A Systematic Review of Risk Management Methodologies for Complex Organizations in Industry 4.0 and 5.0

Abstract

The large amount of information handled by organizations has increased their dependance on information technologies, which has made information security management a complex task. This is mainly because they cover areas such as physical and environmental security, organization structure, human resources and the technologies used. Information security frameworks can minimize the complexity through the different documents that contain guidelines, standards, and requirements to establish the procedures, policies, and processes for every organization. However, the selection of an appropriate framework is by itself a critical and important task, as the framework must adapt to the characteristics of an organization. In this paper, a general vision of the newest versions of the NIST CSF, ISO/IEC 27001:2022, and MAGERIT frameworks is provided by comparing their characteristics in terms of their approaches to the identification, assessment, and treatment of risks. Furthermore, their key characteristics are analyzed and discussed, which should facilitate the consideration of any of these frameworks for the risk management of complex manufacturing organizations.

Systematic Analysis of Risks in Industry 5.0 Architecture

“…Workforce and training risk [9,34,36,44,[48][49][50][51][52][53] Financial and investment risk [9,46,48] Security risk [9,37] Cybersecurity risk [32][33][34][35][36][38][39][40][41][42][43][44][45][46][47][48][49]55] Operational and implementation risk [34,35,37,43,44,49,51,[53][54][55]57] Technological risk [36,45,56] Social and societal risk [36] System integration risk [34,51] Information and Knowledge Gap Ris...…”

“…Business [51][52][53]55] Mixed domains [51,54,56,57] The concept of "Industry 5.0" is still being discussed and studied and is not yet extensively used [52]. In comparison to Industry 4.0, Industry 5.0 is still in an early stage, and there may still be questions regarding what it really involves and how it varies from Industry 4.0.…”

Spectral Numerical Study of Entropy Generation in Magneto-Convective Viscoelastic Biofluid Flow Through Poro-Elastic Media With Thermal Radiation and Buoyancy Effects

“…Chauhan and Shiaeles 43 highlight the need to implement novel security rules and procedures to tackle the distinctive problems posed by cloud security effectively. Barraza de la Paz et al 44 examine and contrast several frameworks for managing information security risks in cloud computing, emphasizing the need to adopt a complete strategy. Krishnan et al 45 presents a model for designing and implementing cloud security architecture that is efficient and successful.…”

Enhancing Drone Operator Competency within the Construction Industry: Assessing Training Needs and Roadmap for Skill Development

“…Industry 4.0 (I4) brought about new approaches for effective data management [1] through enhanced interconnectivity of networks that use Internet of Things (IoT) and Internet of Services (IoS) via cyber-physical systems [2]. The crux of the Fourth Industrial Revolution was transforming manufacturing processes from entirely physical systems to cyber-physical systems (CPS) to improve efficiency [3].…”