Business evolution: Industry 4.0 vs. Traditional Business

What is a key characteristic of Industry 4.0?

• Limited technology

• Human decision-making

• Autonomous tasks

• Manual processing

Which technology is NOT associated with Industry 4.0?

• AI

• IoT

• 3D-printing

• Handwritten records

What is a disadvantage of Industry 4.0?

• High initial investment

• Lower operational costs

• Increased manual labor

• Stronger customer relationships

How does traditional business typically make decisions?

• Through AI analysis

• Relying on past experiences

• Using automated systems

• Based on real-time data

What is a major advantage of traditional businesses?

• Faster production speed

• Greater reliance on technology

• Stronger personal customer relationships

• Higher efficiency

What is one way traditional businesses can adapt to Industry 4.0?

• Reducing employee training

• Sticking to manual processes

• Investing in automation

• Avoiding technology

Which of the following is a challenge faced by traditional businesses?

• Low operational costs

• Strong customer relationships

• High efficiency

• Slow decision-making

What is a benefit of using smart systems in Industry 4.0?

• Increased human error

• Higher waste generation

• Reduced production efficiency

• Optimized production quality

What is a necessary skill for workers transitioning to Industry 4.0?

• Traditional marketing

• Data analysis

• Physical labor

• Basic manual skills

Which company is mentioned as an example of using cloud computing technology?

• Tesla

• Google

• Instructure Holdings, Inc

• Amazon