The Fourth Industrial Revolution and the Internet of Things

2020 ◽  
pp. 1-19
Keyword(s):  
Internet Of Things ◽  
Industrial Revolution ◽  
The Internet ◽  
Future Trends ◽  
Fourth Industrial Revolution ◽  
The Past ◽  
Disruptive Innovations ◽  
The Internet Of Things ◽  
Industrial Revolutions

History has always been a great indicator of past behaviour as well as of future trends. However, when you think of what future jobs may look like, you do not certainly expect to find a plausible response in the past. Technologies and scientific advancements in general make it almost impossible to predict what you will be required to know in order to get—or maintain—your job in the next six months, let alone in the next couple of years. Whilst disruption seems such a new concept nowadays, we will learn that disruptive innovations have always been part of our story. The authors look at the major industrial revolutions known to humans and discuss patterns to help us prepare for the forthcoming future.

scholarly journals Innovation–diffusion, the economy and contemporary challenges: a comment

2020 ◽  
Vol 29 (4) ◽  
pp. 1067-1073
Author(s):  
Jan Fagerberg ◽  
Bart Verspagen
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Innovation Diffusion ◽  
Industrial Revolution ◽  
The Internet ◽  
Capitalist Development ◽  
Fourth Industrial Revolution ◽  
Recent Developments ◽  
The Internet Of Things

Abstract According to Christopher Freeman technological revolutions play a key role in capitalist development. In this article, we ask to what extent more recent developments are consistent with the perspective advanced by Freeman. We focus on two issues in particular, the climate challenge and what has been dubbed “A Fourth Industrial Revolution” that is, advances in artificial intelligence and the proliferation of the internet of things.

scholarly journals IMPROVEMENT OF THE ECONOMIC MECHANISM OF RENDERING INDUSTRIAL SERVICES IN THE CONTEXT OF INCREASING THE COMPETITIVENESS OF INDUSTRIAL ENTERPRISES OF THE REPUBLIC OF BELARUS

2019 ◽  
pp. 169-180
Author(s):  
Yu. MELESHKO
Keyword(s):  
Internet Of Things ◽  
Industrial Revolution ◽  
The Internet ◽  
Industrial Services ◽  
Economic Mechanism ◽  
Industrial Enterprises ◽  
Fourth Industrial Revolution ◽  
The Republic ◽  
The Internet Of Things ◽  
Practical Recommendations

The article is devoted to the development of theoretical and methodological foundations of the economic mechanism of providing industrial services as a way to improve the competitiveness of industrial enterprises. The importance of industrial services in improving the competitiveness of industrial enterprises (in the context of the fourth industrial revolution), the state and structure of the sector of these services in the Republic of Belarus are shown. The features of the development of the Internet of Things are considered, the specifics of the economic mechanism for the provision of industrial services and the existing trends in their development in the Republic of Belarus are shown. The directions for improving the economic mechanism for the provision of industrial services in the Republic of Belarus have been identified and practical recommendations have been made for its improvement in the context of the modernization of the national economy.

Emerging Auditing Perspectives in the Age of the Fourth Industrial Revolution

2021 ◽  
pp. 999-1014
Author(s):  
Mahmut Sami Ozturk
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Methodological Approach ◽  
The Internet ◽  
Fourth Industrial Revolution ◽  
The Internet Of Things

The purpose of this chapter is to investigate the role of audit activities and auditors in Industry 4.0. The preferred methodological approach in the study is a general analysis of auditing in Industry 4.0 in the form of a literature review. According to the purpose of the study, the effect and role of auditing big data, the internet of things, the cloud, artificial intelligence, and other components in Industry 4.0 are investigated. Furthermore, auditing activities that can be implemented in Industry 4.0 are presented as suggestions in the study. The study explains the role of auditing as a whole in Industry 4.0 as a consequence of examining audit activities for each component in Industry 4.0.

Emerging Auditing Perspectives in the Age of the Fourth Industrial Revolution

2019 ◽  
pp. 172-187
Author(s):  
Mahmut Sami Ozturk
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Methodological Approach ◽  
The Internet ◽  
Fourth Industrial Revolution ◽  
The Internet Of Things

The purpose of this chapter is to investigate the role of audit activities and auditors in Industry 4.0. The preferred methodological approach in the study is a general analysis of auditing in Industry 4.0 in the form of a literature review. According to the purpose of the study, the effect and role of auditing big data, the internet of things, the cloud, artificial intelligence, and other components in Industry 4.0 are investigated. Furthermore, auditing activities that can be implemented in Industry 4.0 are presented as suggestions in the study. The study explains the role of auditing as a whole in Industry 4.0 as a consequence of examining audit activities for each component in Industry 4.0.

