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Development of Industry 4.0: A Practical Case Study from the Netherlands

In: Challenges and Solutions in the Digital Economy and Finance

Author

Listed:
  • Jacob Cornelis Bazen

    (Saxion University of Applied Sciences)

  • Olga Dmitrovna Ugolnikova

    (St. Petersburg University of Management Technologies and Economics)

  • Irina Sergeevna Bazen

    (Volksuniversiteit Enschede)

Abstract

Industry 4.0 is a much thought about concept for further development of industrial production in the twenty-first century, mirroring the societal and scientific progress in production systems. The concept has been adopted by both science as well as the industrial community and functions as a paradigm for the further development of industrial production processes in the most advanced economies in the world. At the same time, though the concept is much studied and theorized about, practical implications remain scarce, not in the last place because of excessive investments required (not only financial, but also in terms of data infrastructure) to translate this concept into practice. This chapter shows a possible implementation of the Industry 4.0 standard in The Netherlands, based on the development of a blueprint for a smart factory for the production of energetic retrofitting packages. While not completely adhering to all Industry 4.0 standards, this proposed smart factory certainly has several aspects of this future production concept. The chapter describes the opportunities and challenges of implementing such a “near-Industry 4.0” innovative production concept.

Suggested Citation

  • Jacob Cornelis Bazen & Olga Dmitrovna Ugolnikova & Irina Sergeevna Bazen, 2022. "Development of Industry 4.0: A Practical Case Study from the Netherlands," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Vladimir Plotnikov & Alexey Minin & Hod Anyigba (ed.), Challenges and Solutions in the Digital Economy and Finance, pages 267-277, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-14410-3_28
    DOI: 10.1007/978-3-031-14410-3_28
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