Meaning of Industry 4.0

Industry 4.0 refers to the latest trends in automation and data exchange in manufacturing technologies. It involves technologies like cloud computing, cognitive computing, and artificial intelligence. The impact of Industry 4.0 on business includes protecting data, increasing productivity, and improving customer interactions. This article explores the meaning of Industry 4.0, the technologies involved, and the impact on business.

QUESTION ANSWER

Contents
TASK 1.................................................................................................................................................3
TASK 2.................................................................................................................................................5
REFERENCES......................................................................................................................................7

TASK 1
Meaning of Industry 4.0
Industry 4.0 refers to the latest trends which is emerging in the market regarding
carrying the automation and data exchanges procedure in fast and speedy bases. It mainly
deals in manufacturing the technologies which is related to the cyber exchange system, the
internet of things, cloud computing which stored large number of information and also
artificial intelligence (Gallagher, 2017). The main reason of adapting the concept of 4.0 in
business is relating to increasing the use of system regarding providing the job opportunities
to the people. From the report of survey, it is predicted that most of the experts are in
opinion of imputing the industry 4.0 in their business regarding reducing the cost of labor and
also increasing the manufacturing of the product with low cost resources.
Technology involved under Industry 4.0:
The major technologies in which the industry 4.0 operates is relating to the cloud
computing in which the data is to be stored in various ways. If any information is to be
searched that it provides the platform to search for the particular things with the detailed
information (Dean & Spoehr, 2018).
Cognitive computing:
This technology mainly describes the data services which is mainly used by many
users in respect of searching for the useful information through the internet. It is generally not
easy to access as it is costly and not limited companies are allowed to access it, in respect of
carrying any searching for any particular things. In case of understanding the industry 4.0
technology which is stated as cognitive computing, it indicated as it refers to the mini
hardware and software which is mainly undertaken regarding minimizing the use of human
brains and also provide useful information to them (Aldridge & and et.al., 2019). The main
features which this technology carries are in respect of adaptive which indicated that they
helps in changing the information regarding providing useful things which is linked up with
the real time.
It helps in interacting with the users in better manner. As by this aspects, users can
freely discuss their needs and also get accurate reverts through this technology. This is
mainly adapted by the business which faces conflict regarding reaching to large number of
people in respect of interacting with them and knowing about the services which they are
offering (Aljukic, 2017). Thus, by this manner, it results in gaining benefits through retaining
their business by presenting the positive aspects in right manner.
Artificial intelligences:
Another technology which is defined under the industry 4.0 is relating to the artificial
intelligences. In this technology, it mainly related to the machine intelligence which is
reflecting the human mind. This is mainly adapted in respect of taking the right action which
is undertaking in environment and helping the company to take the right action regarding
minimizing the effects which is undertaking in environment (Loveder, 2017). Due to changes
in time, the use of machine are increasing and also reducing the risk in the business in respect
of not completing the task within the set time limit.

Impact of technology on business:
The impact which the technology is undertaking in business performances and
process is relating to the firstly protecting the data of the company. As this is the major issues
which is undertaking in the business regarding not securing the clients and customer
information while dealing their business online. Thus, in such aspects by adapting the
technology helps in tracking the hackers which are dealing in such illegal offences in respect
of infringing the information from the company official sites (Smith, 2019). In respect of
adapting the industry 4.0 in business, it results in securing the information, through imposing
high coded security to the customer information and also track the hackers easily if they
commit to hack any information relevant to the company.
Another impact of technology which lies in the business process is relating to
increasing the productivity through getting more skilled and trained person at work place.
This is undertaken in respect of hiring and recruiting the skilled and experiences person
which attained the task in better way (Ślusarczyk, 2018). As most of the job vacancies is
posted on the online sites or any social networking sites but the capability and experiences is
not easily identified, thus by adapting the artificial intelligences helps in viewing the
complete background of the candidates. By this aspects, they select the efficient employees
which can attained the task in better way.
As in many cases business are facing issues regarding not reaching to large number of
people through not getting the faster speed. Thus, results in reducing the usage of the
business process in respect of not working or building the business profile in larger way. A
customer mainly attracted to such company which deliver faster services or also they can
easily interact with them without any barriers (Zhong & and et.al., 2017). The impact of
technology in respect of improving the business performances can be grow through adapting
the Industry 4.0 technology which results in resolving the issues of the customer in better
manner. As this is helpful regarding managing the feedback through the artificial
intelligences even if no person is present during that particular time period.
By understanding the business process which is to be speed up through adapting the
innovative ideas resulting in using the technology which is examined under the Industry 4.0
is relating to cloud computing. As it helps in increasing the innovative ideas in business and
also reaching to large number of business by attracting the customer through the creative
ideas and thoughts which is adapted by the business (Liao & and et.al., 2017). As by this
manner the process of business is increased in respect of getting more online orders regarding
the particular products. Thus, technology is also useful in this perspective in respect of
grabbing the latest trends which is emerging in market and also adapting the same to retain
the growth of business for longer way. In present times, thus carries to the latest technology
which is adapted by most of the companies as it helps in securing the information and also
they can track the accurate market segment easily.
Thus, by this manner, Industry 4.0 is mainly adapted by the companies in respect of
increasing the job opportunities and also reducing cost by dealing in accurate demanding of
the products raised.

