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Fourth Industrial Revolution: technological drivers, impacts and coping methods

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TLDR
In this paper, the authors discuss the specific technology niches of each kind technological driver behind the fourth industrial revolution, and then evaluate impacts of the Fourth Industrial Revolution on global industrial, economic, and social development.
Abstract
The world is marching into a new development period when the digital technology, physical technology, and biological technology have achieved an unprecedented development respectively in their own fields, and at the same time their applications are converging greatly. These are the three major technological drivers for the Fourth Industrial Revolution. This paper discusses the specific technology niches of each kind technological driver behind the Fourth Industrial Revolution, and then evaluates impacts of the Fourth Industrial Revolution on global industrial, economic, and social development. At last this paper proposes possible measures and policies for both firms and governments to cope with the changes brought by the Fourth Industrial Revolution.

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When titans meet – Can industry 4.0 revolutionise the environmentally-sustainable manufacturing wave? The role of critical success factors

TL;DR: In this article, the authors make the case for integrating two industrial waves that promise to re-shape current patterns of production and consumption: Industry 4.0 and environmentally-sustainable manufacturing.
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Industry 4.0 in Management Studies: A Systematic Literature Review

TL;DR: A systematic review of the literature of the major academic and research databases has been used as methodology to achieve the aim of the paper as discussed by the authors, which contributes theoretically to the development of literature on Industry 4.0 and from a managerial perspective it could support entrepreneurs in better understanding the implications and fields of application of the Fourth Industrial Revolution as well as the interplay among them.
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Blockchain technology and the circular economy: Implications for sustainability and social responsibility

TL;DR: It is shown that blockchain technology can contribute to the circular economy by helping to reduce transaction costs, enhance performance and communication along the supply chain, ensure human rights protection, enhance healthcare patient confidentiality and welfare, and reduce carbon footprint.
Journal ArticleDOI

Digital servitization in manufacturing: A systematic literature review and research agenda

TL;DR: A review of the literature on digital servitization can be found in this paper, where a case-based approach is used to investigate the role of digital technologies for intermediate and advanced services in industrial equipment, automotive, and IT industries.
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Managing supply chains for sustainable operations in the era of industry 4.0 and circular economy: Analysis of barriers

TL;DR: In this paper, the authors identify the major criteria for sustainable operations and barriers that need to be overcome to achieve the objectives of sustainability through literature review and experts' opinions, and an integrated approach comprising Analytic Hierarchy Process (AHP) and Elimination and Choice Expressing Reality (ELECTRE) is used to analyze these barriers and ensure the sustainable supply chain operations.
References
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Journal ArticleDOI

The Internet of Things: A survey

TL;DR: This survey is directed to those who want to approach this complex discipline and contribute to its development, and finds that still major issues shall be faced by the research community.
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The internet of things: a survey

TL;DR: The definitions, architecture, fundamental technologies, and applications of IoT are systematically reviewed and the major challenges which need addressing by the research community and corresponding potential solutions are investigated.
Book

The Fourth Industrial Revolution

Klaus Schwab
TL;DR: The response to this technological revolution must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society, as mentioned in this paper.
Journal ArticleDOI

Reach and grasp by people with tetraplegia using a neurally controlled robotic arm

TL;DR: The results demonstrate the feasibility for people with tetraplegia, years after injury to the central nervous system, to recreate useful multidimensional control of complex devices directly from a small sample of neural signals.
Journal ArticleDOI

Preparing a nation for autonomous vehicles: opportunities, barriers and policy recommendations

TL;DR: In this article, the authors proposed a nationally recognized licensing framework for AVs, determining appropriate standards for liability, security, and data privacy, which can be used to improve vehicle safety, congestion, and travel behavior.