PR-DA1221-1 - 2021 Digitalization Applications 101, December

Big Data

M.F. Peintinger

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The vision of a highly flexible smart factory producing customer-specific products at low additional cost in a short time to market is becoming a reality. Big data is the fuel of this fourth Industrial Revolution. The driving force behind this is the ever-increasing capability of analyzing data and the interaction with cyber-physical systems for commercial gains. This article defines the term in context of the steel industry and explores challenges as well as potential benefits.

Keywords: digitalization, industry 4.0