Knowledge Management and Industry Revolution 4.0

Book excerpt: Get up to speed with how the latest knowledge management and industry 4.0 technologyhelp make enterprises secure, controlled, and optimized for a better future. This book focuses on how the practices of Industrial Revolution 4.0 and knowledge management interact to create value. In recent years, value chain relationships and related activities have utilized new technologies so that existing conceptual frameworks require a roadmap for innovation strategies and effective implementation. The chapters in this book include case studies contributed by researchers and industry practitioners that showcase the impact of practices and challenges presented by technological changes, upgrading of old systems, and internal and external factors. Knowledge Management and Industrial Revolution 4.0 describes how knowledge management impacts the automation of the industry in secure, controlled, and optimized ways. For instance, the use of the latest technologies and sensors can lead to significant time and cost savings, and operators can utilize their machines and equipment from remote locations. The Industrial Revolution 4.0 incorporates the latest technologies for automation and, in many cases, the result is similar to working from home, even in manufacturing. The use of deep learning should offer many quality control benefits. Furthermore, blockchain technology can help the industry with automation in secure and transparent ways. Apart from industry automation, other departments like human resources can also use effective knowledge management for better outcomes. The use of HR knowledge management allows employees to find and access the information they require without the assistance of the HR department. The book focuses on every aspect of the industry to help all the stakeholders of an organization. The benefits include a reduction in time required for accessing information, easier training, decreased operational expenses, improved stakeholders’ satisfaction, faster problem-solving, increased pace of innovation, simpler employee review and progress reports. Audience The book will have a wide audience within academia, education, businesses, and industrial organizations, especially those who are undergoing industry 4.0 changes to optimize for a better future.