Competency Framework for the Fourth Industrial Revolution

2021 ◽  
pp. 359-379
Author(s):  
Mustafa Kemal Topcu
Keyword(s):  
Human Resources ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Technological Development ◽  
Empirical Studies ◽  
Business Environment ◽  
Digital Transformation ◽  
Competency Framework ◽  
Fourth Industrial Revolution ◽  
Starting Point

Today's business environment is described with volatility, uncertainty, complexity, and ambiguity. In order for organizations to survive in the fourth industrial revolution characterized by continuously changing resulted from digital transformation and technological development, it is critical to identify a vision, to attract qualified human resources, to motivate them, to allocate resources to complete the mission, and to speed activities up to achieve the desired end state. It is of great significance to analyze the organization and create a competency framework to harbor all relevant steps to move the organization further. Therefore, this study aims at drawing attention to competency framework for the Industry 4.0 environment. There is no doubt that a standard competency framework for the fourth revolution may not be proposed. However, as a starting point, a generalized competency framework is proposed as a sample for further conceptual and empirical studies.

Competency Framework for the Fourth Industrial Revolution

2020 ◽  
pp. 18-43
Author(s):  
Mustafa Kemal Topcu
Keyword(s):  
Human Resources ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Technological Development ◽  
Empirical Studies ◽  
Business Environment ◽  
Digital Transformation ◽  
Competency Framework ◽  
Fourth Industrial Revolution ◽  
Starting Point

Today's business environment is described with volatility, uncertainty, complexity, and ambiguity. In order for organizations to survive in the fourth industrial revolution characterized by continuously changing resulted from digital transformation and technological development, it is critical to identify a vision, to attract qualified human resources, to motivate them, to allocate resources to complete the mission, and to speed activities up to achieve the desired end state. It is of great significance to analyze the organization and create a competency framework to harbor all relevant steps to move the organization further. Therefore, this study aims at drawing attention to competency framework for the Industry 4.0 environment. There is no doubt that a standard competency framework for the fourth revolution may not be proposed. However, as a starting point, a generalized competency framework is proposed as a sample for further conceptual and empirical studies.

Digital transformation: “jobocolypse” or empowerment?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Zeynep Hizir
Keyword(s):  
Human Resources ◽  
Crucial Role ◽  
Design Methodology ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Evidence Based ◽  
Content Type ◽  
Fourth Industrial Revolution ◽  
Industry Research ◽  
The Impact

Purpose The purpose of this paper is to analyse the impact of digital transformation on jobs and to assess whether or not the so-called Fourth Industrial Revolution will lead to mass redundancies. The piece also looks at the role human resources (HR) departments will have to play in the implementation of, and response to, digital transformation within the workplace. Design/methodology/approach This paper combines research based on media articles, a parliamentary report and wider digital transformation industry research. The author looks to explain what digital transformation is, deconstruct misconceptions around digital transformation, assess the true evidence-based impact of digital transformation on jobs and advise HR departments on the impact of digital transformation within the workplace. Findings This piece finds that there remains a considerable degree of misunderstanding and many misconceptions around digital transformation and that while digital transformation will lead to the loss of some jobs, it will also lead to the change of existing ones and creation of new ones. Furthermore, this piece finds that HR departments will play a crucial role in the implementation of digital transformation, but that they too will need to pivot and adjust to new workplace realities as a result. Originality/value Many HR departments face confusion and misconceptions around the impact of digital transformation on the workforce, and there also remains concern among many employers that technology will replace their jobs. This piece seeks to dispel the myths and paint a clearer picture to both HR departments and employees around the impact of digital transformation.

Digital Transformation and Industry 4.0

2021 ◽  
pp. 1-17
Author(s):  
Hanaa Abdulraheem Yamani ◽  
Waleed Tageldin Elsigini
Keyword(s):  
Customer Service ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Fourth Industrial Revolution ◽  
Industrial Companies ◽  
The Future ◽  
Information And Communication ◽  
Definition Of

The current era is witnessing many changes on various levels. The information and communication revolutions are considered one of the important changes which has cast a shadow over how different institutions in society work via the phenomenon of digitization. As some of the most important institutions of society, industrial companies have been responding to this phenomenon of digital transformation to improve products and customer service while achieving a significant profitable return. This response by these institutions to the digital transformation has resulted in the emergence of the so-called fourth industrial revolution. In this context, this chapter reviews the definition of digital transformation as well as its dimensions, benefits, and obstacles. It also comments on the future of digital transformation and its relationship with industry. Ultimately it presents the fourth industrial revolution in terms of its definition, history, criteria, benefits, and the challenges it faces moving into the future.

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 Regional development: organizational and economic mechanism in the context of the fourth industrial revolution

2021 ◽  
pp. 144-155
Author(s):  
Marina Slonimska ◽  
Nadezhda Dubko ◽  
Elena Veretennikova
Keyword(s):  
Supply Chains ◽  
Regional Development ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Sustainable Growth ◽  
Business Community ◽  
Economic Mechanism ◽  
Fourth Industrial Revolution ◽  
Systemic Transformation

