Challenges Facing Technology Standardization in the Age of Digital Transformation

2021 ◽  
pp. 1839-1850
Author(s):  
Brian McAuliffe
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Manufacturing ◽  
Optimum Level ◽  
Fourth Industrial Revolution ◽  
Rapid Transition ◽  
Market Intervention ◽  
Technology Standardization

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.

Challenges Facing Technology Standardization in the Age of Digital Transformation

2019 ◽  
pp. 34-45
Author(s):  
Brian McAuliffe
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Manufacturing ◽  
Optimum Level ◽  
Fourth Industrial Revolution ◽  
Rapid Transition ◽  
Market Intervention ◽  
Technology Standardization

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.

Implications of Digital Transformation on the Strategy Development Process for Business Leaders

2020 ◽  
pp. 1-43
Author(s):  
Theunis Gert Pelser ◽  
Garth Gaffley
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
Simulation Models ◽  
Digital Economy ◽  
Digital Transformation ◽  
Strategy Development ◽  
Skill Sets ◽  
Fourth Industrial Revolution ◽  
Use Of Technology ◽  
Third Industrial Revolution

What the internet with its connectivity did to facilitate the third industrial revolution, cloud computing and artificial intelligence have done for the fourth industrial revolution. Technology is changing the world at an alarming rate, which includes products and services that require scale to manage the growing demands of an ever-changing and increasing population. Digital transformation is enabled through cloud technology where human comprehension cannot cope with the size and speed of data required to manage a business in the digital economy. Artificial intelligence and machine learning assist in activities to overcome human limitation, using algorithms to develop predictive and simulation models and scale to provide data for decision making. The technologies employed to run and execute these require skill and resource. The challenge for the modern-day CEO is that the use of technology and its demand in the digital economy of the Fourth Industrial Revolution is not fully understood by them due to their digital skill level and managing the generational skill sets in their structure.

Records Management in the Fourth Industrial Revolution

2021 ◽  
pp. 1-24
Author(s):  
Adeyinka Tella ◽  
Oluwakemi Titilola Olaniyi ◽  
Aderinola Ololade Dunmade
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Records Management ◽  
Technological Advancement ◽  
Fourth Industrial Revolution ◽  
Industrial Revolutions ◽  
The Way

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.

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.

Cybersecurity Issues and Challenges in Industry 4.0

2021 ◽  
pp. 1836-1852
Author(s):  
Ravdeep Kour
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Online Monitoring ◽  
Cognitive Computing ◽  
Fourth Industrial Revolution ◽  
Entry Points ◽  
Iot Devices

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.

The Fourth Revolution

2021 ◽  
pp. 240-257
Author(s):  
Danielle Kadlec ◽  
Viviana D'Angelo ◽  
Francesca Capo
Keyword(s):  
Artificial Intelligence ◽  
Computer Science ◽  
Industrial Application ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Human Intelligence ◽  
Industrial System ◽  
Fourth Industrial Revolution

Technological breakthroughs are the reasons for industrial revolution to occur. However, it may take time to exert its effects on social and technological domains. Artificial intelligence is the branch of computer science which tries to replicate human intelligence in machines that are programmed to think like humans and mimic their actions. It is acquiring increasing importance in industrial application, revolutionizing the entire industrial system enough to be referred as “Fourth Industrial Revolution.” This chapter describes the impacts of artificial intelligence on the economy and society at large. Specifically, it analyzes the enablers and barriers behind the automatization of the working force and how the digital transformation may entail opportunities and challenges for the current economic and working dynamics as well as for society in general.

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.

Cybersecurity Issues and Challenges in Industry 4.0

2020 ◽  
pp. 84-101
Author(s):  
Ravdeep Kour
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Online Monitoring ◽  
Cognitive Computing ◽  
Fourth Industrial Revolution ◽  
Entry Points ◽  
Iot Devices

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.

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.

DEVELOPING THE SCIENTIFIC MAGAZINE IN THE PERIOD OF THE FOURTH INDUSTRIAL REVOLUTION 4.0

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Nguyen Duy Dung
Keyword(s):  
Artificial Intelligence ◽  
Information Technology ◽  
Industrial Revolution ◽  
Scientific Journal ◽  
Publishing Research ◽  
The Other ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
Socio Economic Development ◽  
International Scientific Journal

Characteristics of the industrial revolution 4.0 is the wide application of high-tech achievements, especially information technology, digitalization, artificial intelligence, network connections for management to create sudden changes in socio-economic development of many countries. Therefore, to reach the high-tech time, many magazines in Vietnam have changed dramatically, striving to reach the international scientific journal system of ISI, Scopus. The publication of international standard scientific journal will meet the demand of publishing research results of local scientists, on the other hand contribute to strengthening exchange, cooperation, international integration in science and technology.

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