-time data on a collaborative supply chain model, including internally and externally aligned parameters. The study recommends the best model basis for the goodness of fit from the customer and vendor perspective for the automotive industry in India.

THE VALUE CHAIN OF COMPETENCY MODEL FOR VIETNAMESE EDUCATIONAL MANAGERS IN THE INDUSTRY 4.0 REVOLUTION ERA

2018 ◽  
Author(s):  
Le Thi My Hanh ◽  
Luis Alfaro ◽  
Tran Phuong Thao
Keyword(s):  
Value Chain ◽  
Industry 4.0 ◽  
Global Economy ◽  
Value Added ◽  
Chain Model ◽  
Individual Level ◽  
The Social ◽  
Comprehensive Development ◽  
Model Of Competency ◽  
Personal Competencies

This world is constantly changing and rapidly moving,-particular in the Industry 4.0 revolution, people must change to follow and keeping with this new trend. Education is the human foundation toward the “Truth - Good - Beautiful”, and comprehensive development of personal competencies as knowledge, skills and behaviors. A nation, such as Vietnam, if they want to integrate into global economy and affirming their position, they will need the “Talented - Virtuous” human resource who could meet the high demand of society. The purpose of this study was to propose a model of competency value chain at individual level for the educational managers, analyzing some factors of this value chain model and how to apply to Vietnamese education system in the fourth Industry era. The authors wanted to focus on the social value added that the educational managers’competency could bring as the result of this research.

How Industry 4.0 Can Benefit From Semantic Web Technologies and Artefacts

2021 ◽  
Vol 13 (4) ◽  
pp. 64-74
Author(s):  
Leila Zemmouchi-Ghomari
Keyword(s):  
Cloud Computing ◽  
Internet Of Things ◽  
Semantic Web ◽  
Industry 4.0 ◽  
The Internet ◽  
Time Data ◽  
Semantic Web Technologies ◽  
Web Technologies ◽  
Real Time Data ◽  
The Internet Of Things

Industry 4.0 is a technology-driven manufacturing process that heavily relies on technologies, such as the internet of things (IoT), cloud computing, web services, and big real-time data. Industry 4.0 has significant potential if the challenges currently being faced by introducing these technologies are effectively addressed. Some of these challenges consist of deficiencies in terms of interoperability and standardization. Semantic Web technologies can provide useful solutions for several problems in this new industrial era, such as systems integration and consistency checks of data processing and equipment assemblies and connections. This paper discusses what contribution the Semantic Web can make to Industry 4.0.

Industrial Internet of Things 4.0

2021 ◽  
pp. 172-191
Author(s):  
Vishwas D. B. ◽  
Gowtham M. ◽  
Gururaj H. L. ◽  
Sam Goundar
Keyword(s):  
Internet Of Things ◽  
Ubiquitous Computing ◽  
Industry 4.0 ◽  
Economies Of Scale ◽  
The Internet ◽  
Scientific Policy ◽  
Industrial Internet Of Things ◽  
Reference Guide ◽  
Industrial Internet ◽  
The Internet Of Things

In the era of mechanical digitalization, organizations are progressively putting resources into apparatuses and arrangements that permit their procedures, machines, workers, and even the products themselves to be incorporated into a solitary coordinated system for information assortment, information examination, the assessment of organization advancement, and execution improvement. This chapter presents a reference guide and review for propelling an Industry 4.0 venture from plan to execution, according to base on the economic and scientific policy of European parliament, applying increasingly effective creation forms, and accomplishing better profitability and economies of scale may likewise bring about expanded financial manageability. This chapter present the contextual analysis of a few Industry 4.0 applications. Authors give suggestions coordinating the progression of Industry 4.0. This section briefly portrays the advancement of IIoT 4.0. The change of ubiquitous computing through the internet of things has numerous difficulties related with it.

A new sustainability model: engaging the entire firm

2014 ◽  
Vol 35 (2) ◽  
pp. 4-12 ◽  
Author(s):  
Wayne McPhee
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Resource Constraints ◽  
Emerging Market ◽  
Firm Strategy ◽  
Chain Model ◽  
Activity Model ◽  
Content Type ◽  
Emerging Issues ◽  
The Impact

