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automotive sector will benefit most
all IT courses need to be floated
all production processes need to be optimized and standardized
The value pool is a strategy model that can be used to help managers or companies focus on profits, rather than on revenue growth. ... While the concept is simple, the structure of Profit Pools can usually be quite complex. Some segments of the value chain will have deeper pools than the others.
A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.
A cyber-physical (also styled cyberphysical) system (CPS) is a mechanism that is controlled or monitored by computer-based algorithms, tightly integrated with the Internet and its users.
The Industry 4.0 market is an emerging area, and most service providers pointed to proof-of-concept (PoC) and very small project engagements with clients rather than to any large-scale implementations. The services market for this new technology is still evolving and has yet to enjoy the benefits ofRead more
The concept on Industry 4.0 was first presented at the International Industrial Exhibition in Hannover (Hannover Messe) in 2011.
The Project Management Life Cycle has four phases: Initiation, Planning, Execution and Closure.
Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. If the results of the closed project are used for initiating a new project then all phases create a cRead more