Institutional Repository
Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/F90EA42E-4852-4EC4-82C5-94BBB15DE7A1 | ||
| Year | 2023 | ||
| Type of Item | Diploma Work | ||
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| Bibliographic Citation | Krystallia-Rafailia Zygouri, "Industry 4.0: Business intelligence, analytics and big data", Diploma Work, School of Production Engineering and Management, Technical University of Crete, Chania, Greece, 2023 https://doi.org/10.26233/heallink.tuc.95057 | ||
| Appears in Collections |
The current era has been characterized as an era of rapid technological development. After the computer and internet revolution, the term “Industry 4.0” was born, which is the next technological revolution. In this paper, firstly the basic concepts, key features and fundamental principles of Industry 4.0 will be introduced. Then, the changes and perspectives will be analyzed, that are going to be brought to the industry and business field. The technologies that make up Industry 4.0 allow devices to be networked (Internet of Things), to exchange data and communicate not only with each other but also with humans. In a second stage, the role of business intelligence, analytics and big data in Industry 4.0 will be examined andtheir importance in the management and exploitation of the huge amount of data in companies and organizations. In conclusion, it will be analyzed how Industry 4.0 will contribute to the reorganization of modern businesses and the intelligent decision-making without human intervention.
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