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Week 5

The document contains a series of questions and answers related to Industry 4.0 and the Industrial Internet of Things (IIoT). It covers topics such as key sectors, business models, performance indicators, and challenges associated with IIoT. Each question is accompanied by a justification referencing specific lecture slides.

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dharshinivgr
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12 views4 pages

Week 5

The document contains a series of questions and answers related to Industry 4.0 and the Industrial Internet of Things (IIoT). It covers topics such as key sectors, business models, performance indicators, and challenges associated with IIoT. Each question is accompanied by a justification referencing specific lecture slides.

Uploaded by

dharshinivgr
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment 5

1. Which of the following is NOT a key sector of Industry 4.0?

a. Smart robotics
b. Smart Warehousing
c. Intelligent manufacturing
d. Paper-Based Inventory Management

Answer: (d)
Justification: Refer to slide 2, lecture 1, week 5

2. What is a key advantage of the Outcome-Based Model in IoT business?

a. Decreased profit margin


b. Increased negotiation cycle
c. Higher customer satisfaction
d. Increased risks

Answer: (c)
Justification: Refer to slide 16, lecture 2, week 5

3. Which layer in the Industrial Internet Reference Architecture (IIRA)


implements domain-specific applications and decision support systems
and provides interfaces to end-users?

a. Edge Layer
b. Enterprise Layer
c. Platform Layer
d. Gateway Layer

Answer: (b)
Justification: Refer to slide 16, lecture 4, week 5

4. Which of the following is NOT a component of IIoT business models?

a. Value Proposition
b. Value Capturing Mechanism
c. Value Extraction Model

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d. Value Communication

Answer: (c)
Justification: Refer to slide 3, lecture 3, week 5

5. What is the primary purpose of a Cloud-Based Business Model in IIoT?

a. Selling software licenses


b. Leasing cloud computing resources temporarily
c. Manufacturing industrial equipment
d. Increasing industrial workforce requirements

Answer: (b)
Justification: Refer to slide 12, lecture 3, week 5

6. Fill in the blanks. Based on the leading and lagging Occupational Safety
and Health (OSH) indicators, Key Performance Indicators (KPIs) are
also categorized into and .

a. Leading KPI and Lagging KPI


b. Low KPI and High KPI
c. Level KPI and ground KPI
d. None of these

Answer: (a)
Justification: Refer to slide 5, lecture 4, week 5

7. Which of the following is NOT one of the four viewpoints in the Industrial
Internet Reference Architecture (IIRA)?

a. Business viewpoint
b. Usage viewpoint
c. Functional viewpoint
d. Financial viewpoint

Answer: (d)
Justification: Refer to slide 2, lecture 5, week 5

8. State true or false. In the Usage Viewpoint of IIRA, “Task” is a basic


unit of work carried out by a party assuming a role.

a. True
b. False

Answer: (a)
Justification: Refer to slide 10, lecture 5, week 5

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9. Which of the following is a challenge uniquely associated with asset-
sharing IoT business models?

a. Profit margin
b. Asset configuration
c. Scalability
d. Resource utilization

Answer: (b)
Justification: Refer to slide 21, lecture 2, week 5

10. What are the key revenue models in a Cloud-Based Business Model?

a. Direct product sales, Leasing, Licensing


b. Pay-per-use, Subscription fees, Advertisement
c. One-time installation charges, Maintenance fees, Donations
d. Mass production, Bulk discounts, Customer referrals

Answer: (b)
Justification: Refer to slide 12, lecture 3, week 5

11. Which of the following is an advantage of the subscription-based IoT


business model?

a. Reduced operational complexity


b. Predictable, recurring revenue streams
c. Lack of customer interaction
d. Fixed pricing for all customers

Answer: (b)
Justification: Refer to slide 14, lecture 2, week 5

12. Which of the following is/are types of business models for IoT?

a. Subscription Model
b. Outcome-Based Model
c. Asset-Sharing Model
d. All of these

Answer: (d)
Justification: Refer to slide 12, lecture 2, week 5

13. What is a major benefit of the layered databus pattern in IIRA?

a. Increased data redundancy

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b. Rapid device-to-device integration with minimal response time
c. Elimination of automation in industrial systems
d. Decentralized data storage without communication

Answer: (b)
Justification: Refer to slide 23, lecture 4, week 5

14. State true or false. Lack of interoperability, data privacy, security issues,
and authentication of data at the organizational level are some of the
major challenges of IIoT-based business models.

a. True
b. False

Answer: (a)
Justification: Please refer to Chapter 5, pages 124 of the book Introduction to
Industrial Internet of Things and Industry 4.0 by S Misra, C Roy, and A Mukherjee
by CRC Press.

15. Which of the following is NOT a standard IIoT reference architecture?

a. Three-tier IIoT architecture


b. Gateway-based IIoT architecture
c. Layered Databus IIoT architecture
d. Sixty four-tier IIoT architecture

Answer: (d)
Justification: Please refer to Chapter 5, pages 114-116 of the book Introduction to
Industrial Internet of Things and Industry 4.0 by S Misra, C Roy, and A Mukherjee
by CRC Press.

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