“Industry 4.0”—TOWARDS Opportunities and Challenges of Implementation

Wyrwicka, Magdalena K.; Mrugalska, Beata

doi:10.12783/dtetr/icpr2017/17640

Cited by 27 publications

(20 citation statements)

References 3 publications

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“…Industry 4.0 introduced the adoption and integration of disruptive technological tools and cyber-physical system, in a break with the third industrial revolution (artificial intelligence (AI), advanced robotics, the internet of things (IoT), autonomous vehicles, 3D printing, nanotechnology, biotechnology, big data analytics, materials science, energy storage and quantum computing, new materials like graphene, and Fintech, etc.) that contain and transmit digital information (Petrillo et al, 2018;Klaus Schwab & Davis, 2018;Wyrwicka & Mrugalska, 2017;Yue et al, 2015). The Industry 4.0 revolution process reviled integrated physical and cyber-physical systems automatized mass manufacturing of customized products and services for modern-day clients (Cheng et al, 2016;Cooper, 2017;Faller & Feldmüller, 2015;Gokalp et al, 2016;Hofmann & Rüsch, 2017).…”

Section: Background Of the Studymentioning

confidence: 99%

“…The fourth industrial revolution introduced the adoption and integration of disruptive technological tools and cyber-physical system, in a break with the third industrial revolution (artificial intelligence (AI), robotics, the internet of things (IoT), autonomous vehicles, 3D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing, etc.) that contain and transmit digital information (Petrillo et al, 2018;Klaus Schwab & Davis, 2018;Wyrwicka & Mrugalska, 2017;Yue, Cai, Yan, Zou, & Zhou, 2015). Adoption of Industry 4.0 leverages the value chain of businesses that enhances the connectivity and horizontal & vertical integration of businesses and transforming into smart factories with the help of the Cyber-Physical System (Hazen, Skipper, Ezell, & Boone, 2016;Trade, 2014).…”

Section: Introductionmentioning

confidence: 99%

“…Moreover, the Big data technologies adopted in industry 4.0 for collecting, processing and analyzing large, unstructured data using smart algorithms for effective real-time competitive business decisions (Anderl, 2015;Faller & Feldmüller, 2015;Gokalp et al, 2016;Hazen et al, 2016;Hofmann & Rüsch, 2017). The sphere of industry 4.0 is not only confined into smart & connected machines and systems but in biological domains such as from gene sequencing to nanotechnology and from renewables to quantum computing( K Schwab, 2016;Wyrwicka & Mrugalska, 2017). Moreover, it will bring immense and multidimensional influence on the global macro-economic variables such as GDP, investment, consumption, employment, trade, inflation, etc.…”

Section: Introductionmentioning

confidence: 99%

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Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

Bhuiyan

Ali

Zulkifli

et al. 2020

ijbmf

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In the recent decade, the term Industry 4.0 or Fourth Industrial Revolution is a common buzzword represents the adoption of disruptive digital technologies (Internet of things, Big Data, 3D printing, Cloud computing, Autonomous robots, Virtual reality, Augmented reality, Self-driving car, Cyber-physical system, Artificial intelligence, Smart sensors, Nanotechnology, Drones, and Biotechnology, etc.) in the production process which is transforming the manufacturing units into smart factories and experiencing a great change in the global value chain. Moreover, these revolutionary digital technologies have a profound impact on the economy, growth, globalization, governments, international trade, global supply chain, and human capital transformation, etc. The present review study aims to explore the impact, challenges, and opportunities of the fourth industrial revolution based on empirical findings specially and extensively in the context of Bangladesh. The study finds regardless of having enormous potentiality, the application of the fourth industrial revolution is far lagging for some challenges i.e. lack awareness, insufficient capital, lack of infrastructure, lack of skilled human capital, and some socio-economic challenges. This review paper will also develop conceptual links with the relevant aspect of strategic planning and application of key industry 4.0 technologies and help to formulate future policy guidelines regarding opportunities, application, and strategic decision making for the fourth industrial revolution in Bangladesh.

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Section: Background Of the Studymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

Bhuiyan

Ali

Zulkifli

et al. 2020

ijbmf

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“…(Schmidt, 2015). Dalam Industri 4.0, TI adalah pendorong perubahan dan inovasi dalam hal proses dan teknologi, namun itu bukan prasyarat (Wyrwicka, 2017).…”

Section: Hasil Dan Pembahasanunclassified

Metode Estd Untuk Pengambilan Keputusan Go/No-Go Eksekusi Ide / Rencana Bisnis Pada Era Industri 4.0

