Aspects of risk management implementation for Industry 4.0

Industry 4.0 is a comparatively new method of managing production processes. In the area of risk management, as a result of new approaches, modified frameworks, more complex IT infrastructure and so on, new types of risks may occur. In many cases, the implementation of Industry 4.0 has shown that the connections between humans, systems and objects have become a more complex, dynamic and real-time optimized network. On the other hand, there is the fact of data volume and availability enhancement in real time which causes new requirements of the infrastructure, management, technologies and so on. The aim of this paper is to conduct research on Industry 4.0 related to key aspects and presentation of a design of framework to implement risk management for the Industry 4.0 concept. (c) 2017 Published by Elsevier B.V.