Solutions for Week 5 Assignment on Industry 4.0 and Industrial Internet of Things (IoT) Description: This article provides detailed answers ...
Solutions for Week 5 Assignment on Industry 4.0 and Industrial Internet of Things (IoT)
Description:
This article provides detailed answers to the Week 5 assignment from the "Industry 4.0 and Industrial Internet of Things" course on SWAYAM. Each question focuses on key topics related to Industry 4.0 applications, IoT integration, business models, and the infrastructure that supports smart manufacturing. The answers are accompanied by explanations to enhance understanding.
1. Which of the following is an inclusion in the Industry 4.0 application as per ICP DAS?
Answer: Supply chain automation
Explanation: Industry 4.0 integrates digital technologies into traditional industries. Supply chain automation is a significant part of Industry 4.0 applications, as it allows the seamless integration of logistics, procurement, and manufacturing systems to enhance efficiency and reduce manual effort.
2. Which technology does Caterpillar integrate with IoT for enhanced machine interaction?
Answer: Augmented Reality (AR)
Explanation: Caterpillar uses AR technology to improve the user experience by overlaying digital information on the real-world environment. This integration helps in providing real-time data, enhancing decision-making, and improving operational efficiency.
3. What is the objective of the Cisco & Fanuc smart factory initiative?
Answer: Maximize downtime in industrial facilities
Explanation: The Cisco and Fanuc collaboration aims to create smart factories that utilize IoT to optimize industrial operations by reducing downtime, increasing automation, and improving overall efficiency.
4. Which of the following is NOT one of the building blocks of a business model?
Answer: Employee Satisfaction
Explanation: While employee satisfaction is important for any business, it is not a core building block of a business model. The essential elements include value proposition, market segment, revenue generation, and margins, which are key to the sustainability and success of a business.
5. Which of the following is NOT a type of customer segment?
Answer: Unsegmented market
Explanation: Customer segmentation involves dividing a market into different groups based on needs, behaviors, or demographics. Terms like mass market, niche market, and segmented market are commonly used. "Unsegmented market" does not exist as a specific customer group.
6. What is a characteristic of the Subscription Model in IoT business models?
Answer: Recurring revenue through regular subscription fees
Explanation: The subscription model in IoT business revolves around generating steady income by offering services on a recurring payment basis. This ensures continuous service and maintenance for the customer while maintaining a predictable revenue stream for the business.
7. Which of the following is NOT a type of IoT business model?
Answer: Product-Based Business Model
Explanation: IoT business models typically focus on cloud-based, service-oriented, and process-oriented structures. A product-based model refers to the traditional way of selling physical goods and does not align with the service-driven nature of IoT.
8. What is an SLA in the context of business transactions?
Answer: Service-level agreement
Explanation: An SLA (Service-Level Agreement) is a contract between a service provider and a customer that defines the expected level of service. SLAs are critical in ensuring accountability and maintaining the performance of the services provided, especially in IoT environments.
9. What does Infrastructure-as-a-Service (IaaS) provide?
Answer: Required hardware and software online in the cloud
Explanation: IaaS is a cloud computing service that offers essential hardware and software infrastructure like servers, storage, and networking, which are available over the internet. This allows businesses to run applications and store data without maintaining physical hardware.
10. Which business model aims at process optimization within a company and across company borders?
Answer: Process-Oriented Business Model
Explanation: The process-oriented business model focuses on optimizing business processes, both internally and externally. By leveraging technology and IoT solutions, businesses can streamline their operations, reduce costs, and improve collaboration with other companies.
11. What type of KPI is input-oriented and hard to measure?
Answer: Leading KPI
Explanation: Leading KPIs are predictive in nature and help businesses anticipate future outcomes. However, they are often harder to measure because they are based on variables that may change over time and are not tied to immediate results.
12. Which of the following is a major focus and activity of Industrial Internet Consortium (IIC) members?
Answer: Testbeds
Explanation: Testbeds are a major area of focus for IIC members as they provide real-world testing environments for industrial IoT solutions. These testbeds enable the evaluation of new technologies in controlled environments to ensure their effectiveness before large-scale deployment.
13. What does the Usage Viewpoint in IIRA relate to?
Answer: Key capabilities identified in the business viewpoint and activities coordinating different units of work
Explanation: The Usage Viewpoint in the Industrial Internet Reference Architecture (IIRA) describes how various activities and capabilities identified in the business viewpoint are coordinated. It focuses on defining the usage scenarios and workflows that optimize business operations.
14. What are the elements of an activity in the Usage Viewpoint of IIRA?
Answer: Role, Task, Workflow, Implementation Map
Explanation: In the IIRA framework, the usage viewpoint defines the roles, tasks, and workflows that form the basis for implementing a coordinated system. The implementation map serves as a guide for how these elements interact in practice.
This detailed breakdown of the Week 5 assignment questions and answers provides a thorough understanding of Industry 4.0, IoT integration, and business models. It also highlights the key principles and technologies that drive the industrial internet of things.
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