"The feature that distinguishes this book from all other books on entrepreneurship is the comprehensive discussion of the challenges and opportunities that entrepreneurs encounter in the Industry 4.0 era. It enables readers to start dreaming big, visualizing, and encourages them to think clearly and creatively. The book emphasizes creativity and innovation as the core of entrepreneurship, by stretching imagination, thinking about problems and solutions, and visualizing their ventures at the local, national, and global scale. It also discusses the role of women in private enterprise, and entrepreneurship in the post COVID-19 world"--
Abstract Purpose: This research aims to structure a hierarchical model that integrates the industry 4.0 (I4.0) concepts and standardizes concepts based on the literature. Originality/value: Kamble et al. (2018) point out the lack of architecture to represent I4.0 concepts. This paper brings an approach to the relationship between these concepts of I4.0. It expands the studies by Ghobakhloo (2018) and Liao et al. (2017) and homogenizes terms present in the literature. Design/methodology/approach: From a systematic review of the literature in the Scopus and ScienceDirect databases, from 2011 to 2019, 91 articles were reviewed, of which 58 articles were analyzed. Findings: From the literature, the terms related to I4.0 were grouped into three categories: technologies, principles, and dimensions. Technology clusters represent tools used to promote changes and transformations in the processes, here called principles. These changes and transformations create new industry standards, enabling process integration for problem-solving, and contributing to implementing intelligent management. The relationship between these categories results in a hierarchical model for I4.0 concepts. This hierarchical model can be used to identify opportunities for future research, demonstrating associations between categories that have not yet been explored. It opens possibilities for organizations to enter the fourth industrial revolution. The results help practitioners and researchers to understand this new process in detail and facilitate the construction of a valid and operational intelligent manufacturing platform.
This paper studies the factors influencing the adoption of digital technologies in the manufacturing sector; the so called Industry 4.0 phenomenon. We focus on the adoption of three particular technologies (Predictive Maintenance, Smart Production and Advanced Planning) in the Belgian region of Wallonia. In line with the claims of related qualitative studies, our findings suggest that smaller firms, which have a more restricted access to financial resources, are less prone to adopt these technologies. Our results are compatible with the notion that more digitally mature firms are more prone to be adopters. Moreover, we do not find evidence supporting the claim that more profitable firms are more likely to be adopters. Finally, we present indicative evidence regarding the efficacy of the regional governmental program which aimed to increase the diffusion of Industry 4.0.
Intro -- Contents -- About the Author -- About the Technical Reviewer -- Acknowledgments -- Introduction -- Chapter 1: Introduction to the Industrial Internet -- What Is the Industrial Internet? -- The Power of 1% -- Key IIoT Technologies -- Why Industrial Internet and Why Now? -- Catalysts and Precursors of the IIoT -- Adequately Skilled and Trained Staff -- Commitment to Innovation -- A Strong Security Team Skilled in Mitigating Vulnerabilities in Industrial and IT Networks -- Innovation and the IIoT -- Intelligent Devices -- Key Opportunities and Benefits -- The Why Behind the Buy -- Selling Light, Not Light Bulbs -- The Digital and Human Workforce -- References -- Chapter 2: Industrial Internet Use-Cases -- Healthcare -- Oil and Gas Industry -- Smart Office -- Logistics and the Industrial Internet -- Retail -- IOT Innovations in Retail -- References -- Chapter 3: The Technical and Business Innovators of the Industrial Internet -- Miniaturization -- Cyber Physical Systems (CPS) -- Wireless Technology -- IP Mobility -- Network Functionality Virtualization (NFV) -- Network Virtualization -- SDN (Software Defined Networks) -- What Is the Difference Between SDN and NFV? -- Smartphones -- The Cloud and Fog -- The Fog -- Big Data and Analytics -- Volume -- Velocity -- Variety -- Veracity -- Value -- Visibility -- M2M Learning and Artificial Intelligence -- Augmented Reality -- 3D Printing -- People versus Automation -- References -- Chapter 4: IIoT Reference Architecture -- The IIC Industrial Internet Reference Architecture -- Industrial Internet Architecture Framework (IIAF) -- Industrial Internet Viewpoints -- The Business Viewpoint -- The Usage Viewpoint -- The Functional Viewpoint -- The Control Domain -- Communication -- Modeling -- Asset Management -- Executor -- The Operational Domain -- The Information Domain -- The Application Domain.
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PurposeUnder the guidance of the concept of openness and development, the paper grasps the mechanism of technology spillover in developed countries and analyzes how to better absorb advanced manufacturing technology based on empirical analysis so as to point out the path for the transformation and development of China's digital manufacturing industry.Design/methodology/approachThe paper constructs the panel data model and further analyzes the impact of international technology spillovers on the transformation and development of the digital manufacturing industry.FindingsThis paper measures the level of technology spillover in the Yangtze River Delta region and finds that foreign direct investment (FDI) technology spillover and import trade technology spillover among four provinces and cities show a growth trend from 2010 to 2017. But after 2017, there is a certain degree of decline.Originality/valueWith the advent of industry 4.0, the digital manufacturing industry of all countries in the world is developing with a new attitude, the global technology spillover methods are diverse and the spillover channels have changed greatly, which will affect the transformation and upgrading of China's digital manufacturing industry.
