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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Main Authors: V. Navickas, S. А. Kuznetsova, V. Gruzauskas
Format: Article
Language:English
Published: FINTECH Alliance LLC 2017-12-01
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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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