Smart Manufacturing Technologies: Data-driven Algorithms in Production Planning, Sustainable Value Creation, and Operational Performance Improvement
Smart Manufacturing Technologies: Data-driven Algorithms in Production Planning, Sustainable Value Creation, and Operational Performance Improvement
Author(s): Therese Whittle, ELENA GREGOVA, Ivana Podhorska, Zuzana RowlandSubject(s): Business Economy / Management
Published by: Addleton Academic Publishers
Keywords: smart manufacturing; data-driven algorithm; sustainable value creation;
Summary/Abstract: Despite the relevance of smart manufacturing technologies, only limited research has been conducted on this topic. Using and replicating data from BI Intelligence, Capgemini, Deloitte, eMarketer, Forbes, PwC, Statista, and Zebra Technologies, we performed analyses and made estimates regarding industries targeted by machine learning application developers (%), the main areas of interest for manufacturers within Industry 4.0 (%), retailers planning to invest in artificial intelligence and Internet of Things technologies by 2021 (%), and benefits of implementing artificial intelligence (%). Data collected from 4,400 respondents are tested against the research model by using structural equation modeling.
Journal: Economics, Management, and Financial Markets
- Issue Year: 14/2019
- Issue No: 2
- Page Range: 52-57
- Page Count: 6
- Language: English
- Content File-PDF