Abstract

With regard to the currently perceptible technological, social and economic change, also known as the “Fourth Industrial Revolution” or “Internet of Things”, small and medium-sized enterprises (SMEs) in particular are confronted with various obstacles in their attempt of keeping pace. For example, there is a lack of orientation of which I4.0 technology is suitable for a target-oriented application. Furthermore, the actual or potential effects of I4.0 can only be estimated insufficiently and SMEs are at a disadvantage compared to large companies due to lower monetary and personnel capacities. In this publication these obstacles on the way to become an I4.0 company are taken up and the core elements of a methodical solution approach in the form of the “Potential Model” are explained in detail. Thereby the Potential Model is intended to support SMES at the rough-quantitative evaluation of I4.0 and the development of I4.0 implementation strategies with minimal monetary and time-related efforts needed.

Details

Title
POTENTIAL MODEL - METHODICAL EVALUATION OF INDUSTRY 4.0 TECHNOLOGIES
Author
Schneider, David 1 ; Huth, Tobias 1 ; Vietor, Thomas 1 

1  Technische Universität Braunschweig, Institute for Engineering Design 
Pages
2429-2438
Section
Article
Publication year
2021
Publication date
Aug 2021
Publisher
Cambridge University Press
e-ISSN
2732-527X
Source type
Conference Paper
Language of publication
English
DOI
https://doi.org/10.1017/pds.2021.504
ProQuest document ID
2886552425
Copyright
The Author(s), 2021. Published by Cambridge University Press. This work is licensed under the Creative Commons  Attribution – Non-Commercial – No Derivatives License This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work. (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.