International Journal of Industrial Engineering and Management

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Vol. 8 No. 1 (2017)
Original Research Article

From Concept to the Introduction of Industry 4.0

Marina Crnjac
University of Split, Faculty of Electrical Engineering, Mechanical Engineering and Naval Architecture
Bio
Ivica Veža
University of Split, Faculty of Electrical Engineering, Mechanical Engineering and Naval Architecture
Bio
Nikola Banduka
University of Kragujevac, Faculty of Engineering
Bio

Published 2017-03-30

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Keywords

  • business concept,
  • Industry 4.0,
  • new business model,
  • smart factory,
  • smart product

How to Cite

Crnjac, M., Veža, I., & Banduka, N. (2017). From Concept to the Introduction of Industry 4.0. International Journal of Industrial Engineering and Management, 8(1), 21–30. https://doi.org/10.24867/IJIEM-2017-1-103

Abstract

Industry 4.0 is very popular topic today because of its big influence on manufacturing.Industry 4.0 is focused on creating “smart” environment within production system. Several priority areas of action, inorder to get closer to the state of Industry 4.0. are shown. There are also the most important changes, that will occur in the manufacturing operations and information technology. Someleading manufacturers of technology for Industry 4.0 are presented. Many papers explore new business concepts and strategies for adaption to new industrial revolution. This paper provides an overview of several concepts and strategies. Different strategies and concepts selected from literature are compared in order to detect the areas that are not covered.

 

Article history: Received (26.11.2016); Revised (08.02.2017); Accepted (02.03.2017)  

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