ERP Internet of Things

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Set of flashcards Details

Flashcards	18
Language	Deutsch
Category	Micro-Economics
Level	Primary School
Created / Updated	03.06.2018 / 03.10.2018
Licencing	Not defined
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When and where did the term Industry 4.0 originate?

In the early1970s in Japan when electronics and IT were used to automate production.

The idea of Industry 4.0 is brand new. Disscussions about Industry 4.0 started in 2014 at the Hasso Plattner Institute in Potsdam.

In Great BRitain at the end of the 18th century when water and steam were first used in production facilities.

The starting point for Industry 4.0 was the first IT summit from the German Government at the Hasso Plattner Institute in 2006.

What industry sector is Industry 4.0 primarly targeting?

The leisure industry

The service industry

The financial industry

The manufacturing industy

Which of the following characterizes industry 4.0 scenarios?

Smart products know how they "want" to be manufactured.

Smart factories integrate all processes, which mean that machines and people do not need to communicate with each other anymore.

Smart machines control the production process using smart services

Smart and intelligent machines communicate with each other and the production process.

One of the key concepts of industry 4.0 is "vertical integration". What is meant by vertical integration?

Integration of all engineering disciplines contributing to a specific outcome

Integration of smart products and smart services

Integration of processes along the value chain

Integration of business processes with the operational processes on the shop floor

What was missing in the past to provide smart services?

(2 correct answers)

Data analyses in real time

Knowledge about the end-users and their demands

The willingness to change business models

Acceptance by users

What industries can benefit from smart services?

Only industries providing services for end-users (instead of business customer services)

Only industries with multiple business models

Only industries that need a large amount of data to provide a service

All Industries

What effects will the Internet of Things have on society?

It will lead to unemployment because robots will do all the work and humans are not needed anymore at factories.

It will lead to increased cost in education as learner use augmented support (such as smart glasses).

It will lead to flexible educational systems because educational curricula can easily be adjusted with the support of the Internet of Things.

It will lead to sustainable growth as intelligent use of data will save energy and resources.

Why are global regluations and laws about data privacy not available today?

Governments need support in defining laws but business is not interested in data privacy regulations. As soon as clear regulations define the ownership of data they will not be able to use most of the data anymore.

Business is interested in clear regulations because this guarantees a secure legal foundation but politicians do not give this topic enough priority.

Data privacy is already globally defined but l aws are country specific. It will take time until all countries have established binding laws.

Different societies and cultures have different values and thereforee a different understanding of privacy. It is difficult to define globally accepted regulations and laws.