Industry 4 0 Industrial Revolution Of The 21st Century

This book addresses a wide range of issues relating to the theoretical substantiation of the necessity of Industry 4.0, the development of the methodological tools for its analysis and evaluation, and practical solutions for effectively managing this process. It particularly focuses on solving the problem of optimizing the development of Industry 4.0 in the context of knowledge economy formation. The book presents the authors’ approach to studying the process of Industry 4.0 formation in connection with knowledge economy, and approach that allows the process to be studied in connection with the existing socio-economic and technological conditions. As a result, the conclusions and recommendations could be applied to modern economic systems and do not require any further elaboration. The presented research is based on modern economic theory scientific and methodological tools, including the tools of the theory of economic cycles, the theory of games, and the institutional economic theory. Raising awareness of the problem of Industry 4.0 formation, the book is of interest to a wide audience, including not only specialists and experts with a detailed knowledge of the topic, but also scholars, lecturers, and undergraduates of various fields of economics.

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

This book shows a vision of the present and future of Industry 4.0 and identifies and examines the most pressing research issue in Industry 4.0. Containing the contributions of leading researchers and academics, this book includes recent publications in key areas of interest, for example: a review on the Industry 4.0: What is the Industry 4.0, the pillars of Industry 4.0, current and future trends, technologies, taxonomy, and some case studies (A.U.T.O 4.0, stabilization of digitized process). This book also provides an essential tool in the process of migration to Industry 4.0. The book is suitable as a text for graduate students and professionals in the industrial sector and general engineering areas. The book is organized into two sections: 1. Reviews 2. Case Studies Industry 4.0 is likely to play an important role in the future society. This book is a good reference on Industry 4.0 and includes some case studies. Each chapter is written by expert researchers in the sector, and the topics are broad; from the concept or definition of Industry 4.0 to a future society 5.0.

Industry 4.0 explores the emergence of disruptive digital technologies such as robotics, blockchain, nanotechnology and 3D printing and their impact on human lives and jobs in globalized 21st century societies. Incorporating a cutting edge area studies perspective, it considers the challenges and long term implications of the rise of ‘Tech Giants’ such as Alibaba, Google and Baidu through the lens of past industrial revolutions, looking back at the transformative technologies and industrial developments - the steam engine, electrification, telegraph, mass production, and the rise of digital technology - upon which the modern world was built. It investigates the mirror profiles of the world’s largest tech companies in the US and China (Baidu and Google, Alibaba and Amazon, Wechat and Facebook) and provides a unique comparison of Tech Giants with 19th century colonial empires and monopolistic trading companies in terms of political-economic dominance. A key tool for instructors and students focused on courses on Technological History, Digital Technology and Cultures, New Media, Digital Ethics and China studies, this book provides practical guidance on how readers can equip themselves to face key workplace and societal challenges in a virtually interconnected world shaped by Tech Giant monopoly.

Industry 4.0 is not only just a new sector of economy—it is a new technological model of economic development, which will determine the technical possibilities, organizational philosophies, and approaches to managing socio-economic systems in the near future. Signs of the Fourth Industrial Revolution can already be seen in the most progressive developed and developing countries. However, despite the high interest of entrepreneurs in the possibilities that are provided by Industry 4.0, large-scale investment projects and the adoption of state and national strategies and programs to facilitate the financing and transition to Industry 4.0, the Fourth Industrial Revolution is developing very slowly. The reason for this is the non-systemic character of the implemented initiatives.

