Big Data as the basis for the innovative development strategy of the Industry 4.0

The aim of the paper is establishing a link between Big Data connected with Industry 4.0. We are developing a modern economy which is based on supply chains and logistics. Within each logistics are IT solutions. Some of the world's solutions are compiled in this paper and guidelines are set in the development of such solutions.
Authors: T Latinovic1, D Preradović2, C R Barz3, A Pop Vadean3 and M Todić1
 
Published under licence by IOP Publishing Ltd
IOP Conference Series: Materials Science and Engineering, Volume 477, Number 1
 
Abstract
 
The aim of the paper is establishing a link between Big Data connected with Industry 4.0. We are developing a modern economy which is based on supply chains and logistics. Within each logistics are IT solutions. Some of the world's solutions are compiled in this paper and guidelines are set in the development of such solutions. Industry development 4.0, and in particular the development of Big data, gives us the possibility to introduce new ways of the industry. In the development of industry, maximizing production and reducing costs is extremely important. Real-time data and advanced algorithms give us the possibility to obtain real-time operational industry. Big data and their analysis are of great use in the industry because they improve the accuracy of the decision-making process. We must organize a structure that can design, manage and develop projects based on IoT and Big Data / Analytics technologies. In the industry, good sensor technology provides access to information. The paper has a focus on the managing the database with Big data in the Industry 4.0.
 
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Illustration Photo: Big Data & Data Analytics Operation Center at Codelco (credits: Codelco / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))

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