Industry 4.0 From a Management Perspective

2022 ◽  
pp. 1-18
Author(s):  
Ilknur Taştan Boz ◽  
Özden Ibrahimağaoğlu
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Organizational Structures ◽  
Transformation Process ◽  
Management Perspective ◽  
Fundamental Transformation ◽  
Transformation Processes ◽  
The Internet Of Things

Industries have undergone three fundamental transformation processes that were revolutionary. Following these processes, industries have been confronted with the phenomenon of Industry 4.0, known as the 4th Industrial Revolution, that is acknowledged as a new transformation process. The basic dynamics of this phenomenon include smart robots, simulation, the internet of things, cloud, additive manufacturing, and big data. It is of utmost importance for businesses that are involved in this process, that are new and trying to adapt to the process, to be prepared and adapt to the effects of Industry 4.0 dynamics. These dynamics lead to significant developments in business models, business processes, organizational structures, employees, and human resource processes. When Industry 4.0 and its dynamics are evaluated in general, businesses that follow the process and make necessary managerial adjustments will be ahead of the competition.

scholarly journals Knowledge management strategies in companies: Trends and the impact of Industry 4.0

Upravlenets ◽  
2020 ◽  
Vol 11 (4) ◽  
pp. 82-96
Author(s):  
Maksim Kolyasnikov ◽  
Natalya Kelchevskaya
Keyword(s):  
Knowledge Management ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Management Strategies ◽  
Practical Significance ◽  
Strategic Vision ◽  
Intelligent Technology ◽  
The Impact

The existing business models essential for the creation of consumer value and, consequently, business competitiveness are now undergoing a transformation. Brand-new technological developments based on network integration, intelligent technology and flexible automation are becoming increasingly relevant: additional competitive opportunities appear, and knowledge management and intellectual capital management are becoming key business processes. When developing a strategic vision, it is important for companies to pick the relevant data out of the information flow about the external and internal environment and convert it into organizational knowledge, which is a core management resource. The paper analyses the experience of Russian and foreign companies in the introduction of scalable models focused on the widespread use of Industry 4.0 and establishes the principles and strategies of knowledge management that allow these companies to maintain their competitive positions in a strategic perspective. The theory of knowledge management and resource approach constitute the methodological framework of the present study. The general scientific methods of logical-structural analysis and systematization, as well as the contingency case study method were applied. The information base encompasses the case studies of six companies, retrieved from publicly available sources. The findings of the empirical research prove the feasibility of applying a situational approach to knowledge management: companies use different strategies for accumulating and sharing knowledge according to their maturity level and the area of implementation of Industry 4.0. Based on the results obtained, the authors develop a situational approach to the strategic knowledge management of companies that successfully apply the technologies of the Fourth Industrial Revolution. The theoretical and practical significance of the study lies in identifying common approaches to knowledge management under various conditions, which can be used to create the strategic vision of managers involved in the key decision-making process in companies.

scholarly journals Diseño de un Modelo Predictivo en el Contexto Industria 4.0

2018 ◽  
Vol 3 (1) ◽  
pp. 543
Author(s):  
Inés Sittón Candanedo ◽  
Sarah Rodríguez González ◽  
Lilia Muñoz
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Transformation Process ◽  
Disruptive Technologies ◽  
Bayes Algorithm ◽  
Using Data ◽  
Maintenance Model ◽  
The Internet Of Things

The Internet of Things (IoT), the development and installation of advanced sensors for data collection, computer solutions for remote connection and other disruptive technologies are marking a transformation process in the industry; giving rise to what various sectors have called the fourth industrial revolution or Industry 4.0. With this process of change, organizations face both new opportunities and challenges. This article focuses on the modeling and integration of industrial data, generated by sensors installed in machines. The extraction of patterns is proposed, using data fusion techniques that allow the design of a predictive maintenance model. Finally, a case study is presented with a database that is applied to the Naive Bayes Algorithm to obtain predictions.Keywords: Industry 4.0, Sensors, Internet of Things, Pattern Extraction, Omnibus Models. 

LOGISTICS CONCEPTS AND LOGISTICS 4.0

2019 ◽  
Vol 12 (1) ◽  
pp. 37-46
Author(s):  
Elke Glistau ◽  
Norge Isaias Coello Machado
Keyword(s):  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
Transformation Process ◽  
Research Approach ◽  
Smart Logistics ◽  
Common Trend ◽  
Control Regulation ◽  
New Business ◽  
New Research