The concept of Industry 4.0 appeared for the first time in an article published in November 2011 by the German government that resulted from an initiative regarding a high-tech strategy for 2020. Since then, several cutting-edge technologies evolved at a very fast pace and they are promising to play a crucial role in the development of smart factories. What are the reasons that are pushing us towards a 4th industrial revolution? What are the key technologies? How industrial countries are facing it? What are the main challenges? This book is designed to provide managers, engineers and students with the full picture of the 4th Industrial Revolution, its implications to organisations, its technologies and their applications. This book is divided into 4 main parts: PART 1: OVERVIEW. This section provides a general overview of the 4th industrial revolution. Do we really need a step change? What are the key technologies and the main implications on our way of producing goods? How are industrial countries facing this trend?PART 2: THE KEY TECHNOLOGIES. In this section, we will go through a set of technologies which will be the bricks to build digital factories, the final goal of Industry 4.0. For each technology, we will provide a brief historical overview, we will explain how the technology works and what solutions are currently available on the market. Finally, we will present some concrete ideas for the implementation of pilot projects in an existing facility.PART 3: THE SMART FACTORY. In this section, we will provide a proper definition of what a Smart Factory is. Indeed, designing a Smart Factory is much more than putting some digital technologies together, just like learning a new language is much more than putting some new words together. A Smart Factory combines smart solutions to create a virtuous environment in which workers may take advantage of their cognitive skills instead of doing repetitive tasks. A step-by-step approach for the implementation of a Smart Factory will be provided, and some practical examples of existing factories will be described.PART 4: REQUIREMENTS AND SKILLS IN DEMAND. The last part of the book describes the requirements that companies must take into account if they are willing to develop new smart solutions inside their production facilities. A set of soft and hard skills will be required as well: soft skills include risk management, change management, creativity, flexibility, whereas hard skills include subjects like mechatronics, material engineering, computer technology and much more

As the world enters the era of big data, there is a serious need to give a semantic perspective to the data in order to find unseen patterns, derive meaningful information, and make intelligent decisions. Semantic technologies offer the richest machine-interpretable (rather than just machine-processable) and explicit semantics that are being extensively used in various domains and industries. These technologies reduce the problem of large semantic loss in the process of modelling knowledge, and provide sharable, reusable knowledge,and a common understanding of the knowledge. As a result, the interoperability and interconnectivity of the model make it priceless for addressing the issues of querying data. These technologies work with the concepts and relations that are very lose to the working of the human brain. They provide a semantic representation of any data format: unstructured or semi-structured. As a consequence, data becomes real-world entity rather than a string of characters. For these reasons, semantic technologies are highly valuable tools to simplify the existing problems of the industry leading to new opportunities. However, there are some challenges that need to be addressed to make industrial applications and machines smarter. This book aims to provide a roadmap for semantic technologies and highlights the role of these technologies in industry. The book also explores the present and future prospects of these semantic technologies along with providing answers to various questions like: Are semantic technologies useful for the next era (industry 4.0)? Why are semantic technologies so popular and extensively used in the industry? Can semantic technologies make intelligent industrial applications? Which type of problem requires the immediate attention of researchers? Why are semantic technologies very helpful in people’s future lives? This book will potentially serve as an important guide towards the latest industrial applications of semantic technologies for the upcoming generation, and thus becomes a unique resource for scholars, researchers, professionals and practitioners in the field.

The Internet of Things (IoT) and blockchain are two new technologies that combine elements in many ways. A system where the virtual and physical worlds interact is created by integrating pervasive computing, ubiquitous computing, communication technologies, sensing technologies, Internet Protocol, and embedded devices. A massive number of linked devices and vast amounts of data present new prospects for developing services that can directly benefit the economy, environment, society, and individual residents. Due to the size of IoT and insufficient data security, security breaches may have a huge impact and negative effects. IoT not only connects gadgets but also people and other entities, leaving every IoT component open to a wide variety of assaults. The implementation and application of IoT and blockchain technology in actual scientific, biomedical, and data applications are covered in this book. The book highlights important advancements in health science research and development by applying the distinctive capabilities inherent to distributed ledger systems. Each chapter describes the current uses of blockchain in real-world data collection, medicine development, device tracking, and more meaningful patient interaction. All of these are used to create opportunities for expanding health science research. This paradigm change is studied from the perspectives of pharmaceutical executives, biotechnology entrepreneurs, regulatory bodies, ethical review boards, and blockchain developers. Key Features: Provides a foundation for the implementation process of blockchain and IoT devices based on healthcare-related technology Image processing and IoT device researchers can correlate their work with other requirements of advanced technology in the healthcare domain Conveys the latest technology, including artificial intelligence and machine learning, in healthcare-related technology Useful for the researcher to explore new things like security, cryptography, and privacy in healthcare related technology Tailored for people who want to start in healthcare-related technology with blockchain and IoT This book is primarily for senior undergraduates, graduate students, and academic researchers in the fields of electrical engineering, electronics and communication engineering, computer science and engineering, and biomedical engineering.