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Big Data in the industry: Industry 4.0 - Datenrevolution Datenrevolution

„For companies it is not about the question whether they want to take part in it or not, but it is about the question in which way they want to take part.“

„Sooner or later you are left far behind anyway, when you don’t care about it.“

Two statements of Prof. Dr.-Ing. Thomas Bauernhansel, a industry 4.0 expert and head of the Frauenhofer Institute for Production Engineering and Automation IPA, which are likely to shake the foundations of the industry. But not only the industry is hit by big data and digitalisation, also the service sector and the science are faceing a radical change: the fourth industrial revolution.

Experts all over the country don’t get tired to emphasize the numerous advantages for the economy which big data brings along. No matter if it is the increasing productivity, the sustainable use of resources or the reduced environmental pollution. But the proponents ignore some serious negative consequences beside all those positive effects. The digitalisation will cause forcibly that a lot of jobs get replaced by machines. And if one doesn’t find a new job as compensation for the people who lost their job to a machine, then you will have mass unemployment; with all its disastrous consequences.
In the table below you can get an idea of the advantages and disadvantages that would arise through the digitalisation in the industrial sector.

Advantages and Disadvantages of Big Data in the industry

Advantages Disadvantages
Real-time access to all corporate data and thus imporoved flexibility and response time for changes Increasing interconnection offers broader target for hacker attacks ; Corporate secrets could be stolen
Machines could take over inhumane work Smart machines are very expensive and have a long payback period
Environmental conservation through efficient logistics and resource use Increasing complexity is difficult to manage and control
Distribution of products and goods is individualized; individualized mass production is possible Increased productivity and production leads to rising transport volumes » pollution increases
Improved use of renewable energy sources through smart grids Many of the former future-proof jobs will be done by machines ; in industry , the service sector and in science
Higher productivity, because machines can work 24/7 and have a lower failure rate Rising unemployment leads to declining purchasing power and shrinking economy
Lower costs of production through optimized processes, inventories, routes, business models and much more Rising unemployment leads to declining purchasing power and shrinking economy
Sustainable use of resources

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