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Internet of Things in the Context of Industry 4.0: An Overview

Abstract

Due to successive technological advancements, developments and innovations, the global industrial landscape has drastically transformed over the last years. The fourth industrial revolution (Industry 4.0) aims at transforming traditional industries into intelligent ones by incorporating innovative technologies. Industry 4.0 enables physical assets to be integrated into intertwined digital and physical processes thus creating smart factories and intelligent manufacturing environments. Internet of Things (IoT) is a rapidly growing technology that has drastically contributed to the Industry 4.0 realization. IoT pursues to pervade our everyday environment and its objects, linking the physical to the digital world and allowing people and “things” to be connected anytime, anywhere, with anything and anyone ideally using any network and service. IoT is regarded as a dynamic and global network of interconnected “things” uniquely addressable, based on standard and interoperable communication protocols and with self-configuring capabilities. Despite still being at an early development, adoption and implementation stage, Industry 4.0 and IoT can provide a multitude of contemporary solutions, applications and services. Hence, they can improve life quality and yield significant personal, professional and economic opportunities and benefits in the near future. This study scrutinizes IoT in the Industry 4.0 context. More specifically, it presents related studies, describes the IoT concept and explores some of the numerous IoT application domains. Moreover, it presents and analyzes the concept of Industry 4.0 and the benefits it offers as well as the relevant key technologies (e.g. industrial internet of things (IIoT), cyber-physical systems (CPSs), cloud computing, big data and advanced data analytics). Furthermore, it describes the concept of intelligent manufacturing and highlights the main IoT and Industry 4.0 challenges and open research issues. Finally, the need for innovation in the industrial domain and the impact and benefits that IoT and Industry 4.0 provide to everyday life and industries is described.

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The role of Romanian social enterprises in the alleviation of poverty and social exclusion

Development , Vol. 33, pp.243-255. Blackburn, R.M. (1999), “Understanding social inequality”, International Journal of Sociology and Social Policy , Vol. 19, No. 9/10/11, pp.1-22. Cambir, A., and Vasile, V. (2015), “Material dimension of life quality and social inclusion”, Procedia Economics and Finance , Vol. 32, pp.932-939. Daly, M. (2012), “Paradigms in EU social policy: a critical account of Europe 2020”, Transfer: European Review of Labour and Research , Vol. 18, No. 3, pp.273-284. Dertwinkel, T. (2008), “Economic Exclusion of Ethnic

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Human resources in the family business–maximising the power of your people

adjunct positions in leading academic institutions in the United States. Such rich industry insights, largely derived from personal consulting experiences, are infused with theoretical perspectives throughout the text. Like any text aiming to offer guidance and structure to such a varied audience, this text provides practical insights that allow the reader to bring theory to practice , and imbue hypothetical HR issues with a real-life quality. As a reader, one can stop and reflect on how the practical insights would unfold in one’s own context. The text facilitates the

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Analysis of the Evolution of SMEs in Western Romania Between 2011–2014, Using the Mathematical Modelling

Performances by Systematic Problem Analysis with TRIZ. In: EPFL Lausanne, TRIZ Future Conference 14, Global Innovation Convention. Lausanne, Switzerland 11. Ciucan-Rusu, L., & Szabo, Z. (2013) The Pyramid of Entrepreneurship in Romania: Towards New Approach. In: B. Ramadani and C. Schneider, eds., Entrepreneurship in the Balkans. Springer-Verlag. 12. Danacica, D.E. (2006) Cluster Analysis in the Study of Life Quality on the Central and Eastern European Countries, Zagreb International Review of Economics and Business, ZIREB, Vol.X,Nr.1, Croatia

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