Open AccessKEY INFORMATION TECHNOLOGIES OF INDUSTRY 4.0
Author(s) -
Savo Stupar,
Emir Kurtović,
Mirha Bičo Ćar
Publication year - 2020
Publication title -
zbornik radova ekonomskog fakulteta u istočnom sarajevu
Language(s) - English
Resource type - Journals
eISSN - 1986-6690
pISSN - 1840-3557
DOI - 10.7251/zrefis2020059s
Subject(s) - computer science , cloud computing , emerging technologies , the internet , key (lock) , big data , information technology , relation (database) , creativity , telecommunications , identification (biology) , data science , world wide web , computer security , artificial intelligence , database , political science , law , operating system , botany , biology
In the last ten years, three new information technologies have emerged, representing the realization of old (by the time of emergence) theoretical concepts, but new in creativity and innovation, as well as incredible potential for the realization of revolutionary ideas and changes in all areas of human activity, which by one name they call 4th Industrial Revolution or Industry 4.0. They are: Big Data Analytics technology, Cloud Computing and Blockchain technology. Each of them individually represents the realization of new paradigms of computer data processing, which could not be practically implemented until the development of information and communication technologies, especially the Internet, Web applications, new operating systems, network technologies, mobile telephony, technologies of advancement of hardware performances, internet of things, etc. The primary aim of this paper is to get acquainted with the characteristics of these technologies and their potentials, their advantages and disadvantages in relation to traditional technologies, identification of areas and ways of their both current and future applications. The ultimate goal is to explain the incredible potential of these technologies, creating the foundation for their combined application in the creation of new Industry 4.0 products, which should result in a synergistic effect.