Digital Strategy, Operating Models & Technology Implementation Insight
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Digital Transformation for Regulated Industries: Ask the Right Questions
Regulated industries should not pull back in their quest toward digital transformation but should instead find a way to embrace it. To begin, regulated industries should consider the questions explored in this Advisor.
The Art of the Possible with AI in Fintech
In the digitized world of financial data, there are truly enormous volumes of heterogeneous structured and unstructured data across siloed data stores. Managing such complexity is beyond human cognitive abilities or comprehension; hence, AI-based smart machines are required to assist human cognition and decision making. We believe that if AI is to achieve its promise, financial institutions are going to have to address a range of challenges.
The Many Enterprise Uses of Drones
To show what is being implemented with currently available drone technologies and within the current regulatory framework, this Advisor offers examples from three verticals: construction, engineering, and precision agriculture.
Industry 4.0 — Opening Statement
This issue of Cutter Business Technology Journal examines the latest advancements in technologies related to Industry 4.0 and the impact of these technologies on work, business, and organizations. We feature six articles in this issue that cover a range of topics.
Industry 4.0: Ethical and Moral Predicaments
Weiyu Wang and Keng Siau address the ethical and moral predicaments that Industry 4.0 creates. They discuss Industry 4.0 ethical and moral issues from the perspective of different business-oriented forces — stakeholders and business executives, employees, customers/clients, society — and different technical-oriented forces — designers and developers, users, intelligent agents. Their framework in Industry 4.0 considers ethical issues related to data and ethical issues related to systems, technology products, and services. Their discussion will enable business executives and technical designers/developers to have a better understanding and appreciation of the ethical and moral challenges in Industry 4.0.
Industry 4.0: Challenges and Opportunities in Different Countries
Keng Siau, Yingrui Xi, and Cui Zou explore the challenges and opportunities that Industry 4.0 presents in four groups of countries: developed, newly industrialized, developing, and least-developed. Industry 4.0 will impact countries in these development stages differently. The article discusses the factors that will impact the development of Industry 4.0 and provides suggestions for countries to avoid the risks inherent in Industry 4.0 and capitalize on opportunities to develop their economies. The article is beneficial to business executives as they contemplate investment decisions related to Industry 4.0.
Challenges of Cybersecurity Management in Industry 4.0
Feng Xu and Xin (Robert) Luo argue that because Industry 4.0 leads to potential new cybersecurity risks to manufacturing and supply networks, cybersecurity management must protect industry assets. The authors examine the issues specific to Industry 4.0, the three conventional essential security requirements, present and discuss the challenges of the security management cycle in Industry 4.0, and offer recommendations for cybersecurity management in Industry 4.0.
The Skills Crisis 4.0: Accepting New Realities
Barry O’Reilly explores whether a skills crisis arising out of Industry 4.0 truly exists. Although organizations perceive a skills crisis as Industry 4.0 makes software a central part of every business, O’Reilly notes that the IT industry has complained of a skills crisis for years. He examines what the skills shortage really is, discusses past approaches to the crisis, and evaluates whether those approaches have worked. He then proposes a new view of the skills crisis and suggests alternative approaches to solving it. O’Reilly sees critical thinking and a reassessment of our view of skills as key components of resolving the perceived skills crisis.