The Importance of Implementing Cyber Physical Systems to Acquire Real-Time Data and Indicators

Paula Morella, María Pilar Lambán, Jesús Antonio Royo and Juan Carlos Sánchez
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Paula Morella: Design and Manufacturing Engineering Department, Universidad de Zaragoza, 50018 Zaragoza, Spain
María Pilar Lambán: Design and Manufacturing Engineering Department, Universidad de Zaragoza, 50018 Zaragoza, Spain
Jesús Antonio Royo: Design and Manufacturing Engineering Department, Universidad de Zaragoza, 50018 Zaragoza, Spain
Juan Carlos Sánchez: Smart Systems, Tecnalia, 20009 Donostia-San Sebastian, Spain

J, 2021, vol. 4, issue 2, 1-7

Abstract: Among the new trends in technology that have emerged through the Industry 4.0, Cyber Physical Systems (CPS) and Internet of Things (IoT) are crucial for the real-time data acquisition. This data acquisition, together with its transformation in valuable information, are indispensable for the development of real-time indicators. Moreover, real-time indicators provide companies with a competitive advantage over the competition since they enhance the calculus and speed up the decision-making and failure detection. Our research highlights the advantages of real-time data acquisition for supply chains, developing indicators that would be impossible to achieve with traditional systems, improving the accuracy of the existing ones and enhancing the real-time decision-making. Moreover, it brings out the importance of integrating technologies 4.0 in industry, in this case, CPS and IoT, and establishes the main points for a future research agenda of this topic.

Keywords: real time; data acquisition; Cyber Physical Systems; Internet of Things; Industry 4.0 (search for similar items in EconPapers)
JEL-codes: I1 I10 I12 I13 I14 I18 I19 (search for similar items in EconPapers)
Date: 2021
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