This book aims at bringing together global researchers to generate thought on how this transition from Industry 4.0 to Industry 5.0 could make a difference to the globe for larger good. The collaboration and interaction between man and machine has given rise to Industry 5.0. With the prime objective of Industry 5.0 to create a benefit for the human beings while tapping on to the advantage of Industry 4.0, in no case, does it replace what has already been achieved. In fact, it brings to light what can be done in order to make life better. While Industry 4.0 offered extraordinary technological advancement, Industry 5.0 reasons out that technology alone is not sufficient to answer everything or provide a solution, but it is an amalgamation of both machine and human interaction to create that difference. In fact, with the impact of widespread digitalization that has led to dehumanization of the industrial makeup, the interest of global researchers has increased toward mapping how the human creativity and brainpower can be reconciled with the intelligent systems that can enhance process efficiency. Industry 5.0 has touched upon some of those key domains which are of much concern and debate globally including resilience (both business and cyber), environment and sustainability, diversity and inclusion, values and ethics, vision and purpose, circular economy, understanding the human-machine collaboration and the 'human-touch' in the production process. This transition that has taken place in moving from Industry 4.0 to Industry 5.0 has essentially created a need to pay cognizance to the role of 'human' in the process which creates an enhanced focus toward the right kind of skills and competencies, identification of training and developmental needs, talent acquisition and management, safety and wellbeing, future of work as well as hybrid working models. Undeniably, the pace with which Industry 4.0 has been accelerating has bypassed the first three industrial revolutions, which is definitely a consequence of the fast introduction of new and cutting-edge technologies. While organizations are already in analyzing the context, mapping this transition and the flow of activities from Industry 4.0 to 5.0 is gaining attention as Industry 4.0 lacked personalization and customization. This co-existence of man and machine creates a pathway for newer prospects and opportunities to emerge and expand possibilities of personalization with the empowerment of 'human' in the production process. This lays the foundation for this book. This book adopts a forward-looking approach by bringing in research and contributions that facilitate in mapping the consereasons, consequences and solutions for 'man+machine' across industries. This book serves as a guide not just to academia but also to the industry to adopt suitable strategies that offer insights into global best practices as well as the innovations in the domain
Part I. Energy sphere in Industry 4.0 -- Chapter 1. Growth of energy consumption during automatization of production, distribution, and consumption in Industry 4.0 -- Chapter 2. Energy crisis management in Industry 4.0 -- Chapter 3. Renewable energy and evaluation of its applicability in Industry 4.0 -- Chapter 4. Alternative sources of energy and perspectives of their development in Industry 4.0 -- Chapter 5. Consequences of Industry 4.0 for the energy sphere in modern Russia.-Part II. Pollution of environment in Industry 4.0 -- Chapter 6. Increase of production and consumption waste in the course of economic growth and digital modernization -- Chapter 7. Perspectives of decrease of production waste in the circular model of development of Industry 4.0 -- Chapter 8. "Smart" consumption and its consequences for environment pollution -- Chapter 9. Environment pollution in Industry 4.0 in Russia's regional economy: linear practices vs. circular initiatives -- Chapter 10. Macro-level consequences of digitization of the Russian economy for production waste and climate change -- Part III. Ecological consequences of growth and development of Industry 4.0 -- Chapter 11. Consequences of transition to Industry 4.0 for economy's resource efficiency: the specifics of developed and developing countries -- Chapter 12. Ecological consequences of development of "smart" productions in countries that implement the resource models of economic growth -- Chapter 13. Post-industrial economies on the path to Industry 4.0: consequences for fighting climate change -- Chapter 14. Consumer society in Industry 4.0: mass needs and individual limitations, dictates by the digital society, based on ecological responsibility -- Chapter 15. Ecological consequences of transition to Industry 4.0 for Russia: economic growth vs. environment protection -- Part IV. Industry 4.0 as an alternative to fighting climate change -- Chapter 16. Competition between "green" projects and projects in the sphere of Industry 4.0 in the global investments markets -- Chapter 17. Limited opportunities of financing of national projects in the sphere of Industry 4.0 and fighting climate change in the conditions of deficit of budget assets -- Chapter 18. Competition between initiatives of international organizations for supporting the practices of transition to Industry 4.0 and the practices of fighting climate change -- Chapter 19. Investment and innovative decisions of corporate structures during making a choice between transition to Industry 4.0 and "green" production -- Chapter 20. The alternative character of national projects in the sphere of Industry 4.0 and fighting climate change in modern Russia -- Part V. A systemic view at consequences of Industry 4.0 for climate change -- Chapter 21. The anthropogenic scenario of development of the global economy based on Industry 4.0: consequences for climate change -- Chapter 22. Scenario of moderate digitization of the global economy based on Industry 4.0 and delayed climate change fighting -- Chapter 23. Scenario of well-balanced development of Industry 4.0 and "green" economy in the global economy -- Chapter 24. Scenario analysis of the consequences of Industry 4.0 for climate change in modern Russia -- Chapter 25. The concept of limiting the negative influence of Industry 4.0 on environment in Russia.
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The advent of the fourth industrial revolution, Industry 4.0, brings about both opportunities and challenges that are likely to set developed economies even farther apart from emerging economies. This book, through the perspective of researchers in the emerging markets, presents analyses on a number of issues important to entrepreneurial finance, such as debt financing, mergers and acquisitions, stock market efficiency, resource allocation and consumption, and sustainable development. It aims at improving our understanding of the financing needs as well as the financial risks involved in entrepreneurial endeavors in less developed settings in the new era.
In: Accurate:; Journal of Mechanical Engineering and Science, Vol.02, No.02, October 2021, pp. 17-22, Online ISSN:; 2722-5089, DOI:; 10.35970/;accurate.v2i2.1079