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.

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

2021 ◽  
pp. 1148-1163
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.

Digital Transformation in the Utilities Industry

2019 ◽  
pp. 304-330 ◽  
Author(s):  
Marcelo Teixeira de Azevedo ◽  
Alaide Barbosa Martins ◽  
Sergio Takeo Kofuji
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Treatment Plant ◽  
Water Treatment Plant ◽  
Digital Transformation ◽  
Fourth Industrial Revolution ◽  
Efficient Management ◽  
Industrial Internet ◽  
Management Of Resources ◽  
Third Industrial Revolution

Nowadays, there is a digital transformation in industry, which is being referred to as a new revolution, known as the fourth industrial revolution. Today, we are in the fourth industrial revolution, which strongly supports itself at enabling technologies, such as: Internet of Things (IoT), big data, cyber-physical systems (CPS) and cloud computing. These technologies are working cooperatively to promote a digital transformation in the forms of: Industry 4.0, Industrial Internet Consortium and Advanced Manufacturing. To meet these needs and as a proof of concept, a platform for digital transformation for a water issue is proposed with the objective of achieving an efficient management of resources linked to rational use of water. For the platform definition, a survey was performed of the process of a water treatment plant from the third industrial revolution and improved the process by applying the concepts of digital transformation to improve the new platform.

scholarly journals Maturity-Model for the Evaluation of Investments into IIoT

2019 ◽  
Vol 5 (1) ◽  
pp. 126
Author(s):  
Lennart Hammerström ◽  
Dirk Zwerenz
Keyword(s):  
Theoretical Model ◽  
Industrial Revolution ◽  
Business Case ◽  
Maturity Model ◽  
Investment Strategies ◽  
Industrial Internet Of Things ◽  
The Third ◽  
Fourth Industrial Revolution ◽  
Industrial Internet ◽  
Third Industrial Revolution

The transition from the second industrial revolution (electrification) to the third industrial revolution (automation) was accompanied by a transformation of economy into a science with a powerful mathematic foundation. The methods developed do have some inaccuracies, such as the assumption that logical agents drive the market, an assumption that was realized to be a failure in the models not long ago. The models were developed in a transition phase, while the industrial revolution took place. The models are currently not mature enough to support companies in their investment strategies for the fourth industrial revolution, the age of digitalization and interconnectedness. The purpose of this study is to create a theoretical model for the process of creating a business case for the investment in technologies within the Industrial Internet of Things (IIoT).

scholarly journals The Fourth Industrial Revolution: Opportunities and Challenges

2018 ◽  
Vol 9 (2) ◽  
pp. 90 ◽  
Author(s):  
Min Xu ◽  
Jeanne M. David ◽  
Suk Hi Kim
Keyword(s):  
Industrial Revolution ◽  
World Economic Forum ◽  
The Third ◽  
Fourth Industrial Revolution ◽  
Separate Event ◽  
The World ◽  
World Economic ◽  
Automate Production ◽  
Third Industrial Revolution ◽  
Industrial Revolutions

The fourth industrial revolution, a term coined by Klaus Schwab, founder and executive chairman of the World Economic Forum, describes a world where individuals move between digital domains and offline reality with the use of connected technology to enable and manage their lives. (Miller 2015, 3) The first industrial revolution changed our lives and economy from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. Oil and electricity facilitated mass production in the second industrial revolution. In the third industrial revolution, information technology was used to automate production. Although each industrial revolution is often considered a separate event, together they can be better understood as a series of events building upon innovations of the previous revolution and leading to more advanced forms of production. This article discusses the major features of the four industrial revolutions, the opportunities of the fourth industrial revolution, and the challenges of the fourth industrial revolution.

Digital Transformation in the Utilities Industry

2021 ◽  
pp. 838-865
Author(s):  
Marcelo Teixeira de Azevedo ◽  
Alaide Barbosa Martins ◽  
Sergio Takeo Kofuji
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Treatment Plant ◽  
Water Treatment Plant ◽  
Digital Transformation ◽  
Fourth Industrial Revolution ◽  
Efficient Management ◽  
Industrial Internet ◽  
Management Of Resources ◽  
Third Industrial Revolution

Nowadays, there is a digital transformation in industry, which is being referred to as a new revolution, known as the fourth industrial revolution. Today, we are in the fourth industrial revolution, which strongly supports itself at enabling technologies, such as: Internet of Things (IoT), big data, cyber-physical systems (CPS) and cloud computing. These technologies are working cooperatively to promote a digital transformation in the forms of: Industry 4.0, Industrial Internet Consortium and Advanced Manufacturing. To meet these needs and as a proof of concept, a platform for digital transformation for a water issue is proposed with the objective of achieving an efficient management of resources linked to rational use of water. For the platform definition, a survey was performed of the process of a water treatment plant from the third industrial revolution and improved the process by applying the concepts of digital transformation to improve the new platform.

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.

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

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.

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