University of Aalen

Industry 4.0

What is Industry 4.0?

Industry 4.0  combines  the  strengths  of  traditional  industries  with cutting  edge  internet  technologies.  It  embraces  a  set  of  technologies  enabling smart   products  integrated   into   intertwined   digital   and  physical   processes. Therefore,  many  companies  face  the challenge  to  assess  the  diversity  of developments and  concepts summarized  under  the  term industry 4.0  and  to develop  their  own  corporate  strategies  emerges.  To  support  this,  the  paper presents the result of a study on the potential of industry 4.0. The use of current technologies  like  big data  or cloud-computing are  drivers  for  the  individual potential of use of Industry 4.0. Furthermore mass customization as well as the use of idle data and production time improvement are strong influence factors to the potential of Industry 4.0. On the other hand business process complexity has a negative influence.

Competence Center für betriebliche Informationssysteme im Mittelstand