Describe the application (apps) implementation in industrial management. The current environment of modern logistics operations in the...

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Describe the application (apps) implementation in industrialmanagement. The current environment of modern logistics operationsin the era of (IR.4.0). Benefits of having efficient industrialmanagement

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Industry 40 is employed interchangeably with the fourth technological revolution and represents a replacement stage within the organization and control of the economic value chain Cyberphysical systems form the idea of Industry 40 eg smart machines They use modern control systems have embedded software systems and eliminate an online address to attach and be addressed via the web of Things IoT This way products and means of production get networked and may communicate enabling new ways of production value creation and realtime optimization Cyberphysical systems create the capabilities needed for smart factories These are equivalent capabilities we all know from the economic Internet of Things like remote monitoring or track and trace to say two Industry 40 is usually used interchangeably with the notion of the fourth technological revolution its characterized by among others 1 even more automation than within the third technological revolution 2 the bridging of the physical and digital world through cyberphysical systems enabled by Industrial IoT 3 a shift from a central industrial system to at least one where smart products define the assembly steps 4 closedloop data models and control systems and 5 personalizationcustomization of products The goal is to enable autonomous decisionmaking processes monitor assets and processes in realtime and enable equally realtime connected value creation networks through early involvement of stakeholders and vertical and horizontal combination Industry 40 may be a vision and concept in motion with reference architectures standardization and even definitions in flux Most Industry 40 initiatives are earlystage projects with a limited scope the bulk of digitization and digitalization efforts actually happen within the context of the third and even second technological revolution technologiesgoals In essence the technologies making Industry 40 possible leverage existing data and ample additional data sources including data from connected assets to realize efficiencies on multiple    See Answer
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