Highly Relevant Digital Technologies

2018 ◽  
pp. 1-20
Keyword(s):  
Cloud Computing ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Predictive Analytics ◽  
Digital Technologies ◽  
The Internet ◽  
Fourth Industrial Revolution ◽  
Super Computer ◽  
Pros And Cons ◽  
The Internet Of Things

Chapter 1 explores digital technologies that are fundamental to the Fourth Industrial Revolution implementation. The technologies discussed are “Cloud Computing and Predictive Analytics”, “The Internet of Things (IoT)”, “Super-Computers”, “IBM's ‘Watson' Super-Computer”, and “Super-Computers: in General”. The authors strongly recommend that all stakeholders become familiar with the fundamental technology of cloud computing, and the business benefits of cloud computing and of predictive analytics. The internet of things (IoT) is a particularly significant actor in the Fourth Industrial Revolution. This chapter provides an overview of the IoT. A careful reading of this chapter is essential for all stakeholders in order that to appreciate both the pros and cons of the IoT.

Internet of Things as Engine of Economic Growth in Indonesia

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Bambang Widagdo ◽  
Mochamad Rofik
Keyword(s):  
Economic Growth ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
The Internet ◽  
Economic Diversification ◽  
Great Opportunity ◽  
Economic Basis ◽  
Network Quality ◽  
The Internet Of Things

The economic diversification concept gives hope for a country with rich natural resources to strengthen its economic basis. Thus industrial revolution era of 4.0 provides great opportunity to fasten the process. A study by McKensey in 2011 proved that the internet in the developing country contributes around 3.4% towards its GDP which means that the internet has become a new hope for the economy in the future. Indonesia is one of the countries that is attempting to maximize the role of the Internet of Things (IoT) for its economic growth.� The attempt has made the retail and tourism industries as the two main sectors to experience the significant effect of IoT. In the process of optimizing the IoT to support the economic growth, Indonesia faces several issues especially in the term of the internet network quality and its distribution, the inclusive access of financial access and the infrastructure

Open Issues and Security Challenges of Data Communication Channels in Distributed Internet of Things (IoT): A Survey

2018 ◽  
Vol 3 (1) ◽  
pp. 22-32 ◽  
Author(s):  
Ernest Ezema ◽  
Azizol Abdullah ◽  
Nor Fazlida Binti Mohd
Keyword(s):  
Internet Of Things ◽  
Radio Frequency Identification ◽  
Industrial Revolution ◽  
Security And Privacy ◽  
The Internet ◽  
Ongoing Research ◽  
Advantages And Disadvantages ◽  
Exchange Information ◽  
The Internet Of Things ◽  
Open Issues

The concept of the Internet of Things (IoT) has evolved over time. The introduction of the Internet of Things and Services into the manufacturing environment has ushered in a fourth industrial revolution: Industry 4.0. It is no doubt that the world is undergoing constant transformations that somehow change the trajectory and history of humanity. We can illustrate this with the first and second industrial revolutions and the information revolution. IoT is a paradigm based on the internet that comprises many interconnected technologies like RFID (Radio Frequency Identification) and WSAN (Wireless Sensor and Actor Networks) to exchange information. The current needs for better control, monitoring and management in many areas, and the ongoing research in this field, have originated the appearance and creation of multiple systems like smart-home, smart-city and smart-grid. The IoT services can have centralized or distributed architecture. The centralized approach provides is where central entities acquire, process, and provide information while the distributed architectures, is where entities at the edge of the network exchange information and collaborate with each other in a dynamic way. To understand the two approaches, it is necessary to know its advantages and disadvantages especially in terms of security and privacy issues. This paper shows that the distributed approach has various challenges that need to be solved. But also, various interesting properties and strengths. In this paper we present the main research challenges and the existing solutions in the field of IoT security, identifying open issues, the industrial revolution and suggesting some hints for future research.

The evolution of the Internet of Things (IoT) over the past 20 years

2021 ◽  
Vol 155 ◽  
pp. 107174 ◽  
Author(s):  
Jianxin Wang ◽  
Ming K. Lim ◽  
Chao Wang ◽  
Ming-Lang Tseng
Keyword(s):  
Internet Of Things ◽  
The Internet ◽  
The Past ◽  
The Internet Of Things

scholarly journals Innovative Experiment Platform Design and Teaching Application of the Internet of Things

2015 ◽  
Vol 11 (6) ◽  
pp. 28 ◽  
Author(s):  
Ken Cai ◽  
Fenglian Tie ◽  
Haoran Huang ◽  
Hanhui Lin ◽  
Huazhou Chen
Keyword(s):  
Internet Of Things ◽  
Graduate Programs ◽  
The Internet ◽  
Synthetic Experiment ◽  
Experiment Platform ◽  
The Past ◽  
University Of Technology ◽  
Practice Teaching ◽  
The Internet Of Things ◽  
Teaching Experiments

By analyzing the current situation of experimental platforms which is based on the Internet of Things (IOT) and the cultivation of talents, we established the talents' cultivating orientation and experiment platform for innovation. In accordance with the requirements of a students' practical and creative ability curriculum, the method of modularization was adopted to design this platform. With this, the platform can basically satisfy the needs of the varying teaching experiments, which can increase opportunities for the students on their comprehensive application. The platform was widely used in experimental and practice teaching in the past three years, such as synthetic experiment, graduate programs, and practice project in Zhongkai University of Agriculture and Engineering, Guilin University of Technology etc. Result shows that the innovation experimental platform has broad application prospects, and effectiveness to meet the requirements of students' in-depth learning and research of IOT technologies. Meanwhile, the platform expanded the students' basic understanding of IOT and improved their innovation.

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