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      Networked Intelligence : A Wider Fusion of Technologies That Spurs the Fourth Industrial Revolution—Part II: The Transformation of Production Systems

      research-article
      * ,
      World Review of Political Economy
      Pluto Journals
      technology, production, production systems
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            Abstract

            The second part of this article focuses on the transformation of the production systems in manufacturing and agriculture as a result of the convergence in the I4.0 technologies detailed in Part I. The category of general-purpose production machines is presented in detail. The interconnection of these machines and our ability to operate them remotely turn the stand-alone machines into production systems. The characteristics of these systems are studied separately for the cases of manufacturing and agriculture, showing the interrelation of the transformations in the two sectors. The I4.0 production systems give a tremendous boost in productivity as they allow the user of these systems to switch between different activities dynamically, cutting down costs and inefficiencies. The widespread deployment of such production systems fosters the emergence of a new social entity, the “prosumer.” The subsequent rationalization in the production creates the conditions where overproduction gradually dies out while it shifts the balance from mass consumption to mass customization.

            Content

            Author and article information

            Journal
            10.13169/worlrevipoliecon
            World Review of Political Economy
            WRPE
            Pluto Journals
            2042-8928
            01 July 2021
            : 12
            : 2
            : 236-254
            Author notes
            [* ] Correspondence: Alexandros Stavdas ( alexandros.stavdas@ 123456uop.gr )
            Article
            10.13169/worlrevipoliecon.12.2.0236
            05b59cec-4214-482b-9bbb-02bb69c59b07
            © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2021

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Page count
            Pages: 19
            Categories
            Articles

            Political economics
            production systems,production,technology

            References

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