Relevance of the research topic. The information and knowledge flow management is an important component for regional development in the context of the fourth industrial revolution. It allows taking advantage of the opportunities hidden in the digital transformation of the business community and providing the transformations necessary to reorient development towards inclusive and sustainable growth. Formulation of the problem. Managing the process of introducing Industry 4.0 technologies based on effective state and collective strategies opens up opportunities for regional development, but requires the development of special decision support tools, scientific substantiation of the model of systemic transformation of the region, identification of the main stakeholders and the mechanism of their interaction. Analysis of recent research and publications. The works of such researchers as Yasheva G. A. and Fateev V. S. (Belarus), Lenchuk E. B. (Russia), Götz M. and Jankowska B. (Poland), Ciffolilli A. and Muscio A. (Italy) and others are devoted to the issues of territorial and regional development in the context of the fourth industrial revolution. Selection of unexplored parts of the general problem. The mechanism of small businesses involving in the process of the necessary systemic transformation in the context of the fourth industrial revolution has not been sufficiently studied. Setting the task, the purpose of the study. The purpose of the study is to analyze the theories of regional development in the context of the fourth industrial revolution and to propose an organizational and economic mechanism for the digital transformation of the regional business community, including the SMEs’ sector. Method or methodology for conducting research. The research used the methods of analogies, analysis and synthesis, sociological survey. Presentation of the main material (results of work). The article analyzes the main concepts of regional development, concludes that it is necessary to consolidate regional actors according to the ‘Quadruple Helix’ model based on inter-organizational information systems in order to introduce Industry 4.0 technologies. An algorithm for the development of an electronic platform from a cluster site to an information system of integrated supply chains is proposed on the example of the Novopolotsk innovative and industrial petrochemical cluster. The field of application of results. The results of the research can be used by companies providing activity in regional development and small business support, in scientific and educational institutions, in public administration. Conclusions according to the article. Networked connections between regional actors, innovation networks based on the open innovation paradigm and integrated supply chains promote region development in the context of the fourth industrial revolution, this requires appropriate institutional conditions.

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.

Fintech Credit — Opportunities for SMEs in Vietnam

2018 ◽  
Vol 9 (6) ◽  
pp. 537-542
Author(s):  
Truong Van Khanh ◽  
◽  
Tram Bich Loc ◽  
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Bank Capital ◽  
Fourth Industrial Revolution ◽  
New Type ◽  
Medium Enterprises

Small and medium enterprises (SMEs) have an important role in the development of countries, especially in developing ones like Vietnam, but access to capital of this type of business is always difficult, while the support of the Vietnamese government has not been effective or negligible. However, the fourth industrial revolution (industry 4.0) have created a new type of business — Fintech companies which provide SMEs an easier way to access capital. Nevertheless, the concept of Fintech is relatively new in Vietnam and the operation of these companies implicit certain risks. Therefore, in order to help SMEs take advantage of this non-bank capital resource, the authorities are asked to promulgate laws or decrees for business environment of Fintech companies.

scholarly journals The Fourth Industrial Revolution and the Sustainability Practices: A Comparative Automated Content Analysis Approach of Theory and Practice

2020 ◽  
Vol 12 (20) ◽  
pp. 8497
Author(s):  
Vasja Roblek ◽  
Oshane Thorpe ◽  
Mirjana Pejic Bach ◽  
Andrej Jerman ◽  
Maja Meško
Keyword(s):  
Sustainable Development ◽  
Content Analysis ◽  
News Media ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Theory And Practice ◽  
Fourth Industrial Revolution ◽  
Automated Content Analysis ◽  
Starting Point

(1) Background: The article provides a methodologically coherent analysis of technological development in the context of the fourth industrial revolution or Industry 4.0 and its impact on changes in sustainable development policy. (2) Methods: Using a Comparative Automated Content Analysis (ACA) approach, the article compares recent scientific work on sustainable development and the fourth industrial revolution with the discourse in the news media on sustainable development and industry 4.0. (3) Results: The scientific literature focuses more on changes in business models, production processes, and technologies that enable sustainable development. Newspaper and magazine articles write more about sustainable or green investments, sustainable standards, and sustainable reporting. The focus is on topics that are directly relevant to current sustainable business development and the promotion of research and development of clean and smart technologies and processes. (4) Conclusions: The ACA allows a more systematic comparison of different data sources. The article provides a starting point for sustainable development professionals to gain useful insights into a specific context with the help of the ACA.

scholarly journals Impact of IoT on Manufacturing Industry 4.0: A New Triangular Systematic Review

2021 ◽  
Vol 13 (22) ◽  
pp. 12506
Author(s):  
Tahera Kalsoom ◽  
Shehzad Ahmed ◽  
Piyya Muhammad Rafi-ul-Shan ◽  
Muhammad Azmat ◽  
Pervaiz Akhtar ◽  
...  
Keyword(s):  
Industry 4.0 ◽  
Manufacturing Industry ◽  
Industrial Revolution ◽  
Empirical Studies ◽  
Future Research ◽  
The Internet ◽  
Fourth Industrial Revolution ◽  
Iot Applications ◽  
Research Domains ◽  
The Internet Of Things

The Internet of Things (IoT) has realised the fourth industrial revolution concept; however, its applications in the manufacturing industry are relatively sparse and primarily investigated without contextual peculiarities. Our research undertakes an intricate critical review to investigate significant aspects of IoT applications in the manufacturing Industry 4.0 perspective to address this gap. We adopt a systematic literature review approach by Denyer and Tranfield (2009) to carry out critical analyses that help develop future research domains based on empirical studies. We describe key knowledge gaps in the existing literature and empirical studies by exploring the main contribution categories and finding six critical differences between traditional and manufacturing Industry 4.0 and 10 enablers and 11 challenges of IoT applications. Finally, an agenda for future research is proposed with 11 research domains to focus on the recognised gaps.

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