A NEW THEME FOR PRODUCTION: INDUSTRY 4.0
Abstract
In recent years, concept of Industry 4.0 and the possible effects of this concept on the
manufacturing and service industries are one of the top priority topic on the agenda of developed free
market economies and multinational corporations which create the links of the international value
chains. This new process is also known as the 4th Industrial Revolution is the next level in automation.
Industry 4.0 connect every tool, machine and sensors that is involved in the manufacturing process to
organize the process simultaneously by connecting them via internet. With this new form of industry,
the necessary data for manufacturing processes will be stored in the cloud servers thus possibly help
the process to surpass the strictness of time and location. With the embracement of advance
engineering and full integration of systems provided by Industry 4.0, high value-added manufacturing
competition will take the place of low labor cost manufacturing. Understanding Industry 4.0 and
integration of it in local industries will help the developing countries to get their parts in the
international division of labor. In this study, the basic characteristics and possible effects of the
conceptualized Industry 4.0 since 2011 is being discussed.
Keywords
References
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Details
Primary Language
Turkish
Subjects
-
Journal Section
Research Article
Authors
Publication Date
April 28, 2016
Submission Date
March 9, 2016
Acceptance Date
-
Published in Issue
Year 2016 Volume: 3 Number: 2