Making existing production systems Industry 4.0-ready

Schlechtendahl, Jan; Keinert, Matthias; Kretschmer, Felix; Lechler, Armin; Verl, Alexander

doi:10.1007/s11740-014-0586-3

Cited by 254 publications

(118 citation statements)

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“…Industry 4.0 is on the way and will have an important influence on the complete transformation of industry because it represents progress on three points (Almada-Lobo, 2016;Schlechtendahl, Keinert, Kretschmer, Lechler, & Verl, 2015):…”

Section: Theoretical Framework Of Industry 40mentioning

confidence: 99%

A Complex View of Industry 4.0

Roblek¹,

2016

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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.

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Section: Theoretical Framework Of Industry 40mentioning

confidence: 99%

A Complex View of Industry 4.0

Roblek¹,

2016

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“…Resource allocation is similar for China and Taiwan. (3) 'Public enterprise' is not emphasized: According to the research results, the two governments focus less on public enterprise. This result is not new for Taiwan industrial development, but novel for China.…”

Section: Analysis Of Resultsmentioning

confidence: 99%

“…Among all strategic issues of Industry 4.0, many researchers have focused on the communication systems [2], infrastructures, manufacturing processes [3], computer sciences, and other fields [4]. Policy or industry development-related studies are scattered and tend to overlook industry vertical integration [5], industry overview and development models [6], summaries of cross-nation Industry 4.0 policy goals and sub-industry execution projects [7], firm-level collaboration mechanism strategies [8], and even the context of Industry 4.0 development and industry transferring [9], but rarely are they specifically aimed at industry innovation policy and national policy.…”

Section: Introductionmentioning

confidence: 99%

A Cross-Strait Comparison of Innovation Policy under Industry 4.0 and Sustainability Development Transition

2017

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While the advent of Industry 4.0 is emblematic of national strategy for industrial revitalization, the proliferation of technology has drastically changed the landscape of many major sectors of global industries. Industry 4.0 encompasses multi-dimensional conceptsincluding computerization, digitization, and intelligentization-of business operations based on cyber-physical-systems (CPS) and the Internet-of-Things (IoTs). The vision of Industry 4.0 will bring about improvements in industrial processes, ranging from engineering, material usage, supply chains, and product lifecycle management, to the horizontal value chain. This research project adopts a descriptive analysis with descriptive statistics under the innovation policy framework proposed by Rothwell and Zegveld. This report also informs a comparative policy analysis across China and Taiwan. From the perspectives of industry coalition and competition, this cross-strait comparison lends itself to being a policy-making reference. Results reveal that China, in terms of policy-making, concentrates on 'political' and 'legal/regulatory' aspects of environmental policy, as well as the theme of 'public service' of the demand-side policy. Taiwan also emphasizes the 'environmental-side' policy like China, whereas Taiwan focuses more on 'education/training' of the supply-side policy.

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“…Lu (2017) lists the following areas relevant to Industry 4.0: Internet of Things (IoT), cyber physical system (CPS), information and communications technology (ICT), enterprise architecture (EA), and enterprise integration (EI). Industry 4.0 will have a strong impact along whole value chains and provide a set of new opportunities regarding business models, production technology, creation of new jobs, work organization, and workflows (Pereira and Romero 2017;Erol et al 2016;Schlechtendahl et al 2015). Industry 4.0 will lead to fundamental changes in the economy, work environment, and skills development (Pereira and Romero 2017).…”

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confidence: 99%

“…It allows customers to order any function of products, with any number of functions or products, even if there is only one of a kind. In addition, customers could change their order and ideas at any time during the production, even at the last minute with no additional charge (Schlechtendahl et al 2015). Skills development, which will lead to demographic and social changes, is one of the most important key factors for a successful adoption and implementation of the Industry 4.0 framework (Pereira and Romero 2017).…”

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confidence: 99%

Consequences of Industry 4.0 in Business and Economics

et al. 2018

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Abstract:The introduction of information technology into all aspects of our lives has brought forth qualitative and quantitative changes on such a large scale that this process has come to be known as the Fourth Industrial Revolution, or Industry 4.0. The aim of this paper is to fill in the gaps and provide an overview of studies dealing with Industry 4.0 from the business and economic perspectives. A scoping review is performed regarding business, microeconomic and macroeconomic economic problems. Four investigators performed a literature search of the Web of Science, Scopus, and Science Direct. The selected period spanned from 2014 to 2018, and the following keywords were used for the search: Industry 4.0, economics, economic development, production economics, and financial sector. A total of 2275 results were returned. In all, 67 full papers were screened. Results obtained from the relevant studies were, furthermore, divided into the following categories: work and skills development; economy growth and macroeconomic aspect; sustainability; intelligent manufacturing; policy; and change in business processes. Findings show that the aspects of work and skills development, smart technology adoption, intelligent manufacturing, and digitalization are very well described. The government and its policies usually play the role of a needed supportive element. Usually studies lack a coherent view of the topic in question and solve partial questions.

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Making existing production systems Industry 4.0-ready

Cited by 254 publications

References 2 publications

A Complex View of Industry 4.0

A Complex View of Industry 4.0

A Cross-Strait Comparison of Innovation Policy under Industry 4.0 and Sustainability Development Transition

Consequences of Industry 4.0 in Business and Economics

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