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Augmented Reality technology - a sustainable element for Industry 4.0

Author

Listed:
  • Ioan-David Legman

    (University of Medicine, Pharmacy, Sciences and Technology "George Emil Palade" of Târgu-Mureș, Street Gheorghe Marinescu 38, Târgu-Mureș, 540139, Romania)

  • Manuela Rozalia Gabor

    (University of Medicine, Pharmacy, Sciences and Technology "George Emil Palade" of Târgu-Mureș, Street Gheorghe Marinescu 38, Târgu-Mureș, 540139, Romania)

Abstract

Augmented Reality (AR) is a current, sustainable, efficient, and promising tool that will make an essential contribution to the development of the Industry 4.0 revolution. AR technology fully and effectively responds to the current extended digital age, in the last year and in the field of education, of learning at all levels. The applicability of AR technology is varied and complex: retail interior design, health, industry, logistics, etc. This paper show the applicability of AR technology in the learning process, from the perspective of the Industry 4.0 concept, highlighting the sustainable and efficient aspects on the economic performance and not only of the companies. The main conclusion of this research is that the use of modern digital technology (AR and VR) in learning in various fields, including education, must be based on the principles of ROI (Return on Investments) and SROI (Social Return on Investments).

Suggested Citation

  • Ioan-David Legman & Manuela Rozalia Gabor, 2020. "Augmented Reality technology - a sustainable element for Industry 4.0," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 2, pages 9-18, December.
    • Handle: RePEc:pmu:oecono:v:2:y:2020:p:9-18
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    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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