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Industry 4.0 in Smes Across the Globe

Industry 4.0 in Smes Across the Globe
Author: Taylor & Francis Group
Publisher: CRC Press
Total Pages: 264
Release: 2021-12-20
Genre:
ISBN: 9780367761905

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The field of Small and Medium-Sized Enterprises (SMEs) digitalization is becoming more mature and has a significant contribution to fully develop the agenda of Industry 4.0. Since SMEs are known to have challenges around Industry 4.0 implementation, this book integrates experience from 14 countries worldwide.


Industry 4.0 in Smes Across the Globe: Challenges and Opportunities

Industry 4.0 in Smes Across the Globe: Challenges and Opportunities
Author: Parker Turner
Publisher: Clanrye International
Total Pages: 0
Release: 2023-09-19
Genre: Business & Economics
ISBN: 9781647266653

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Industry 4.0 refers to the fourth industrial revolution that began in 2011. It has revolutionized the ways in which companies carry out their operations, and manufacture and distribute their products. The industrial environment is drastically changing with the introduction of technologies such as artificial intelligence, cloud computing, Internet of things (IoT), machine learning, and data analytics. Modern smart technologies are used for analyzing and diagnosing problems that enable the companies to make better decisions without human intervention. Smart manufacturing incorporates computer-integrated manufacturing to increase automation and self-optimization of process improvements. Although Industry 4.0 practices are largely beneficial for all industries, their application in SMEs face certain challenges in terms of safety and ergonomics of the workplace, lazy change management approach, and lack of a roadmap for Industry 4.0 implementation. This book explores the concept of Industry 4.0 for small and medium enterprises. It is a resource guide for professionals and students.


Industry 4.0 in Small and Medium-Sized Enterprises (SMEs)

Industry 4.0 in Small and Medium-Sized Enterprises (SMEs)
Author: Ketan Kotecha
Publisher: CRC Press
Total Pages: 224
Release: 2022-03-11
Genre: Technology & Engineering
ISBN: 1000548945

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Focusing on the broader areas of Industry 4.0 as it applies to small and medium-sized enterprises (SMEs), this book offers a smooth adoption of techniques and technologies and presents advances, challenges, and opportunities for implementation. It will also enhance the role of academia by training new engineers on Industry 4.0 and digital transformation. Industry 4.0 in Small and Medium-Sized Enterprises (SMEs): Opportunities, Challenges, and Solutions presents concepts of predictive maintenance, digital factory, digital twin, additive manufacturing, and machining for sustainable development. It discusses the challenges faced by adopting Industry 4.0 including new security and privacy measures in the whole smart manufacturing setup while also explaining the impact of Industry 4.0 on Lean production systems. Implementation recommendations in the form of case studies, research studies, and the role academia can play are also provided. Practitioners, research scholars, academicians, and those studying or working in the Industry 4.0 sector will find this book of interest.


Challenges and Opportunities for SMEs in Industry 4.0

Challenges and Opportunities for SMEs in Industry 4.0
Author: Noor Hazlina Ahmad
Publisher:
Total Pages: 300
Release: 2020
Genre: Industrial management
ISBN: 9781799825777

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"This book explores the challenges and opportunities for small and medium enterprises in Industry 4.0"--


Industry 4.0 for SMEs

Industry 4.0 for SMEs
Author: Dominik T. Matt
Publisher: Springer Nature
Total Pages: 435
Release: 2020-01-03
Genre: Business & Economics
ISBN: 3030254259

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This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.


Industry 4.0 for SMEs

Industry 4.0 for SMEs
Author: Dominik T. Matt
Publisher: Palgrave Macmillan
Total Pages: 412
Release: 2021-02-13
Genre: Business & Economics
ISBN: 9783030254278

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This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.


Implementing Industry 4.0 in SMEs

Implementing Industry 4.0 in SMEs
Author: Dominik T. Matt
Publisher: Springer Nature
Total Pages: 449
Release: 2021-05-08
Genre: Business & Economics
ISBN: 3030705161

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This open access book addresses the practical challenges that Industry 4.0 presents for SMEs. While large companies are already responding to the changes resulting from the fourth industrial revolution , small businesses are in danger of falling behind due to the lack of examples, best practices and established methods and tools. Following on from the publication of the previous book ‘Industry 4.0 for SMEs: Challenges, Opportunities and Requirements’, the authors offer in this new book innovative results from research on smart manufacturing, smart logistics and managerial models for SMEs. Based on a large scale EU-funded research project involving seven academic institutions from three continents and a network of over fifty small and medium sized enterprises, the book reveals the methods and tools required to support the successful implementation of Industry 4.0 along with practical examples.


