CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT
The changing business environment has influenced new innovation development, which is currently described as the upcoming 4 industrial revolution. The development of Internet of Things, Big Data concepts increased the productivity of various businesses and influenced the appearance of new business...
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Format: | Article |
Language: | English |
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FINTECH Alliance LLC
2017-12-01
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Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
Subjects: | |
Online Access: | https://fkd.net.ua/index.php/fkd/article/view/1702 |
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author | V. Navickas S. А. Kuznetsova V. Gruzauskas |
author_facet | V. Navickas S. А. Kuznetsova V. Gruzauskas |
author_sort | V. Navickas |
collection | DOAJ |
description |
The changing business environment has influenced new innovation development, which is currently described as the upcoming 4 industrial revolution. The development of Internet of Things, Big Data concepts increased the productivity of various businesses and influenced the appearance of new business models. A more advanced concept of technologies in recent years has been analysed in the context of advanced production. The appearance of cyber–physical systems and possible implementation in various other industries than production is even more stimulating the realization of the ideal Industry 4.0 concept. Therefore, it is important to identify how exactly cyber–physical systems is stimulating Industry 4.0 and to provide insights for future research. The authors of this paper provide the motivation for Industry 4.0, describes the concept of cyber–physical systems and their new implications. In the end the authors provides new and future business models. This publication is contributing to the understandment of the new competitiveness environment strategies. The authors amplifies the necessity to continue research focusing on cyber–physical systems implementation in supply chain management context, because supply chain management has only a limited amount of implications and research regarding the cyber–physical systems.
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first_indexed | 2024-03-12T10:43:21Z |
format | Article |
id | doaj.art-28f11e68e4d74dadb11f6eb46f472174 |
institution | Directory Open Access Journal |
issn | 2306-4994 2310-8770 |
language | English |
last_indexed | 2024-03-12T10:43:21Z |
publishDate | 2017-12-01 |
publisher | FINTECH Alliance LLC |
record_format | Article |
series | Фінансово-кредитна діяльність: проблеми теорії та практики |
spelling | doaj.art-28f11e68e4d74dadb11f6eb46f4721742023-09-02T07:48:41ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702017-12-0122310.18371/fcaptp.v2i23.121475CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXTV. Navickas0S. А. Kuznetsova1V. Gruzauskas2School of Economics and Business Kaunas University of TechnologyBanking University (Kyiv)School of Economics and Business, Kaunas University of Technology The changing business environment has influenced new innovation development, which is currently described as the upcoming 4 industrial revolution. The development of Internet of Things, Big Data concepts increased the productivity of various businesses and influenced the appearance of new business models. A more advanced concept of technologies in recent years has been analysed in the context of advanced production. The appearance of cyber–physical systems and possible implementation in various other industries than production is even more stimulating the realization of the ideal Industry 4.0 concept. Therefore, it is important to identify how exactly cyber–physical systems is stimulating Industry 4.0 and to provide insights for future research. The authors of this paper provide the motivation for Industry 4.0, describes the concept of cyber–physical systems and their new implications. In the end the authors provides new and future business models. This publication is contributing to the understandment of the new competitiveness environment strategies. The authors amplifies the necessity to continue research focusing on cyber–physical systems implementation in supply chain management context, because supply chain management has only a limited amount of implications and research regarding the cyber–physical systems. https://fkd.net.ua/index.php/fkd/article/view/1702Cyber–physical systemsIndustry 4.0competitivenessbusiness modelssupply chain management. |
spellingShingle | V. Navickas S. А. Kuznetsova V. Gruzauskas CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT Фінансово-кредитна діяльність: проблеми теорії та практики Cyber–physical systems Industry 4.0 competitiveness business models supply chain management. |
title | CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT |
title_full | CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT |
title_fullStr | CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT |
title_full_unstemmed | CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT |
title_short | CYBER–PHYSICAL SYSTEMS EXPRESSION IN INDUSTRY 4.0 CONTEXT |
title_sort | cyber physical systems expression in industry 4 0 context |
topic | Cyber–physical systems Industry 4.0 competitiveness business models supply chain management. |
url | https://fkd.net.ua/index.php/fkd/article/view/1702 |
work_keys_str_mv | AT vnavickas cyberphysicalsystemsexpressioninindustry40context AT sakuznetsova cyberphysicalsystemsexpressioninindustry40context AT vgruzauskas cyberphysicalsystemsexpressioninindustry40context |