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New Developments in Cyber Physical Systems, the Internet of Things and the Digital Economy – Discussion on Future Developments in the Industrial Internet of Things and Industry 4.0
: Received: 6 March 2019 / Approved: 7 March 2019 / Online: 7 March 2019 (12:25:15 CET)
A peer-reviewed article of this Preprint also exists.
Journal reference: AI & Soc 2020
The world is currently experiencing the fourth industrial revolution driven by the newest wave of digitisation in the manufacturing sector. The term Industry 4.0 (I4.0) represents at the same time: a paradigm shift in industrial production, a generic designation for sets of strategic initiatives to boost national industries, a technical term to relate to new emerging business assets, processes and services, and a brand to mark a very particular historical and social period. I4.0 is also referred to as Industrie 4.0 the New Industrial France, the Industrial Internet, the Fourth Industrial Revolution and the digital economy. These terms are used interchangeably in this text. The aim of this article is to discuss major developments in this space in relation to the integration of new developments of IoT and cyber physical systems in the digital economy, to better understand cyber risks and economic value and risk impact. The objective of the paper is to map the current evolution and its associated cyber risks for the digital economy sector and to discuss the future developments in the Industrial Internet of Things and Industry 4.0.
Internet of Things; Cyber Physical Systems; Digital Economy; Industrial Internet of Things; Industry 4.0; empirical analysis; cyber risk assessment; cyber risk target state
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