The paper describes the terms Industry 4.0 and Logistics 4.0 as two of the most important trends in production and logistics. Industrie 4.0 (Industry 4.0) is a German term and a synonym for the fourth industrial revolution. It is connected with the common trend of digitalization, virtualization and networking of data and information. The term Logistics 4.0 brands the specific application of Industry 4.0 in the area of logistics. Therefore a new research approach was developed the “Smart Logistics Zone” (SLZ) by Fraunhofer IFF and Otto von Guericke University Magdeburg. This is defined as a scalable examination and action area for the analysis, evaluation, planning, control, regulation and (re-) configuration of logistics solutions [1]. The Smart Logistics Zone differs into logistics objects, logistics processes, logistical systems and logistics infrastructure. Every logistics solution should be built by using all of these four aspects in a free combination by increasing dynamics and complexity. Industry 4.0 and Logistics 4.0 create new business processes. The question is, how will they change the traditional logistics concepts and strategies? The paper answers the following research questions: What are solutions of Logistics 4.0? Are there any successful realized solutions, which optimize logistics at a whole? Which requirements on logistics management will exist according to the criteria of Industry 4.0/Logistics 4.0? Are the classic logistics strategies still valid according to the digital transformation process?

Digital methods and tools for chemical equipment and plants

2019 ◽  
Vol 4 (9) ◽  
pp. 1522-1529 ◽  
Author(s):  
Norbert Kockmann
Keyword(s):  
Internet Of Things ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Chemical Equipment ◽  
Process Industry ◽  
The Internet ◽  
Digital Methods ◽  
The Internet Of Things ◽  
And Training

The Internet of Things (IoT), Industry 4.0, and the digitalization of business processes offer new opportunities and business models for the process industry, including education and training.

scholarly journals Required competencies for successful digital transformation

Ekonomika ◽  
2020 ◽  
Vol 66 (3) ◽  
pp. 47-54
Author(s):  
Vanja Erceg ◽  
Tihomir Zoranović
Keyword(s):  
Intellectual Capital ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Global Market ◽  
Digital Transformation ◽  
Business Culture ◽  
Fourth Industrial Revolution ◽  
Digital Strategy ◽  
The Internet Of Things

In the middle of the Fourth Industrial Revolution there is a digital transformation that will completely change our understanding of business. The development of Industry 4.0 with technologies such as Cloud computing, the Internet of Things, and artificial intelligence will significantly impact on current business models. In order to successfully implement the digital transformation and survive in the global market, companies must own adequate intellectual capital. Apart from technical skills, employees will need to adapt to the new digital strategy, organizational structure, and business culture. In response to this trend, there is a need to establish new professions in companies. The aim of this paper is to try to find the answers to the next questions: which professions are needed to be introduced to companies that are digitally transformed and what is their role, as well as what competencies are necessary for company executives to successfully slow down digital transformation.

scholarly journals DIGITAL TRANSFORMATIONS IN THE CONDITIONS OF INDUSTRY 4.0 DEVELOPMENT

2021 ◽  
Vol 3 (38) ◽  
pp. 420-426
Author(s):  
O. Savytska ◽  
V. Salabai
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Cloud Services ◽  
Gradual Transition ◽  
Business Entities ◽  
Definition Of

Abstract. The article considers and analyzes the importance and main scientific approaches to determining the essence of digital transformation in the conditions of Industry 4.0 development. The opinions of domestic and foreign scientists on the definition of the essence of this concept are presented and it is determined that digitalization has an important role in the activities of modern enterprises. The definition of «digitalization» is proposed, that means the process of transition to digital business, which is the use of digital technologies to change business processes in the company and provide new opportunities for additional income and development prospects of business entities. It is determined that digitalization is a very popular and necessary process of transition to new business models in the activities of companies. The essence of the category «Industry 4.0» is considered and the main technologies and tools that contribute to the gradual transition to digitalization are presented. It is noted that Industry 4.0 is part and a leading trend of the Fourth Industrial Revolution. It is investigated that the transition to Industry 4.0 using digital tools is quite a trend, as these key technologies such as IoT, Big Data, cloud services, artificial intelligence today play a key role in the process of digitalization of companies. The main recommendations for adapting the business to digital transformations are given. The key directions of the development of digital technologies of Industry 4.0 are considered and presented. The industries that need digital transformation and those areas of business that are actively implementing digital products in their activities are identified. It was also found that the use of digitalization processes allows companies to optimize existing business models, gain new opportunities for business development, expand the scope of activities, and have tools to increase their efficiency and competitiveness. Keywords: digital transformation, digitalization­, digital technologies, Industry 4.0. JEL Classification O39, O33 Formulas: 0; tabl.: 1; fig.: 2; bibl.: 16.

