Sensing, Smart, and Sustainable Technologies in Industry 4.0: Cyber-Physical Networks, Machine Data Capturing Systems, and Digitized Mass Production
Sensing, Smart, and Sustainable Technologies in Industry 4.0: Cyber-Physical Networks, Machine Data Capturing Systems, and Digitized Mass Production
Author(s): Rosalie Milward, Gheorghe H. Popescu, Katarina Frajtova Michalikova, Zdenka Musová, Veronika MachováSubject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Addleton Academic Publishers
Keywords: cyber-physical network; Industry 4.0; digitized mass production;
Summary/Abstract: We inspect the relevant literature on sensing, smart, and sustainable technologies in Industry 4.0, providing both quantitative evidence on trends and numerous in-depth empirical examples. Building our argument by drawing on data collected from Ad Hoc Research, BDO, DAA, Deloitte, eMarketer, IoT Analytics GmbH, Management Events, and McKinsey, we performed analyses and made estimates regarding challenges of implementing artificial intelligence (%), top barriers encountered by manufacturers in Industry 4.0 (%), the biggest benefits of industrial data analytics for organizations (%), and top five Industry 4.0 applications with progress achieved (%). Data collected from 4,600 respondents are tested against the research model by using structural equation modeling.
Journal: Economics, Management, and Financial Markets
- Issue Year: 14/2019
- Issue No: 3
- Page Range: 37-43
- Page Count: 7
- Language: English
- Content File-PDF