Risk Analysis – an Instrument for Technology Selection

Abstract

The article is an attempt to summarize the schematic picture of negative and undefined impacts of new technologies implementations combined in the formula Industry 4.0.The aim is to identify potential risks of using technologies and which of them are most risky.Major technologies have been analysed by their unknown and negative impacts.The variety of risks are introduced in eight generalized risk categories concerning problems of privacy and data security, change in labour market, fragmentation, responsibility and accountability, ecology, ecosystems and ethics, changes in income/cost structure and ownership of assets.The technologies are selected by using quasi-multicriteria analysis SIGMA.The results could be used as a framework, starting point to deeper understanding of dimensions, application and impacts of technologies.