Industry 4.0 initiatives in EU countries: experience for Ukraine

2020 ◽  
pp. 65-70
Author(s):  
Nataliya Ryvak ◽  
Anna Kernytska
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Successful Implementation ◽  
Industrial Complex ◽  
Interconnected System ◽  
Industrial Transformation ◽  
Eu Countries ◽  
European Experience ◽  
High Level

In this paper, digital technologies development was analyzed as the basis for the so-called “fourth industrial revolution” with the potential for the qualitative transformation of the Ukrainian economy based on EU countries’ experience. Industry 4.0 is a new control chain over the entire chain of creating value throughout the product lifecycle. When developing an economic policy, it is important to pay attention to Industry 4.0. It increases productivity, produces new, better, and individualized products, and implements new business models based on “undermining” innovations. A comparative analysis of national initiatives I4.0 with their characteristics according to the main dimensions, including funding, focus, direction, was conducted. Particular attention was paid to considering deterrents to the successful implementation and enforcement of the I4.0 initiative in European countries. The factors of successful implementation of I4.0 initiatives in the EU countries were analyzed. Drawing on the analysis of the European experience of digital transformations in industry and national economies in general, the necessity of critical focus of such transformations in Ukraine was highlighted, and the need for state support of industrial transformation was substantiated. The emphasis was placed on the cooperation development between stakeholders within the implementation of Industry 4.0 – it is necessary to create national and regional 4.0 platforms, following the example of EU countries, which would bring together government institutions, businesses, and academics. The successful positioning of the Ukrainian modern industrial complex on the world markets depends on the high level of the interconnected system providing factors that characterize its development process. Considering the influence of a list of inhibiting factors on implementing the country’s industry accelerated development, a set of measures needed to transform Ukraine’s industry based on European experience was substantiated.

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.

scholarly journals How connectivity and search for producers impact production in Industry 4.0 networks

2018 ◽  
Vol 15 (4) ◽  
pp. 528-534
Author(s):  
Adriano Pereira ◽  
Eugênio De Oliveira Simonetto ◽  
Goran Putnik ◽  
Helio Cristiano Gomes Alves de Castro
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Cyber Physical Systems ◽  
Average Degree ◽  
Collaborative Networks ◽  
Production Network ◽  
Simulation Environment ◽  
Physical Systems ◽  
Study Results ◽  
The Internet Of Things

Technological evolutions lead to changes in production processes; the Fourth Industrial Revolution has been called Industry 4.0, as it integrates Cyber-Physical Systems and the Internet of Things into supply chains. Large complex networks are the core structure of Industry 4.0: any node in a network can demand a task, which can be answered by one node or a set of them, collaboratively, when they are connected. In this paper, the aim is to verify how (i) network's connectivity (average degree) and (ii) the number of levels covered in nodes search impacts the total of production tasks completely performed in the network. To achieve the goal of this paper, two hypotheses were formulated and tested in a computer simulation environment developed based on a modeling and simulation study. Results showed that the higher the network's average degree is (their nodes are more connected), the greater are the number of tasks performed; in addition, generally, the greater are the levels defined in the search for nodes, the more tasks are completely executed. This paper's main limitations are related to the simulation process, which led to a simplification of production process. The results found can be applied in several Industry 4.0 networks, such as additive manufacturing and collaborative networks, and this paper is original due to the use of simulation to test this kind of hypotheses in an Industry 4.0 production network.

scholarly journals Pentingnya Membangun Platform Kolaborasi Multi-Stakeholder sebagai Key Enabling Factor dalam Membangun Ekosistem Inovasi Industri 4.0 di Era New Normal

2021 ◽  
Vol 6 (1) ◽  
pp. 67
Author(s):  
Satrio Utomo ◽  
Agus Nugroho Harjono
Keyword(s):  
Industry 4.0 ◽  
Industrial Development ◽  
Industrial Revolution ◽  
Transformation Process ◽  
Point Of View ◽  
Industrial Transformation ◽  
Program Manager ◽  
National Priority ◽  
Industry Policy ◽  
Multi Stakeholder

Industry 4.0 is an era of technological disruption or industrial revolution 4.0 because it puts more emphasis on system automation and connectivity which will make the mobility of the industrial world movement and  job competition non-linear . The use of digital technology is one of the keys. Industry opportunities for industrial development 4.0 are an effort to increase industrial competitiveness, but many industries do not yet understand the concept and how to start the stages. One of the ways proposed as a policy in preparing industry 4.0 should be taken a multi-stakeholder collaborative approach to facilitate development, including gathering digital transformation initiatives so that limited resources can be optimal. As a form of soft industry policy, a platform organization is also needed as a sustainable program manager and provides technical facilities. From a technical point of view, it is necessary to prepare enabling technology that can be utilized by all actors in the cross-sectoral digital economy in an affordable manner. The Ecosystem Platform becomes a medium to be able to build synergy and collaborative across industries with all stakeholders in an effort to accelerate the transformation of industry 4.0 according to the national priority program of Making Indonesia 4.0. In line with that, coordination was carried out between parties in the industrial transformation 4.0 process, as well as building networks to develop positive cooperation, including government, academics or R&D, industry players / associations, technical providers, consultants and of course financial actors in accelerating the industrial transformation process 4.0.

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