Business Models for Sustainable Innovation in Industry 4.0: Smart Manufacturing Processes, Digitalization of Production Systems, and Data-driven Decision Making
Business Models for Sustainable Innovation in Industry 4.0: Smart Manufacturing Processes, Digitalization of Production Systems, and Data-driven Decision Making
Author(s): Frances Ludbrook, Katarina Frajtova Michalikova, Zdenka Musová, Petr ŠuleřSubject(s): Business Economy / Management
Published by: Addleton Academic Publishers
Keywords: sustainable innovation; Industry 4.0; smart manufacturing;digitalization of archival materials;
Summary/Abstract: Despite the relevance of business models for sustainable innovation in Industry 4.0, only limited research has been conducted on this topic. Using and replicating data from Ad Hoc Research, BCG, BDO, Capgemini, CIO, EY, and McKinsey, we performed analyses and made estimates regarding the effects of Industry 4.0 on the workforce (%), advanced technologies manufacturers are planning to use (%), and average realized overall productivity gains from smart factories so far (%). The results of a study based on data collected from 5,200 respondents provide support for our research model. Using the structural equation modeling and employing the probability sampling technique, we gathered and analyzed data through a self-administrated questionnaire.
Journal: Journal of Self-Governance and Management Economics
- Issue Year: 7/2019
- Issue No: 3
- Page Range: 21-26
- Page Count: 6
- Language: English
- Content File-PDF