Digitalization and Development

This book examines the diffusion of digitalization and Industry 4.0 technologies in Malaysia by focusing on the ecosystem critical for its expansion. The chapters examine the digital proliferation in major sectors of agriculture, manufacturing, e-commerce and services, as well as the intermediary organizations essential for the orderly performance of socioeconomic agents. The book incisively reviews policy instruments critical for the effective and orderly development of the embedding organizations, and the regulatory framework needed to quicken the appropriation of socioeconomic synergies from digitalization and Industry 4.0 technologies. It highlights the importance of collaboration between government, academic and industry partners, as well as makes key recommendations on how to encourage adoption of IR4.0 technologies in the short- and long-term. This book bridges the concepts and applications of digitalization and Industry 4.0 and will be a must-read for policy makers seeking to quicken the adoption of its technologies

Digitalization of Offshore Wind Farm Systems

Master's thesis in Offshore Technology: Industrial asset managementThis thesis investigates how new digital technologies and digitalization can help further evolve the offshore wind industry using the Industry 4.0 concept as a basis and explores how technologies within this concept can contribute to an offshore wind farm that overcomes some of these challenges. The study focuses on an offshore wind farm from a systems perspective, including respective modules, and where the Industry 4.0 technologies can be applied. Following this is the establishment of a systematic digitalization framework and a proposal on how to cope with increased volumes of data, connectivity, and complexity.publishedVersio

Supply Chain Digitalization – Optimizing The Factory Material Flow

Nykypäivän kiristynyt kilpailu ja edistyneet toimitusketjut edellyttävät entistä parempaa tomistusketjun digitalisointia parantamaan tehokkuutta, toimistusvarmuutta ja yrityksen kannattavuutta. Toimitusketjun digitalisoinnin avulla voidaan tukea reaaliaikaisesti muuttuvaa kysyntää valmistusyksikössä, luomalla älykäs toimitusketju joka tukee kysyntälähtöistä arvoketjua. Tämän tutkimuksen tarkoituksena on selvittää ja esittää kohdeyritykselle mahdolliset toiminallisuudet ja tuotteet SAP S/4HANA:sta jotka tukevat kohdeyrityksen nykyisiä ja suunniteltuja toimitusketjun prosesseja. Työssä tutkitaan hankinnasta, varastonhallintaan ja valmistukseen liittyviä toiminallisuuksia. Toiminnallisuudet analysoidaan kohdeyrityksen näkökulmasta ja verrataan vaatimuksiin, joita kohdeyrityksessa nostetaan esille. Tutkielman teoreettinen osuus pohjautuu toimitusketjun ja ERP SAP uuteen tuotteeseen SAP S/4HANA. Toimitusketjun osuudessa tuodaan esille, kuinka vaatimukset Toimitusketju 4.0 ja Teollisuus 4.0 voidaan nähdä suuntaviivoina SAP S/4HANA:n kehitykselle. Empiirinen osuus jakautuu kahteen tutkimuskysymykseen: Mitkä ovat tulevaisuuden mahdollisuudet visualisoida, arvioida ja optimoida toimitusketjua SAP S/4HANA ydintoiminnoilla? Mitä hyötyä kohde-yritys voi saavuttaa ottamalla käyttöön SAP S/4HANA laajennetut toiminallisuudet? Työn tuloksena saatiin ymmärrys SAP S/4HANA tuotteesta ja sen mahdollisuuksista toimitusketjun osalta. SAP S/4HANA tuotteena tukee monia kohdeyrityksen vaatimuksia ylätasolla, mutta vaatii konkreettisempia tutkimuksia ja testausta kohdeyrityksen työskentely ympäristössä sekä pitäisi hyödyntää kohdeyrityksen dataa.Today’s increasing competition and advanced supply chain needs better digitized supply chain to improve efficiency, on time delivery and business profitability. Supply chain digitalization enable to have real- time optimized supply chain. Supply chain management supporting the variable manufacturing unit demand by creating smart supply chain that supports the demand-driven value chain. The purpose of the study is to investigate and present how the SAP S/4HANA functionalities and products could support the case company and defined supply chain processes. The study explores supply chain from purchasing, inventory management to manufacturing. Functionalities are analysed from case company perspective and are compared to requirements what case company has raised up. Theoretical chapters focus on the supply chain and ERP SAP new product SAP S/4HANA. Supply chain chapter is divided to Supply 4.0 and Industry 4.0 to bring up the view how the SAP S/4HANA is aligned with these topics. Empirical part is divided into two research questions: What are the future capabilities to visualize, evaluate and optimize the supply chain including the core functionalities of the SAP S/4HANA? What benefits the case company can achieve by implementing the extended functionalities of the SAP S/4HANA? As a result of the study a good understanding of the SAP S/4HANA product and the possibility related to supply chain was reached. SAP S/4HANA as a product supports most of the requirements from case company in high level but requires more specific research and testing in company environment with real company data

Digitalization and Development

This book examines the diffusion of digitalization and Industry 4.0 technologies in Malaysia by focusing on the ecosystem critical for its expansion. The chapters examine the digital proliferation in major sectors of agriculture, manufacturing, e-commerce and services, as well as the intermediary organizations essential for the orderly performance of socioeconomic agents. The book incisively reviews policy instruments critical for the effective and orderly development of the embedding organizations, and the regulatory framework needed to quicken the appropriation of socioeconomic synergies from digitalization and Industry 4.0 technologies. It highlights the importance of collaboration between government, academic and industry partners, as well as makes key recommendations on how to encourage adoption of IR4.0 technologies in the short- and long-term. This book bridges the concepts and applications of digitalization and Industry 4.0 and will be a must-read for policy makers seeking to quicken the adoption of its technologies

