Abstract
This first chapter is based on Industry 4.0 in its entirety; origin, definition of the Fourth Industrial Revolution, its main characteristics, current transformation segments, challenges and opportunities, the presence of companies in worldwide network Industry 4.0, the disruptive technologies with a significant potential to drive economic impact and disruption, implications and challenges for business leaders in this new technological and business landscape.
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Notes
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Taylorism—the ‘scientific management’ approach that breaks tasks down into smallest components; Fordism—the approach to standardised mass production pioneered by the Ford motor company.
- 2.
Cited also, available from https://www.theseus.fi/handle/10024/123113.
- 3.
Cited also, available from Masters thesis-latest; Industry 4.0 & competitive advantage (Final) Henrik Paasikivis152449.docx.
- 4.
- 5.
The study’s focus is based on the results of the project Industrie 4.0—International Benchmark, Future Options and Recommendations for Production Research (INBENZHAP), which was also funded by the BMWi. Among other things, this project recommended that German businesses should cooperate with international partners and that Germany should play a leading role in the field of standardisation.
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Landeta Echeberria, A. (2020). The Industrial Internet and the Potentially Economically Disruptive Technologies. In: A Digital Framework for Industry 4.0. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-60049-5_1
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