The Changing Role of SMEs in Global Business

The Changing Role of SMEs in Global Business
Author: Alkis Thrassou
Publisher: Springer Nature
Total Pages: 258
Release: 2020-11-08
Genre: Business & Economics
ISBN: 3030458318

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SMEs are significant job creators and drivers of innovation and competition in most economic sectors. Furthermore, the traditional constraints of small and medium enterprises, such as geographic operations, are now being dissolved by technological developments. This means that there are new opportunities for SMEs, and their fundamental principles are being redefined: the aims, competencies, strategy, management, practice, and scope of these businesses are changing, with wide-ranging implications. This is the first part of a two volume work that incorporates scientific chapters on SME business theory and practice. Authors provide a balanced perspective of the present and future of SMEs across all business disciplines, including management, strategy, marketing, economics, and finance. While Volume II explores external issues such as contextual forces, the effects of the financial crisis, and macro-economic effects, this first volume focuses on the individual SME and internal issues such as innovation, quality, and digitization.


Research Anthology on Cross-Industry Challenges of Industry 4.0

Research Anthology on Cross-Industry Challenges of Industry 4.0
Author: Management Association, Information Resources
Publisher: IGI Global
Total Pages: 2004
Release: 2021-02-05
Genre: Technology & Engineering
ISBN: 1799886077

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As Industry 4.0 brings on a new bout of transformation and fundamental changes in various industries, the traditional manufacturing and production methods are falling to the wayside. Industrial processes must embrace modern technology and the most recent trends to keep up with the times. With “smart factories”; the automation of information and data; and the inclusion of IoT, AI technologies, robotics, and cloud computing comes new challenges to tackle. These changes are creating new threats in security, reliability, the regulations around legislation and standardization of technologies, malfunctioning devices or operational disruptions, and more. These effects span a variety of industries and need to be discussed. Research Anthology on Cross-Industry Challenges of Industry 4.0 explores the challenges that have risen as multidisciplinary industries adapt to the Fourth Industrial Revolution. With a shifting change in technology, operations, management, and business models, the impacts of Industry 4.0 and digital transformation will be long-lasting and will forever change the face of manufacturing and production. This book highlights a cross-industry view of these challenges, the impacts they have, potential solutions, and the technological advances that have brought about these new issues. It is ideal for mechanical engineers, electrical engineers, manufacturers, supply chain managers, logistics specialists, investors, managers, policymakers, production scientists, researchers, academicians, and students looking for cross-industry research on the challenges associated with Industry 4.0.


Digital Transformation in African SMEs: Emerging Issues and Trends: Volume 2

Digital Transformation in African SMEs: Emerging Issues and Trends: Volume 2
Author: Mohammed Majeed, Abdul-Razak Abubakari, Awini Gideon, Jayadatta S.
Publisher: Bentham Science Publishers
Total Pages: 167
Release: 2024-02-15
Genre: Business & Economics
ISBN: 9815223364

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Digital Transformation in Education and Artificial Intelligence: Emerging Markets and Opportunities aims to shed light on the various advantages and drawbacks of the same along with the opportunities and markets that are emerging because of digital transformation. This volume encompasses diverse perspectives on the digital landscape for Small and Medium Enterprises (SMEs). It delves into the use of digital tools like Big Data, IoT, AI, and ML in Chapter 1, followed by an exploration of factors influencing online shopping adoption in SMEs in Ghana (Chapter 2). Chapter 3 sheds light on the digital transformation of African SMEs, while Chapter 4 offers insights into the consequences of digitalization for SMEs in Sub-Saharan Africa. The subsequent chapters cover topics such as the impact of Big Data on SMEs' performance, digitization initiatives for African telecom service providers, the role of social media as a promotional tool for SMEs in Ghana, and the utilization of Artificial Intelligence by SMEs in Africa, addressing both benefits and challenges. The chapters provide information for educators at all levels to obtain a complete understanding of the technology-based environment that impacts teaching and commerce. It also serves as a resource for policymakers, entrepreneurs, researchers, and students interested in digital transformation in Africa.