Community of Practice for Product Innovation Towards the Establishment of Industry 4.0

Abstract

The aim of this paper is to present the necessity of formulating the Community of Practice for Product Innovation process based on Cyber-Physical Production Systems towards the establishment of Industry 4.0. At this developing phase of Industry 4.0, there is a need to define a clear and more realistic approach for implementation process of Cyber-Physical Production Systems in manufacturing industries. Today Knowledge Management is considered as the next arena of global competition. One of the most promising areas where Knowledge Management is studied and applied is product innovation. This paper explains the efficient and systematic methodology for Knowledge Management through Community of Practice for product innovation, thus connecting manufacturing units at global level.