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Risk Management Implementation

  • Kaushik KumarEmail author
  • Divya Zindani
  • J. Paulo Davim
Chapter
Part of the SpringerBriefs in Applied Sciences and Technology book series (BRIEFSAPPLSCIENCES)

Abstract

Management of production and manufacturing processes has been automatized in the Industry 4.0 era. This has been possible with the development of more complex IT infrastructure resulting into modified network and frameworks. However, with the modifications comes the risks. The framework comprises of connections between manufacturing systems, objects, activities and humans. Owing to the connections and real time processing of data, frameworks have become more complex. Furthermore, from time to time, there is always requirement to upgrade the existing management infrastructure, production infrastructure and the related technologies. This is because of the volume of data generated and the demand for mass customization of products. As such the risks associated under such environment is inevitable. The theme of the present chapter is to illuminate its readers with the aspects of risk management in Industry 4.0 era and its implementation through a dedicated framework.

Keywords

Risk management Industry 4.0 Modified framework Implementation IT infrastructure 

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Copyright information

©  The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Department of Mechanical EngineeringBirla Institute of TechnologyMesra, RanchiIndia
  2. 2.Department of Mechanical EngineeringNational Institute of Technology SilcharSilchar, CacharIndia
  3. 3.Department of Mechanical EngineeringUniversity of AveiroAveiroPortugal

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