Home // International Journal On Advances in Software, volume 11, numbers 1 and 2, 2018 // View article

On the Development of a Cyber-Physical Industrial Marketplace

Authors:
Susana Aguiar
Rui Pinto
João Reis
Gil Gonçalves

Keywords: Smart Factories; Intelligent Production Systems; Industry 4.0; Cyber-Physical Systems; Marketplace

Abstract:
In recent years, we have seen breathtaking technological progress within Cyber-Physical Systems (CPS), the Internet of Things (IoT), Cloud computing, and intelligence and data analytics. These advances are indeed moving from research to the industrial shop floor and paving the way for the fourth industrial revolution, the Industry 4.0. Industry 4.0 is putting technology to work, disrupting conventional industrial processes at every level and driving the industry into becoming digital. All the technological progress has allow knowledge and information to be virtually available everywhere to anyone, leading to the emergence of new possibilities and business models. In a world where competition is global, the industry must be able to respond to unpredictable and rapid changes. The use of the Smart Component concept, integrated into the Cyber-Physical System architecture, allows for available data to be processed and used to improve productivity and production planning as well as allow for a better equipment use and better predictive maintenance practices. All this available data must be stored and accessible, which is where the Cyber-Physical Industrial Marketplace comes into play, providing an interface for automatic update of the industrial equipment technologies and functionalities on the fly. In this paper, an architecture for a Cyber-Physical Industrial Marketplace is presented and explored. Having the ability to collect data from the shop-floor equipment and update the Smart Components in a safe, reliable, and secure way, is the main goal of the proposed architecture. Creating an industrial marketplace that goes beyond the concept of online stores, is the next natural and logical step that will contribute to the servitisation of industrial business models.

Pages: 107 to 119

Copyright: Copyright (c) to authors, 2018. Used with permission.

Publication date: June 30, 2018

Published in: journal

ISSN: 1942-2628