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Article
Affiliation(s)

1. Universidad Nacional Arturo Jauretche (UNAJ), Florencio Varela B1888, Buenos Aires, Argentina
2. ETSII Universidad Rey Juan Carlos, Móstoles 28933, Madrid, Spain

ABSTRACT

This paper pretends to approach and analyse opportunities and risks that arise under the industrial digital paradigm. Known by different names like Industry 4.0, Smart Manufacturing, or Production 4.0, among other terms digitalization in industry is advancing at a tremendous speed, and is pushing established firms to change and adopt new tools. Besides, it opens opportunities to technological startups to deliver new products and services to the industrial market. As an example of opportunities in operating models, it is clear that digitalization under the model Industry 4.0 and the advantages of Industrial Internet of Things (IIoT), allows faster response to customer demands, increases flexibility allowing the adaptability to manufacturing processes, and provides a tremendous amount of tools for quality improvement in the processes, among other advantages. This article addresses the data driven organization as digitalization evolves and the progress of Artificial Intelligence (AI) and Machine Learning (ML) solutions for industry.

KEYWORDS

Industry 4.0, industrial AI/ML, data driven management.

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