Review article
THE ADVENT OF INDUSTRY 4.0 IN MANUFACTURING INDUSTRY: LITERATURE REVIEW AND GROWTH OPPORTUNITIES
Fabrizio Baldassarre
orcid.org/0000-0003-3210-9556
; University of Bari Aldo Moro Department of Economics, Management and Business Law, UNIBA, Italy
Francesca Ricciardi
; University of Bari Aldo Moro Department of Economics, Management and Business Law, UNIBA, Italy
Raffaele Campo
orcid.org/0000-0002-2857-5805
; University of Bari Aldo Moro Department of Economics, Management and Business Law, UNIBA, Italy
Abstract
Nowadays, the value creation process is based on management of a large amount of data, the Big Data, which are able to connect businesses and customers from all over the world (Xie et al., 2016). Considering the managerial and industrial points of view, Industry 4.0 is a new economic model for the industrial world (Peressotti, 2016), based on the evolution of production paradigm, technological change and process logic adoption: companies should change their business models, invest in staff training, adopting new managerial tools. As a result, the change of the market (from standardized to diversified) with the production of customized products. Machines and robots are able to communicate each other, to take decisions and to self-update. The production lines are automated: control and maintenance tasks can be performed remotely. As a consequence, the creation of the agile value chain: it allows you to monitor large amounts of data in real time, to track status and location of goods, to control the production process distantly. To study the level of adoption of 4.0 industrialization plans, two global indicators have been analyzed: they identify the placement of the largest industrial powers as a result of their industrialization policies adoption. Since the literature review shows few academic contributions and the subject is studied from engineering, computer and industrial design points of view, the objective of the work is to provide a theoretical contribution to managerial and industrial studies: the adoption of innovation in economic policy represents an opportunity to improve the country identity and the competitiveness level. So it is essential to encourage companies to adopt innovative tools, making the production automated. The methodology used is the content analysis technique: literature analysis, reports, conference proceedings, publications and websites are consulted. The originality of the work is to investigate a topic developed recently in Italy.
Keywords
Industry 4.0; smart factory; supply chain
Hrčak ID:
187418
URI
Publication date:
9.10.2017.
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