Cyber-Physical Smart Manufacturing Systems: Sustainable Industrial Networks, Cognitive Automation, and Data-Centric Business Models
Cyber-Physical Smart Manufacturing Systems: Sustainable Industrial Networks, Cognitive Automation, and Data-Centric Business Models
Author(s): Caryl Tuffnell, Pavol Kral, Anna Siekelova, Jakub HorákSubject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Addleton Academic Publishers
Keywords: cyber-physical smart manufacturing system; sustainable industrial network;
Summary/Abstract: We draw on a substantial body of theoretical and empirical research on cyber-physical smart manufacturing systems, and using and replicating data from BCG, Deloitte, LMTPE-RWTH Aachen University, and PwC, we performed analyses and made estimates regarding Industry 4.0 value creation (%), elements that are expected to be highly relevant along the automotive value chain in 2030 (%), and how industrial companies are moving towards greater digital value creation, and from augmented products to serving digital ecosystems (%). Structural equation modeling was used to analyze the data and test the proposed conceptual model.
Journal: Economics, Management, and Financial Markets
- Issue Year: 14/2019
- Issue No: 2
- Page Range: 58-63
- Page Count: 6
- Language: English
- Content File-PDF