Peicic, D. (2022). Opportunities and challenges of AI technology applications for cement industry in Europe [Master Thesis, Technische Universität Wien]. reposiTUm. https://doi.org/10.34726/hss.2022.81519
industry 4.0; ai technology; cement industry; innovation model
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Abstract:
Industry 4.0 is here and is driving the revolution of next generation manufacturing, customer service, logistics, supply chain, HR, comunication, etc. AI is set to power the fourth industrial revolution and companies that can incorporate and adapt to Industry 4.0 components are likely tothrive and set the bar of success very high.Industrial units are constantly tending to increase efficiency, decrease the costs, optimize product time to market, upskilling of staff and others. AI is definitely recognized as one of the biggest breakthrough’s in the industry, with great possibilities and advantages for early adopters. Industrial side of business has recognized great potential within next pillars: asset performance management,occupational health and safety of employees, production and quality optimization, energy consumption savings, as well as supply chain management improvement. Commercial side of the business has on the other side recognized better customer service, better logistic spread and planning and lower reclamation rate due to all above announced facts. The expansion of new technologies leads to intensification of business ventures with alternative value chains and business models. The ability to innovate by using functional business knowledge, technology and resources in accordance with changes in the market affect the company's business success by creating new value for customers and the company and improving one or more business segments.Today, vendors, consumers and partner companies actively and equally participate in the innovation process. Together they create new knowledge, ideas, new products, which is important to gain competitive advantage. This thesis has tried to find a foothold in the open innovation concept and business development, as well as innovative methodologies of project management tocome up with adequate proposals for AI innovation model in cement industry.
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