the article touches on the fact that for a long time, engineers designing products had no information about how those products then performed in real life. For them, the products were sent like «to the dark side of the moon». Managing the complete life cycle of a product from idea to decommissioning remained an idea from the realm of science fiction. Now everything has changed. Industrial enterprises introduced the technology concept of a «digital twin», a computer image corresponding to a specific physical product. From now on, if a product is equipped with sensors (at the design stage or dur...
the growth in the number of online payments and transactions in financial markets is exacerbating problems of personal data safety and identity security, which increases the demand for data encryption technologies. While demanding safer and better financial services, not all users are willing to pay high transaction costs. Distributed ledger technology can reduce costs and also increase the reliability of any type of transaction. In the future, such technology can completely transform the financial sector and significantly reduce the role of intermediaries
the Fourth Industrial Revolution represents the latest transformation of means of production in the history of humanity. These innovations are built upon preceding technical progress, starting from the creation of the network itself, its evolution from static to social through the introduction of blogs, wikis, and web services, further enriching it with semantic data to facilitate inter-machine interaction, and culminating in its current state. This work provides an overview of the most interesting methods and approaches in applying artificial intelligence within Industry 4.0 to address the op...
the creation of added value in early industrialized countries is currently defined by the transition to the fourth stage of industrialization, known as Industry 4.0. This development follows the third industrial revolution, which began in the early 1970s and relied on electronics and information technologies to achieve a high level of production automation. If information was the main element in the production function of post-industrial economies, then data is the key element in Industry 4.0. Industry 4.0 is characterized by the use of digital technologies, 'smart' concepts, ensuring continuo...
the business model is a mandatory part of any firm's business plan, regardless of its size, profit level, or other characteristics. Based on it it’s possible to reveal problem areas of the business and direct the efforts to fix them. However, using only this model does not allow observing a business in detail, so it is important to be able to apply other methods. In the course of the work, it is planned to show the effectiveness of applying the methods of architectural approach to business improvement, especially in the field of sustainability.
today, Industry 4.0 technologies are an integral part of changes in many sectors of the economy. There is no doubt that digitalization has a significant impact on enhancing business processes, service quality, and expanding the range of services offered, making a huge contribution to the implementation of the concept of sustainable development.
