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Industry 4.0 from the MIS Perspective

Edited By Sevinc Gülseçen, Zerrin Ayvaz Reis, Murat Gezer and Çiğdem Erol

Nowadays, an end-to-end industrial transformation called Industry 4.0 sets new goals for manufacturing and impacts on business outcomes. With some of its characteristic elements such as IoT (Internet of Things), digital twin simulation models, advanced robots, big data analytics, and virtual/augmented reality, Industry 4.0 is «de facto» going further. The book aims to provide relevant theoretical frameworks and the latest empirical research findings in the area of Management Information Systems (MIS) with the scope of Industry 4.0. The strategic role of Industry 4.0 in the distributed business environment and the necessity to protect and properly utilize its key elements at different levels of organizations as well as in society are discussed.

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The Next Industrial Revolution: Industry 5.0 and Discussions on Industry 4.0 (Kadir Alpaslan Demir / Halil Cicibaş)

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Kadir Alpaslan Demir* and Halil Cicibaş

The Next Industrial Revolution: Industry 5.0 and Discussions on Industry 4.0

1.  Introduction

Various advancements in technology help us to achieve a significant increase in industrial output. This significant increase in industrial output creates a chain reaction in industries and businesses. New products in large quantities become available. Supply and demand relations in many products and services change. New businesses are born. Existing businesses adapt. New industries are born and some become obsolete. Changes in inter- and intra-industrial relations are observed. Science and technology research receive funding for further research. All these changes affect the society in many ways. Therefore, we call this an industrial revolution.

There were three industrial revolutions in history. According to many, we are at the dawn of a new industrial revolution. This fourth revolution is called “Industry 4.0”. The concept was recently introduced in 2011. “Smart Manufacturing” or “Smart Factories” are at the core of Industry 4.0. Since the introduction, there were many talks, discussions, conferences, seminars and scientific research related to Industry 4.0. However, while there is a remarkable support for Industry 4.0, there is also some criticism from various experts and scholars. One of the basic critique related to Industry 4.0 is that it is not a revolution but the same old information technology (IT)-supported manufacturing. Furthermore, we have yet to see the changes previously observed in earlier industrial revolutions. So far, there is...

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