Industry 4.0: Opportunities and Challenges for Operations Management | Zendy

Tava Len Olsen | Zendy; Brian Tomlin | Zendy

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Industry 4.0: Opportunities and Challenges for Operations Management

Author(s) -

Tava Len Olsen,

Brian Tomlin

Publication year - 2019

Publication title -

manufacturing and service operations management

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 7.372

H-Index - 83

eISSN - 1526-5498

pISSN - 1523-4614

DOI - 10.1287/msom.2019.0796

Subject(s) - flexibility (engineering) , industry 4.0 , work (physics) , cyber physical system , quality (philosophy) , business , emerging technologies , the internet , engineering management , computer science , manufacturing , manufacturing engineering , industrial organization , marketing , engineering , economics , artificial intelligence , management , mechanical engineering , philosophy , epistemology , world wide web , embedded system , operating system

Industry 4.0 connotes a new industrial revolution centered around cyber-physical systems. It posits that the real-time connection of physical and digital systems, along with new enabling technologies, will change the way that work is done and therefore, how work should be managed. It has the potential to break, or at least change, the traditional operations trade-offs among the competitive priorities of cost, flexibility, speed, and quality. This article describes the technologies inherent in Industry 4.0 and the opportunities and challenges for research in this area. The focus is on goods-producing industries, which includes both the manufacturing and agricultural sectors. Specific technologies discussed include additive manufacturing, the internet of things, blockchain, advanced robotics, and artificial intelligence.

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