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Industry 4.0 Production Networks: Cyber-Physical System-based Smart Factories, Real-Time Big Data Analytics, and Sustainable Product Lifecycle Management

Industry 4.0 Production Networks: Cyber-Physical System-based Smart Factories, Real-Time Big Data... This article presents an empirical study carried out to evaluate and analyze Industry 4.0 production networks. Building my argument by drawing on data collected from AMG World, BI Intelligence, Deloitte, Harvard Business Review, PwC, SME, and teknowlogy, I performed analyses and made estimates regarding top five specific features of digital technology most attractive to companies (%), application of typical Internet of Things-related technologies (%), and machine learning areas having the greatest impact on organizations (%). Data collected from 4,300 respondents are tested against the research model by using structural equation modeling. JEL codes: E24; J21; J54; J64 Keywords: Industry 4.0; cyber-physical system; real-time big data analytics http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Self-Governance and Management Economics Addleton Academic Publishers

Industry 4.0 Production Networks: Cyber-Physical System-based Smart Factories, Real-Time Big Data Analytics, and Sustainable Product Lifecycle Management

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
2329-4175
eISSN
2377-0996
Publisher site
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Abstract

This article presents an empirical study carried out to evaluate and analyze Industry 4.0 production networks. Building my argument by drawing on data collected from AMG World, BI Intelligence, Deloitte, Harvard Business Review, PwC, SME, and teknowlogy, I performed analyses and made estimates regarding top five specific features of digital technology most attractive to companies (%), application of typical Internet of Things-related technologies (%), and machine learning areas having the greatest impact on organizations (%). Data collected from 4,300 respondents are tested against the research model by using structural equation modeling. JEL codes: E24; J21; J54; J64 Keywords: Industry 4.0; cyber-physical system; real-time big data analytics

Journal

Journal of Self-Governance and Management Economics – Addleton Academic Publishers

Published: Jan 1, 2020

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