• SOCIETY & ā€INDUSTRY 4.0ā€

    ANALYSIS OF ENVIRONMENTAL POTENTIAL BY IMPLEMENTING INDUSTRY 4.0

    Industry 4.0, Vol. 1 (2016), Issue 2, pg(s) 141-144

    Due to volatile and fast moving markets, increasing competition or more complex product solutions, industrial companies are facing increasingly intricate challenges. High energy consumption, emissions output, resource scarcity and waste are just some of the issues enterprises have to manage. Industry 4.0 focuses on an intelligent and interconnected world in which smart factories represent the connection between digital and physical production networks. This interconnection can lead to a variety of environmental benefits, such as consuming fewer resources by means of intelligent connectivity of objects. The energy consumption of a company can be reduced by using start-stop technologies or big data transparency concerning resource and energy consumption to reach optimization potential in production.