Risk management in industry 4.0
Abstract
Nowadays, innovation is synonymous with progress and modernity in every area - from the social sphere, through the educational system, to the economic sphere in science and economy, looking for new solutions that contribute to competitive advantage in the market and thus raise the level of economic and social development and ensure a high quality of life. The vast majority of businesses, are determined to implement product, technical, technological and organizational innovation. But most of all they follow a trend of industrial automation, which leads to the birth of Industry 4.0. In a few words, Industry 4.0 can be defined as the information-intensive transformation of manufacturing in a connected environment of data, people, processes, services, systems and production assets with the generation, leverage and utilization of actionable information as a way and means to realize the smart factory and new manufacturing ecosystems. However, new smart technologies and advanced automation require a huge amount of data, which lead the need of new prerequisites, in terms of security systems, in order to avoid any kind of risk. And risk management is the methodical process that involves understanding, analyzing and addressing these risks to make sure that organisations achieve their objectives. The aim of this essay is to conduct research on Industry 4.0 related to key aspects and presentation of a design of structure to implement risk management for the Industry 4.0 concept.