Purpose – The sustainable activity model re-envisions Porter's value chain to reflect the emerging impact of sustainability on firm strategy. The model helps to convert high level sustainability vision statements into a new set of actions that can create value from emerging issues like climate change, resource constraints, and a smaller, more connected world. Design/methodology/approach – The emergence and growth of sustainability, provides an opportunity to rethink traditional business models to better reflect current and emerging market conditions. Porter's value chain was adapted to reflect that: the value of a firm is based on more than just the profit margin and includes reputation, brand value and license to operate; sustainability can generate value by improving both internal and external engagement and collaboration; and the impact that the firm has on the outside world need to be included in firm strategy and decision making. Findings – The sustainable activity model is useful for focusing strategy on the material impacts of the firm rather than focusing on the issues that are most prevalent in the media or where managers have a particular interest. The model allows the firm to clearly set out new actions and new behaviors that change how the firm interacts with the world and how value is created. Originality/value – The sustainable activity model adapts the traditional value chain model to better fit the business issues that have emerged over the last 25 years and to prepare for a future that will continue to change at an ever increasing rate. Applying the model to strategy and business decisions will encourage new ways of thinking about value and generate new activities for creating value and enhancing the resilience of the firm against future changes as the sustainability trend continues to evolve.

scholarly journals Internet of Things based Customer Relationship Management – A Research Perspective

2018 ◽  
Vol 7 (2.7) ◽  
pp. 444 ◽  
Author(s):  
Samir Yerpude ◽  
Dr Tarun Kumar Singhal
Keyword(s):  
Internet Of Things ◽  
Real Time ◽  
Customer Relationship Management ◽  
Relationship Management ◽  
Mobile Internet ◽  
Customer Relationship ◽  
Time Data ◽  
Crm System ◽  
Real Time Data ◽  
The Impact

Objectives: To study the impact of Internet of things (IoT) on the Customer Relationship Management process and evaluate the benefits in terms of customer satisfaction and customer retention. Methods: An extensive literature review was conducting wherein the constructs of CRM and IoT are studied. Various preliminary information on IoT and CRM system along with the components of Digital enablers have been evaluated. References from research papers, journals, Internet sites, statistical data sites and books were used to collate the relevant content on the subject. The study of all the relevant scenarios where there is a possible impact of IoT origin real time data on CRM was undertaken. Findings: Customer demands are continuously evolving and it is very relevant for all the organizations to align and keep pace with the change. Organizations need to be customer centric and agile to the changing market scenarios. Evaluation of the trends in mobile internet vs desktop internet was also conducted to validate the findings. Application: The usage of real time data emerging out of the IoT landscape has become a reality with the data transmitted over the Internet and consumed by the CRM system. It improves the control on the customer relationship function helping the organizations to operate within healthy and sustained profit  

scholarly journals Internet of Things in the Context of Industry 4.0: An Overview

2019 ◽  
Vol 7 (1) ◽  
pp. 4-19 ◽  
Author(s):  
Georgios Lampropoulos ◽  
Kerstin Siakas ◽  
Theofylaktos Anastasiadis
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Life Quality ◽  
Intelligent Manufacturing ◽  
Global Network ◽  
Research Issues ◽  
Digital World ◽  
Physical Assets ◽  
The Impact

Abstract Due to successive technological advancements, developments and innovations, the global industrial landscape has drastically transformed over the last years. The fourth industrial revolution (Industry 4.0) aims at transforming traditional industries into intelligent ones by incorporating innovative technologies. Industry 4.0 enables physical assets to be integrated into intertwined digital and physical processes thus creating smart factories and intelligent manufacturing environments. Internet of Things (IoT) is a rapidly growing technology that has drastically contributed to the Industry 4.0 realization. IoT pursues to pervade our everyday environment and its objects, linking the physical to the digital world and allowing people and “things” to be connected anytime, anywhere, with anything and anyone ideally using any network and service. IoT is regarded as a dynamic and global network of interconnected “things” uniquely addressable, based on standard and interoperable communication protocols and with self-configuring capabilities. Despite still being at an early development, adoption and implementation stage, Industry 4.0 and IoT can provide a multitude of contemporary solutions, applications and services. Hence, they can improve life quality and yield significant personal, professional and economic opportunities and benefits in the near future. This study scrutinizes IoT in the Industry 4.0 context. More specifically, it presents related studies, describes the IoT concept and explores some of the numerous IoT application domains. Moreover, it presents and analyzes the concept of Industry 4.0 and the benefits it offers as well as the relevant key technologies (e.g. industrial internet of things (IIoT), cyber-physical systems (CPSs), cloud computing, big data and advanced data analytics). Furthermore, it describes the concept of intelligent manufacturing and highlights the main IoT and Industry 4.0 challenges and open research issues. Finally, the need for innovation in the industrial domain and the impact and benefits that IoT and Industry 4.0 provide to everyday life and industries is described.

scholarly journals Value Chain and Industry 4.0: A Learning from Sritex Experience

