This paper examines the case of one supply chain in the electricity sector where RFID technology integrated with firm's information systems acts as an enabler of process optimization. Using a business process approach and laboratory simulation, we explain how the implementation of RFID technology can increase the visibility of information at various layers of the supply chain, allowing members to gather precise information on real demand and improve replenishment processes. On the other hand, while RFID technology has the potential to automate some processes, human intervention is still required. Therefore, use case scenarios and sensitivity analysis should be carefully considered when selecting the proper design (architecture options) for the virtual and hardware components of RFID systems. The choice of the appropriate configuration needs to be integrated in the firm's strategies and supply chain partner's vision.
The emergence of high-performance computers and sophisticated software tech nology has led to significant advances in the development and application of operations research. In turn, the growing complexity of operations research models has posed an increasing challenge to computational methodology and computer technology. This volume focuses on recent advances in the fields of Computer Science and Operations Research, on the impact of technologi cal innovation on these disciplines, and on the close interaction between them. The papers cover many relevant topics: computational probability; design and analysis of algorithms; graphics; heuristic search and learning; knowledge-based systems; large-scale optimization; logic modeling and computation; modeling languages; parallel computation; simulation; and telecommunications. 1 This volume developed out of a conference held in Williamsburg, Virginia, January 5-7, 1994. It was sponsored by the Computer Science Technical Section of the Operations Research Society of America. The conference was attended by over 120 people from across the United States, and from many other countries. We would like to take this opportunity to thank the participants of the con ference, the authors, the anonymous referees, and the publisher for helping produce this volume. We express our special thanks to Bill Stewart and Ed Wasil for serving as Area Editors.
The development of emerging technologies demands a rapidly expanding knowledge base and intensive collaboration across organizational, institutional and cultural borders. This book is the first of its kind to focus on the management of key emerging tec
Emerging Technologies and Digital Transformation in the Manufacturing Industry offers a comprehensive solution to the pressing challenges faced by the manufacturing industry. As manufacturers grapple with the need to adapt to changing customer expectations and embrace emerging technologies, this book provides a timely and relevant resource. Edited by esteemed scholars, it features high-quality chapters that delve into technology-driven approaches, such as Internet-connected machinery, artificial intelligence, and sensors, with the aim of enhancing efficiency, productivity, and overall performance in manufacturing processes. Covering key topics such as machine learning, blockchain technologies, big data, and the industrial Internet of Things (IIoT), the book explores transformative concepts like digital twins, extended reality, and the impact of 5G and edge computing. With contributions from authoritative experts, this book serves as an indispensable tool for students, researchers, and IT professionals in manufacturing plants. By offering practical guidance and insights, Emerging Technologies and Digital Transformation in the Manufacturing Industry equips readers with the knowledge and tools needed to navigate the complexities of digital transformation and seize the opportunities presented by emerging technologies. It is academic rigor and practical applicability makes it a valuable resource that is poised to have a significant impact on the manufacturing IT community and academic scholars worldwide, enabling a successful journey toward a more efficient and resilient future in the manufacturing industry.
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
We already see the impact of emerging technologies on our lives and the economy in many different ways, particularly when it comes to the way we live our lives and the way we work. Due to this, there is fierce competition among companies across the globe in order to ensure that they are able to benefit from the new technological developments. Globally, the United States and Asia are emerging as the two global leaders in this area. Over the years, there has been a significant change in the landscape of emerging technologies since Alan Turing first asked in the 1950s if machines could think like humans. Emerging technologies will enhance economic growth and efficiency in the future. It is possible to greatly improve decision-making when large amounts of data are analysed by improving efficiency. It is likely that new products and services, new markets, and new industries will be created as a result, which will in turn boost consumer demand and generate new revenue streams. On the other hand, emerging technologies may also have a profound effect on society and the economy. The creation of superman-like organisations could negatively affect the economy, according to several researchers. Further, it may lead to a wider gap between developed and developing countries, as well as a rise in the demand for workers with emerging skills and technologies, thereby creating job losses. The latter trend may have a significant impact on the labor market in the long run.