TASK 2
Ethics refers to the system that based on right and wrong things which is mainly
carried by the individual in respect of attaining any task or also interacting with any persons.
In respect of undertaking the information system in the business, it is mainly adapted through
the use of internet or any type of dealing through the e-commerce (Kapoulitsas & Corcoran,
2017). In context of ethical changes, the major critters are adapted regarding giving
information to the individual about the changes which is occurring in environment or also the
social changes. The real examples which is chosen is from the University of Melbourne
and the ethical issues is faced by the librarian which carries the duty to manage the
student’s information in right manner.
Thus, in perspective of business, it is stated that they must carry the five ethical
analysis in which they presenting the information through using the excessive use of
information system such as:
1. Identify and describe the facts clearly: The ethical issues relating to less accuracy in
information and through the information management system, it helps in disclosing
the accurate information to the students, if the university are using the online platform
to secure the day to day information of the students. If facts are to be disclosed truly
and also appropriate reviews are given regarding using the products as per the stated
steps (Standing & Standing, 2018). Ethics are to be maintained in respect of providing
accurate information to the student regarding disclosing the trust if they using their
services online. This is one of the major solution which is adapted by the business in
respect of facing any conflict in dealing with the customer in better way (Adamson,
Havens & Chatila, 2019). As customer are crucial, if they face any issues after
attaining their services. Thus, it is necessary to share any impotent information which
is relevant to the products, so that they can build the trust and loyalty among them for
longer way.
2. Define the conflict or dilemma and identify the higher – order values involved: In
respect of facing the ethical dilemmas in business relating to providing the quality
products, it is necessary to adapt the two diametrically opposed courses of action. As
in this case the higher values is undertaken if the university is taking care of the
increase the number of students and also reduce expenses in the management
procedure. It is also stated that it is necessary to respect the individual regarding
maintaining their privacy in respect of securing their personal information (Ratheesh
& and et.al., 2017). Through adapting the information system in the university, it is
necessary to maintain ethics in respect of not disclosing any information without the
consent of the students. Thus, in such manner higher value is determined which
results in increasing the reputation and goodwill of the university in respect of
securing the students information for longer way.
3. Identify the stakeholders: Stakeholder refers to person which are directly or indirectly
linked up with the business and also whose right are affected in respect of taking
action which is useful for the growth of the organization. The ethical issues lies in
respect of hiding the reliable information to them (Maylea & Hirsch, 2018). The main
importance which the stakeholder carry is relating to the students, investors and
government intervention which carry wider interest in respect of examining the

strategies which is adapted by the university in enhancing their brand image for
longer way (Waycott & and et.al., 2017). The role of information system is adapted in
this aspects is relating to providing the information about the university working
through the platform of internet.
In case of students, the information system are used through the email procedure
which is connected with all the students regarding sharing any important information.
Thus, in case of any conflict raised at university, it can be resolved by writing the email
and also sharing the view about the things undertaking in university (Ferguson, Thornley
& Gibb, 2016). Thus, by this aspects the actual issues is identified and resolved within the
stipulated time period.
4. Identify the options that you can reasonable take care: It is stated that the issues are
identified regarding not taking care of their health and safety, which is the major suty
of the university. It is necessary to sustain the interest of the students towards the
University for Longer Way. The solution to this problem can be resolved in respect of
imposing the accurate planning before implementing it upon the students to take care
of their interest (Lawson & and et.al., 2016). Thus, it is necessary to examine their
needs and preference regarding offering the particular things. As students demands for
securing their details and also provide accurate guidance regarding the new book and
if university is initiating any planning or also raise claims for the data security, if they
are sharing any useful information. Thus, in such manner, ethics are examined
regarding taking care of their information in respect of providing high coded security,
regarding not infringing any information without the supervision of the authority of
the university (Waycott & and et.al., 2016).
Another point which is stated is relating to maintaining balances between the different
culture employees and also fulfilling their needs regarding the requirement raised. This
results in increasing the retention of the students and also increasing the goodwill through
providing more quality results.
5. Identify the potential consequences of your options: In this step, the issues lies
regarding not taking fair decision and thus potential is identified regarding selecting
the right option to retain the interest of students towards the business or not. As most
of the university authority predict that the action taken by them, provide relevant
information and also all the students enjoy the options which is provided to them
(Harris & and et.al., 2019). But the thoughts and interpretation of all the students are
not same and thus resulting in conflict raised. Thus, by adapting ethics in university
through the information system helps in conducting the research in more useful way.
If the report results in reflecting the positive views, than options are to be
implemented and also similar for all the students which are linked with the university.

REFERENCES
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