Records Management in the Fourth Industrial Revolution

Author(s):  
Adeyinka Tella ◽  
Oluwakemi Titilola Olaniyi ◽  
Aderinola Ololade Dunmade

The chapter looked at records management in the fourth industrial revolution (4IR) with the challenges and the way forward. The chapter discussed the industrial revolutions, records management, and the fourth industrial revolution (4IR), and described the advancement in records management in the 4IR based on the 4IR tools and technologies including artificial intelligence, blockchain, internet of things (IoT), robotics, and big data. The chapter also identified and discussed the benefits of technological advancement in the management of records; challenges of records management at the wake of 4IR and charted the way forward. In the context of document and records management, and taking into account all characteristics of the 4IR technologies and tools as well as its underlying technologies and concepts, the chapter concluded that the 4IR tools can be used to save time to create and process records, secure records from being damaged or destroyed, confirm the integrity of records, among others.

Author(s):  
Mahmut Sami Ozturk

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.


Author(s):  
Mahmut Sami Ozturk

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.


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.


2020 ◽  
Vol 29 (4) ◽  
pp. 1067-1073
Author(s):  
Jan Fagerberg ◽  
Bart Verspagen

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.


2020 ◽  
Author(s):  
Hendro Wicaksono

The preprint is a presentation about the contributions of Muslim scientists to technology enabling the fourth industrial revolution. First, the presentation illustrates the industrial revolutions and their enabling technologies, and then it focuses on the industry 4.0 technologies by highlighting the history of artificial intelligence. It continues with the flashback of the contributions of scientists from the Islamic Golden Age to technologies used in industry 4.0, such as mechanics, automation, robotics, and IT. The presentation presents the works of Banu Musa, Al-Jazari, and Al-Khawarizm. Then, the presentation gives an overview of the implications of industry 4.0 on business, education, entrepreneurship, and leadership. Finally, the presentation presents the challenges and opportunity of current Muslim scientists and communities in facing the industry 4.0 era.


2019 ◽  
Vol 24 (4) ◽  
pp. 303-307 ◽  
Author(s):  
Gabriela-Maria Man ◽  
Mihaela Man

Abstract The beginning of the twenty-first century represents the beginning of the Fourth Industrial Revolution, which, unlike its predecessors, is characterized by great digitalization, higher connections between physical things and the virtual world, the development of genetics, artificial intelligence, hyper connectivity. These characteristics have generated many changes in the way work is performed. In order to meet these challenges, employees must increase their flexibility in the way they perceive work time, wages, tasks, workspace and so on. And, in an era of technology and digitalization, employees must keep their skills and knowledge, related to new technology, up to date. Several other aspects related to employability will be discussed in this article.


Author(s):  
Brian McAuliffe

It is widely recognized that we are in rapid transition to the so-called fourth industrial revolution, a world of digitalization and mass interconnectedness enabled by a plethora of emergent powerful technologies including artificial intelligence (AI), internet of things (IoT), and distributed ledgers (DLT). A key element of this “revolution” is the move to digital manufacturing. While undoubtedly exciting, this transition presents challenges to policymakers, industry, and societal stakeholders alike. One such challenge is defining an optimum level for any market intervention measure(s), such that a balance is struck between ensuring a pro-industrial and economic innovation-friendly approach and guaranteeing adequate levels of consumer-focused protection. Standardization can be leveraged as one element of interventionary policy designed to help strike the required balance, both in its well-proven bottom-up and industry-led voluntary application and as a tool to support implementation of regulations. With a focus on digital transformation, this chapter will analyze the readiness of the current standardization system to support this significant transition focusing on strengths and challenges to be addressed from the perspective of industry, policymakers, and standards-setting organizations.


Author(s):  
Brian McAuliffe

It is widely recognized that we are in rapid transition to the so-called fourth industrial revolution, a world of digitalization and mass interconnectedness enabled by a plethora of emergent powerful technologies including artificial intelligence (AI), internet of things (IoT), and distributed ledgers (DLT). A key element of this “revolution” is the move to digital manufacturing. While undoubtedly exciting, this transition presents challenges to policymakers, industry, and societal stakeholders alike. One such challenge is defining an optimum level for any market intervention measure(s), such that a balance is struck between ensuring a pro-industrial and economic innovation-friendly approach and guaranteeing adequate levels of consumer-focused protection. Standardization can be leveraged as one element of interventionary policy designed to help strike the required balance, both in its well-proven bottom-up and industry-led voluntary application and as a tool to support implementation of regulations. With a focus on digital transformation, this chapter will analyze the readiness of the current standardization system to support this significant transition focusing on strengths and challenges to be addressed from the perspective of industry, policymakers, and standards-setting organizations.


Author(s):  
Ravdeep Kour

The convergence of information technology (IT) and operational technology (OT) and the associated paradigm shift toward fourth industrial revolution (aka Industry 4.0) in companies has brought tremendous changes in technology vision with innovative technologies such as robotics, big data, cloud computing, online monitoring, internet of things (IoT), cyber-physical systems (CPS), cognitive computing, and artificial intelligence (AI). However, this transition towards the fourth industrial revolution has many benefits in productivity, efficiency, revenues, customer experience, and profitability, but also imposes many challenges. One of the challenges is to manage and secure large amount of data generated from internet of things (IoT) devices that provide many entry points for hackers in the form of a threat to exploit new and existing vulnerabilities within the network. This chapter investigates various cybersecurity issues and challenges in Industry 4.0 with more focus on three industrial case studies.


Author(s):  
Alexander Vestin ◽  
Kristina Säfsten ◽  
Malin Löfving

A fourth industrial revolution is prophesied, and there is a potential for the industrialized world to proactively adapt suitable practices. Despite the large interest from both industry and academia, a drawback with the vast literature on initiatives that tap into the fourth industrial revolution, Industry 4.0 and alike, is the fuzziness when it comes to terminology and content. The terms are mixed up, and sometimes used interchangeable and the constituent parts are not fully described. The purpose of this paper is to present the content of initiatives related to the fourth industrial revolution in a structured manner. This is expected to support understanding for the content of the fourth industrial revolution and thereby facilitate the transformation. The results presented in this paper is based on a traditional literature review. In total 13 relevant review papers were identified. The identified papers were analyzed, and a framework was developed including technologies and design principles. In total, eleven technologies and twelve design principles were identified for Industry 4.0. The most frequently occurring technologies were Cyber physical systems, Internet of Things, and Big data. The most frequently occurring design principles were Smart factory, Service orientation and Sustainability and resource efficiency. A categorization of the content into technologies and design principles clarify and structures the content of Industry 4.0. The developed framework can support academics in identifying, describing, and selecting Industry 4.0 scenarios for further investigations. For practitioners, the framework can give a basic understanding and some guidance in their implementation journey of Industry 4.0.


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