An Edge-Cloud based Reference Architecture to support cognitive solutions in Process Industry

Process Industry is one of the leading sectors of the world economy, characterized however by intense environmental impact, and very high-energy consumption. Despite a traditional low innovation pace in PI, in the recent years a strong push at worldwide level towards the dual objective of improving the efficiency of plants and the quality of products, significantly reducing the consumption of electricity and CO2 emissions has taken momentum. Digital Technologies (namely Smart Embedded Systems, IoT, Data, AI and Edge-to-Cloud Technologies) are enabling drivers for a Twin Digital-Green Transition, as well as foundations for human centric, safe, comfortable and inclusive workplaces. Currently, digital sensors in plants produce a large amount of data, which in most cases constitutes just a potential and not a real value for Process Industry, often locked-in in close proprietary systems and seldomly exploited. Digital technologies, with process modelling-simulation via digital twins, can build a bridge between the physical and the virtual worlds, bringing innovation with great efficiency and drastic reduction of waste. In accordance with the guidelines of Industrie 4.0 this work proposes a modular and scalable Reference Architecture, based on open source software, which can be implemented both in brownfield and greenfield scenarios. The ability to distribute processing between the edge, where the data have been created, and the cloud, where the greatest computational resources are available, facilitates the development of integrated digital solutions with cognitive capabilities. The reference architecture is being validated in the three pilot plants, paving the way to the development of integrated planning solutions, with scheduling and control of the plants, optimizing the efficiency and reliability of the supply chain, and balancing energy efficiency

Sustainable engineering challenges towards Industry 4.0: A comprehensive review

This article reviews Industry 4.0, its emerging phase, implementation, challenges, benefits, etc. It combines various fields where it has any influence and leaves some changes and where it requires some adaptation. Papers from the last 4 years are taken and analyzed, what is written about this topic in various countries with different backgrounds and economic development. Industry 4.0 affects the production environment by introducing new technologies which require a better-educated workforce so it affects education and requires some changes in curricula and ways of teaching. It brings new challenges and asks for a new approach from management to be able to handle fast and big changes in the business environment and to implement such innovation in production effectively

Industry 4.0 implications in logistics: an overview

During the last decade, the use and evolution of Information and Communication Technologies (ICT) in industry have become unavoidable. The emergence of the Industry Internet of Things (IIoT) promoted new challenges in logistic domain, which might require technological changes such as: high need for transparency (supply chain visibility); integrity control (right products, at the right time, place, quantity condition and at the right cost) in the supply chains. These evolvements introduce the concept of Logistics 4.0. In this paper, it is presented some reflections regarding the adequate requirements and issues enabling organizations to be efficient, and fully operational in Logistics 4.0 context.(undefined)info:eu-repo/semantics/publishedVersio

Emerging Technology in Business and Finance

In the globalized scenario where technologies are developing continuously with time, these novel methods are affecting the business and finance in the significant way. In this chapter we are going to discuss about the major emerging technologies in the field of entrepreneurship, application development, finance, and business. The authors are going to start with the introduction about the business, finance, entrepreneurship and application development, and the effect of the emerging technologies on these fields and the way in which technologies are developing from time to time, about adoption of these technologies by industries. The changes in the technologies with special reference to developed and developing country will also be the part of this chapter. Moving ahead we are discussing about these technologies in prevailing businesses as well as upcoming business. Some of the technologies we are going to discuss are Embedded Business Intelligence, Amplified Visual Presentation, Augmented Analytics, Cloud Management. Beside these technologies, we are going to cover about the growing automation in the finance sector such as Cloud banking, Robotic process automation, Blockchain, Internet of things, etc. This chapter will cover all the technologies while getting the complete knowledge about what, why, where, when and how it is changing in the present finance and business scenario. Just like the two opposite faces of the coin, one side these emerging technologies are boon for the business and finances then on the other side there are certain risks involved in these technologies, which can be a great threat to our business as well as in our routine life. So, we also discuss about the potential risks associated with these technologies. We will end our chapter by giving our conclusion, precautions, and suggestions on these technologies

The impact of digitalization on marketing strategies: empirical evidence in BtoB and BtoC firms.

Our era is characterized by a great digital and technological disruption that is changing both the social and economic landscape. Firms have to implement new business strategies, technologies and skills to remain competitive. This process of evolution is known under the heading of digital transformation which encompasses internal and organizational changes for firms, the implementation of new skills, new digital technologies and capabilities. One of the most promising among these technologies is the Internet of Things – IoT, which is gaining additional interest from businesses and academic researchers, due to its great opportunities for both firms and people. With our work, we aim to analyze the main impacts that the digital transformation, and the IoT as part of it, are having on the relationship between the firm and its market. Making a distinction between BtoB and BtoC markets, we have studied how the marketing strategies have been changed by the IoT and data analysis. Capitalizing on a literature review, we have formulated six propositions related to our research question, involving both direct and indirect impacts of the IoT on marketing. These hypotheses have been proved with some empirical case studies. The indirect consequences are referred to the organizational and cultural changes which are inevitable for a successful adoption of IoT solutions. While the direct changes are related to two marketing areas in particular: the customer engagement/relationship and the servitization and digital servitization, which benefit the most from IoT implementation as suggested by the case-study analysis.ope