A Complex View of Industry 4.0

This article is focused on the importance and influence of Industry 4.0 and consequently the Internet-connected technologies for the creation of value added for organizations and society. The contribution of the article is mainly conceptual. With the development of the Internet, the Internet of things that is central to the new industrial revolution has led to "Industry 4.0." The aim of this article is to synthesize the known theory and practices of Industry 4.0, and to investigate the changes that will result from Industry 4.0 and with the development of the Internet of things.

Hungarian Geographical Bulletin, 2020

International Journal of Innovative Technology and Exploring Engineering, 2019

Industrialization is the crucial arm of an economy which is a dream for every single country on the globe. The theoretical term Industry 4.0 or Smart Factory delineates a societal and basic man comprehension of computerized innovative (digitalization) patterns which further subdivides the accompanying arrangements into Mobile gadgets, Internet of Things (IoT) stages, Location discovery advances, Advanced human-machine interfaces, Authentication and extortion identification, 3D printing, Smart sensors, Big information investigation and propelled calculations, Multilevel client communication and client profiling, Augmented reality / wearables, Cloud registering, haze figuring, man-made consciousness, AI, mechanical autonomy computerization and so forth. This paper manages the investigation of various parts of Industry 4.0 with it’s entomb connection with advancement and business cultivating towards big business manifestations and upgrade of worldwide economy through innovative interce...

2016

This paper is focused on the importance and influence of Industry 4.0 and consequently the internet connected technologies for the creation of value added for organizations and society. The contribution of the paper is mainly conceptual. With the development of the internet, the internet of things that is central to the new industrial revolution has led to "Industry 4.0". The aim of this paper is to synthesize the known theory and practices of Industry 4.0 and to investigate the changes that will result from Industry 4.0 and with the development of the internet of things.

International journal of innovative technology and exploring engineering, 2019

Industrialization is the crucial arm of an economy which is a dream for every single country on the globe. The theoretical term Industry 4.0 or Smart Factory delineates a societal and basic man comprehension of computerized innovative (digitalization) patterns which further subdivides the accompanying arrangements into Mobile gadgets, Internet of Things (IoT) stages, Location discovery advances, Advanced human-machine interfaces, Authentication and extortion identification, 3D printing, Smart sensors, Big information investigation and propelled calculations, Multilevel client communication and client profiling, Augmented reality / wearables, Cloud registering, haze figuring, man-made consciousness, AI, mechanical autonomy computerization and so forth. This paper manages the investigation of various parts of Industry 4.0 with it's entomb connection with advancement and business cultivating towards big business manifestations and upgrade of worldwide economy through innovative intercessions.

2018

Industry is the part of an economy that manufacture components and goods which are highly automatized. This paper presents a general understanding about the Fourth Industry Revolution- Industry 4.0 approach from a commercial point of view. Firstly, the history of Industrial Revolution is explained and the roadmap to Industry 4.0 is shown. Industry components and the main understanding of Industry 4.0 is explained through the previous studies. Secondly, the most common usage, implementation areas and the challenging points are demonstrated. Commercial and industrial application examples of Industry 4.0 in different sectors and the possible implementation areas are defined based on countries and sectors. Finally, the commercial impacts of this new business model is given from the industrial and human perspectives.

SGH Publishing House, 2020

A new concept of the Industry 4.0 revolution is completely different from the previous ones. At this point, it is worth reminding that mechanisation, i.e., the invention and use of the steam engine, marks the beginning of the industrial age Industry 1.0. The next step included electrification which replaced less efficient steam engines with electric engines able to continuously manufacture products at relatively low energy cost (Industry 2.0). Compared to the previous revolution, waiting for Industry 3.0 based on narrowly interpreted digitalisation (digital input of data into machines) took much longer. Over this period, we could observe the development of increasingly more powerful computers that control manufacturing processes. Machines became more productive, precise, and flexible while digitalisation enabled reaching further advancement in automation. New planning and control systems started to emerge, intended to coordinate production activities. The main components of Industry 4.0 are integration and networking taken together, dependent of each other and supporting each other via the Internet. Taking into consideration the aforementioned issues, the Industry 4.0 revolution has triggered clearly more economical and socially responsible use of resources to meet consumer needs. The above-mentioned needs are identified at individual level and in real time, which surely accelerates the meeting of individualised consumer expectations and needs. As a result, by networking and the exchange of data between products and consumers in the fourth industrial revolution, companies can make their production processes more economical, taking account of the environmental, economic, and social aspects.

International Journal of Supply Chain Management, 2019

Industry 4.0 is the fourth industrial revolution that was first introduced in Germany which then becomes a trend of future manufacturing industries. The Industry 4.0 also referred as the umbrella concept for new industrial paradigm which consists of a number of future industry characteristics, were related to cyber-physical systems (CPS), internet of things (IoT), internet of services (IoS), robotics, big data, cloud manufacturing and augmented reality. By adopting these technologies as the key development in more intelligent manufacturing processes including devices, machines, modules, and products, the process of information exchange, action and control will stimulate each other, subsequently to an intelligent manufacturing environment. However, in order to fully utilize the advantages of industry 4.0, there are some challenges that need to be overcome. This paper reviews the challenges in implementing Industry 4.0. The literatures found in this paper mainly from Google Scholar, S...

Sustainability, 2018

In the era of industrial digitalization, companies are increasingly investing in tools and solutions that allow their processes, machines, employees, and even the products themselves, to be integrated into a single integrated network for data collection, data analysis, the evaluation of company development, and performance improvement. To study the impact of Industry 4.0 on the company we used Porter's (1985) value chain model, which is particularly useful when paying particular attention to corporate areas which have a primary role in customer value creation. Since the primary impact of Industry 4.0 is perceived in value-creating processes, and has so far had the greatest transformative effect in this area, the model can be considered to be appropriate. The objective of our research is to discover how companies operating in Hungary interpret the phenomenon of Industry 4.0, what Internet of Things (IoT) tools they use to support their processes, and what critical issues they face during adaptation. We applied a dual methodology in our investigation: We sent an online questionnaire to manufacturing and logistical service companies to investigate the IoT tools they use, and the problems they face, and received 43 answers we could evaluate. We also conducted four expert interviews with manufacturing firms to get deeper insights into the application, critical issues and development phases of IoT tools. During our research, we found that the spread of real-time data across companies—given the availability of appropriate analytical tools and methods—can have a significant impact on the entire company. In the case of CPS (Cyber Physical System), CPPS and Big Data Technologies, companies using them have been evaluated as having a higher level of logistic service, more efficient processes with their partners, improved cooperation between certain logistic functions, and higher market and financial performance and competitiveness. Applying more efficient production processes, and achieving better productivity and economies of scale, might also result in increased economic sustainability. Furthermore, we have found that companies have started on the path to digital evolution, and investments of this type have already begun.

CHALLENGES IN THE IMPLEMENTATION OF INDUSTRY 4.0, 2023

The paper studies the challenges and potential solutions of implementing Industry 4.0. Industry 4.0 is defined by the combination of cyber-physical-systems, Internet of things, Artificial intelligence and cloud computing working together in enhancing the manufacturing industry. The paper identifies the common challenges in Industry 4.0 such as skill of the workers, data redundancy, cost concerns, privacy and security concerns and interoperability. The paper further discusses the strategies for these challenges. The paper discussed emerging technologies such as digital twins, advanced robotics and 6G. The aim of the paper is to present a comprehensive guide for understanding the possibilities and complexities of Industry 4.0.