Cloud computing and big data in the context of industry 4.0: opportunities and challenges

Thabit Atobishi (), Szalay Zsigmond Gábor () and Szilard Podruzsik ()
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Thabit Atobishi: Szent Istvan university
Szalay Zsigmond Gábor: Szent Istvan university
Szilard Podruzsik: Corvinus University of Budapest

No 7508667, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The global industrial systems have changed in the last few years due to great technological advancement in many fields. The Industry 4.0 concept has emerged in 2011 in Germany and later has been adopted and investigated by both academic and practitioners in many other advanced countries. Two main new technologies associated by and will have a great impact on industry 4.0. In this review paper, we shielded the light on cloud computing and big data. We present the possibilities and challenges associated with these technologies. The review reveals that sharing, efficiency in production and information sharing are the main possibilities of cloud computing meanwhile the security and privacy are main concerns. From other hand big data brings many opportunities like cost reduction, support the efficiency of decision making, however challenges related to large-scale parallel system and technical challenges still need to be addressed.

Keywords: cloud computing; information technology; industry 4.0 (search for similar items in EconPapers)
JEL-codes: M15 O32 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2018-04
New Economics Papers: this item is included in nep-big
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Published in Proceedings of the Proceedings of the IISES Annual Conference, Sevilla, Spain, Apr 2018, pages 9-15

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:7508667

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