Benefits to Industry.
What is Industry 4.0?
A new revolution known as Industry 4.0 is occurring where countless elements comprising industrial systems are being interfaced with internet communication technologies to form the smart factories and manufacturing organisations of the future. Industry 4.0 and its associated technologies are currently being driven by disruptive innovation that promises to bring countless new value creation opportunities across all major market sectors. However, existing Internet technologies are plagued by cybersecurity and data privacy issues that will present major challenges and roadblocks for adopters of Industry 4.0 technologies.
Industry 4.0 will face traditional cybersecurity issues along with its very own unique security and privacy challenges. If these challenges are not appropriately addressed, the true potential of Industry 4.0 may never be achieved. This chapter provides a brief overview of several key Industry 4.0 technologies and paradigms in order to give the reader a better understanding of the cybersecurity aspects of the remaining chapters in the book
It’s no secret that Industry 4.0, or the Industrial Internet of Things (IIoT) has the power to drive true quantifiable change in both manufacturing and service-based industries. The immediate bottom-line benefits are clear: fewer machine failures, reduced scrap and downtime issues, and improved throughput – to name a few. However, there are additional, less quantifiable, benefits of implementing this technology.
Industry 4.0 involves technical, organisational, legal and societal challenges which often interact with each other.
The aim is to make machines more intelligent, but how much should a machine or a service decide for itself?
What role do humans play here?
What is the informational basis on which decisions are made?
And who is liable in the event of faults or damage?
For many small and medium-sized enterprises, it’s a challenge to assemble the necessary resources and skills in information and communication technology.
Trends of the future:
2025 and beyond
Source: World Economic Forum 2015
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- How to solve your organisational issues?
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- How to implement IR 4.0?