Taufik

Sanny

2020

JEI

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Abstrak - Industry 4.0 memberikan peluang disrupsi teknologi terjadi semakin cepat. Teknologi yang muncul beberapa tahun lalu mungkin sudah tergantikan dengan teknologi terbaru, dan teknologi yang muncul saat ini akan tergantikan oleh teknologi yang lahir beberapa tahun ke depan. Bisnis dapat dipengaruhi oleh adanya disrupsi teknologi tersebut. Satu sisi industri 4.0 dapat menciptakan peluang-peluang usaha baru, namun disisi yang lain dapat menjadi ancaman bagi usaha-usaha yang telah jalan. Calon pengusaha dapat memiliki ide / rencana bisnis baru, sementara pengusaha perlu memiliki ide / rencana bisnis baru untuk dapat mempertahankan bisnis yang telah dilaksanakan. Para pengusaha perlu beradaptasi terhadap ancaman-ancaman yang dihadapi dengan senantiasa membuat inovasi-inovasi baru dalam bisnisnya terutama pada era industri 4.0 ini. Eksekusi ide / rencana bisnis dapat langsung dilaksanakan oleh pemiliknya dan kemudian akan menghadapi dua kemungkinan, yaitu kesuksesan atau kegagalan. Statistik menunjukkan bahwa tidak sedikit yang mengalami kegagalan. Banyak juga pengusaha / calon pengusaha yang merasa khawatir terjadi kegagalan sehingga tidak mengeksekusi ide / rencana bisnisnya. Penelitian ini bertujuan untuk mengetahui efektivitas Metode Pengambilan Keputusan Lanjut / Tidak Lanjut (Go/No-Go) dalam eksekusi ide / rencana bisnis pada era Industri 4.0 sebagai alternatif metode selain metode QuickScreen & VOSE (Timmons, 2011), Studi Kelayakan dan Analisis SWOT. Metode Go/No-Go yang dimaksud terdiri dari Explore / Eksplorasi, Select / Pilih, Test / Uji dan Decide / Putuskan atau disingkat ESTD. Dalam penelitian sebelumnya metode tersebut diimplementasikan oleh sejumlah responden dalam pengambilan keputusan lanjut / tidak lanjutnya eksekusi ide / rencana bisnis mereka. Hasil penelitian diharapkan dapat memperkaya teori kewirausahaan dalam proses penyaringan peluang bisnis atau penentuan peluang bisnis (venture opportunity) yang benar. Metode penelitian yang dipergunakan adalah metode kualitatif dan ditujukan untuk menjawab pertanyaan “Dapatkah metode ESTD dipergunakan sebagai metode pengambilan keputusan go/no-go pada era industri 4.0”. Hasil penelitian memberikan bukti bahwa metode ESTD memiliki beberapa kriteria sehingga dapat digunakan sebagai metode pengambilan keputusan atau pun sebagai metode penyaringan ide / rencana bisnis pada era Industry 4.0. Abstract - Industry 4.0 provides opportunities for technological disruption to occur more quickly. The technology that emerged a few years ago may have been replaced by the latest technology, and the technology that emerges today will be replaced by the technology that was born in the next few years. Business can be affected by the disruption of the technology. One side of industry 4.0 can create new business opportunities, but on the other hand it can be a threat to businesses that have gone ahead. Prospective entrepreneurs can have new ideas / business plans, while entrepreneurs need to have new ideas / business plans to be able to maintain the business that has been implemented. Entrepreneurs need to adapt to the threats they face by always making new innovations in their business, especially in this industry 4.0 era. Execution of ideas / business plans can be directly carried out by the owner and then will face two possibilities, namely success or failure. Statistics show that not a few who experience failure. There are also many entrepreneurs / prospective entrepreneurs who feel worried about failure so they do not execute their ideas / business plans. This study aims to determine the effectiveness of the Go / No-Go Decision Making Method in the execution of business ideas / plans in the Industrial 4.0 era as an alternative method besides the QuickScreen & VOSE method (Timmons, 2011), Feasibility Study and SWOT Analysis. The Go / No-Go method referred to consists of Explore / Exploration, Select / Select, Test / Decide / Decide or abbreviated ESTD. In the previous research, this method was implemented by a number of respondents in their decision making / not continuing the execution of their ideas / business plans. The results of the study are expected to be able to enrich entrepreneurship theory in the process of filtering business opportunities or determining the right business opportunities (venture opportunity). The research method used is a qualitative method and is intended to answer the question "Can the ESD method be used as a go / no-go decision making method in the industrial era 4.0". The results of the study provide evidence that the ESTD method has several criteria so that it can be used as a decision-making method or as a method of filtering ideas / business plans in the Industry 4.0 era.

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“…The opportunity for the 4.0 Industrial Revolution in education according to [5] is introducing technology as a medium for easy learning as in some developed countries. As for the challenges facing education according to [6] that information will be easily accessible by others but does not support the security, so that the data owned is easily stolen or acknowledged by others. Opportunities and challenges such as the above also impact on the world of education, so it needs analysis related to the impact of the Industrial Revolution 4.0 on a conflict management strategy to increase community participation.…”

Section: Introductionmentioning

confidence: 99%

The Principal’s Conflict Management Strategy Through Increased Community Participation in the Era of Industrial Revolution 4.0

Ariyanti¹,

Ariyanti²,

Mustiningsih³

et al. 2019

Proceedings of the 5th International Conference on Education and Technology (ICET 2019)

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The purpose of this research is to describe the conflicts faced by the school through increased community participation. The study used a qualitative approach, with a multisite research plan. The research site is at SDN Tunjungsekar 5 and SDN Ketawanggede. Data collection techniques with in-depth interviews, observation of roles and documentation. Data analysis techniques used are reduction, display data, and draw conclusions. The result of this research is an obstacle in increasing community participation namely (1) the economic background of students of the peseta-middle age economy, (2) the readiness of each party, such as the principal, school Committee and People Elderly learners, and (3) passive people and parents are communicating programs that will be implemented by the school to the local community through community leaders, parents through a notification letter or WhatsApp group. Furthermore, there can be a conflict management strategy to improve community participation.

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“Industry 4.0”—TOWARDS Opportunities and Challenges of Implementation

Cited by 27 publications

References 3 publications

Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

Metode Estd Untuk Pengambilan Keputusan Go/No-Go Eksekusi Ide / Rencana Bisnis Pada Era Industri 4.0

The Principal’s Conflict Management Strategy Through Increased Community Participation in the Era of Industrial Revolution 4.0

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