2020 ◽  
Vol 3 (3) ◽  
pp. 89-103
Author(s):  
Hani Sirine ◽  
Roos Kities Andadari
Keyword(s):  
Qualitative Research ◽  
Value Chain ◽  
Industry 4.0 ◽  
Annual Report ◽  
Secondary Data ◽  
Industry Sector ◽  
The Impact ◽  
Efficiency And Productivity ◽  
Technology Structure ◽  
Textile Products

The implementation of 'Industry 4.0' brings consequences to industry, market and economy, including Textile and Textile Products which is one of the leading sectors in Indonesian export products. The use of more efficient technologies into alternatives that need to be developed to encourage increased productivity and investment in the TPT industry sector. Sritex as one of the fastest growing textile companies has also implemented Industry 4.0. In this research, will be analyzed about the Sritex value chain, the application of Industry 4.0 on the Sritex value chain, and the impact of the application of the Industry 4.0. The type of this research is qualitative research, where data obtained through secondary data contained in company profile, annual report Sritex, and articles related to Sritex. The result of this research is the application of Industry 4.0 technology in the Sritex value chain affecting products and processes, and enabling increased efficiency and productivity of the company. Application of Industry 4.0 affects 3 (three) interactive components of the organization and is highly interdependent, among them technology, structure, and people along the Sritex value chain.

scholarly journals INTERNET OF THINGS IN THE CONTEXT OF INDUSTRY 4.0: AN OVERVIEW

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
Georgios Lampropoulos ◽  
Kerstin Siakas ◽  
Theofylaktos Anastasiadis
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Life Quality ◽  
Intelligent Manufacturing ◽  
Global Network ◽  
Research Issues ◽  
Digital World ◽  
Physical Assets ◽  
The Impact

Due to successive technological advancements, developments and innovations, the global industrial landscape has drastically transformed over the last years. The fourth industrial revolution (Industry 4.0) aims at transforming traditional industries into intelligent ones by incorporating innovative technologies. Industry 4.0 enables physical assets to be integrated into intertwined digital and physical processes thus creating smart factories and intelligent manufacturing environments. Internet of Things (IoT) is a rapidly growing technology that has drastically contributed to the Industry 4.0 realization. IoT pursues to pervade our everyday environment and its objects, linking the physical to the digital world and allowing people and “things” to be connected anytime, anywhere, with anything and anyone ideally using any network and service. IoT is regarded as a dynamic and global network of interconnected “things” uniquely addressable, based on standard and interoperable communication protocols and with self-configuring capabilities. Despite still being at an early development, adoption and implementation stage, Industry 4.0 and IoT can provide a multitude of contemporary solutions, applications and services. Hence, they can improve life quality and yield significant personal, professional and economic opportunities and benefits in the near future. This study scrutinizes IoT in the Industry 4.0 context. More specifically, it presents related studies, describes the IoT concept and explores some of the numerous IoT application domains. Moreover, it presents and analyzes the concept of Industry 4.0 and the benefits it offers as well as the relevant key technologies (e.g. industrial internet of things (IIoT), cyber-physical systems (CPSs), cloud computing, big data and advanced data analytics). Furthermore, it describes the concept of intelligent manufacturing and highlights the main IoT and Industry 4.0 challenges and open research issues. Finally, the need for innovation in the industrial domain and the impact and benefits that IoT and Industry 4.0 provide to everyday life and industries is described.

Impact of E-Governance on Businesses

2012 ◽  
pp. 1407-1425
Author(s):  
Naiyi Hsiao ◽  
Pin-yu Chu ◽  
Chung-pin Lee
Keyword(s):  
Impact Assessment ◽  
Value Chain ◽  
Feedback Mechanism ◽  
Chain Model ◽  
Key Factors ◽  
Factors Affecting ◽  
Effective Feedback ◽  
Information System Success ◽  
Information System Success Model ◽  
The Impact

The success of e-government policies and projects hinges on a robust assessment strategy that provides not only a valuable understanding of the impacts on stakeholders, but also an effective feedback mechanism for mid-course corrections. This study examines the antecedents of the impact assessment of e-governance in the context of an integrated model. The model incorporates a wide variety of important factors from previous research into a single theoretical framework provided by the e-government value chain model and the Information System success model. A government-to-business (G2B) case is utilized to operationalize the model into survey questions. The current chapter presents the results of the G2B survey and summarizes the key findings from the impact assessment of G2B. The knowledge gained from this study will help pave a path for future e-governance initiatives and improve our understanding of the key factors affecting the success of e-governance.

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