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Several Dimensions of Innovation, Technology and Industry 4.0

Edited By Fatih Ayhan

With the development of the industry, both social lives and economies have been significantly affected. Together with the Industry 4.0 revolution, significant changes have occurred in both the social life and the production process. As a result, different sectors are affected by this change. With this book, successful researches have been carried out by expert academics in a wide range of fields from finance to marketing and tourism to foreign trade, etc.

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Preface and Acknowledgements

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Every transformation in industrial and production process caused social, economic and sectoral multi-dimensional effects. From the first to the fourth Industrial Revolution, there were significant transformations in the production process, and also in social life. In fact, the world witnesses significant positive externalities of technology and mechanization in the transition from agricultural production to industrial production and from rural to urban life, as well as the increasing competition in production and economy. With the fourth industrial revolution, replacement of labour with machinery/robots/softwares, which are basically higher in productivity and lower in unit cost, increases production, profit margins and economic growth in business life, finance, foreign trade, tourism, human resources and working life to marketing. Important breakthroughs have taken place in the field. The rapid development of robots, softwares and technologies have increased both the satisfaction of business and social life and worries about the future.

In this book, the history of the industrial revolutions and the impact of the Industry 4.0 revolution on different sectors have been elaborated by experts in the field. In the following chapters, the interaction of Industry 4.0 with different fields has been demonstrated seperately as well as the conceptual framework related to Industry 4.0, financial sector, marketing, industrial production, globalization, customer relationship management, human resource management, city logistics and smart cities, tourism sector, foreign trade, health sciences, creative destruction, semiconductor industry and nanotechnology.

I would like to thank all the authors, contributors and researchers who are experts in their...

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