SWOT analysis of Industry 4.0 variables using AHP methodology and structural equation modelling

Jain, Vineet; Ajmera, Puneeta; Davim, J. Paulo

doi:10.1108/bij-10-2020-0546

Cited by 28 publications

(20 citation statements)

References 72 publications

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“…Key ingredients for assessing Industry 4.0 readiness for organizations have been identified by the authors Sony and Naik (2020). In their research, Jain et al (2022) carried out a detailed scan of the internal and external environment related to the implementation of I4.0, and the results showed that increased productivity and efficiency are the greatest strength of I4.0, while the greatest weakness is the need for specialized training and skills. The biggest opportunity is the increase of customers' trust in internet transactions, and the biggest threat is the resistance of employees toward the adoption of new technologies.…”

Section: Research Backgroundmentioning

confidence: 99%

Efficiency of the use of information and communication technologies as a determinant of the digital business transformation process

Krstić

Petrović

Nedeljković

et al. 2022

BIJ

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PurposeThe purpose of this paper is an analysis of the process of digital transformation of enterprises, by measuring the efficiency of the use of information and communication technologies (ICTs) in business in 29 European countries in the period from 2012 to 2020.Design/methodology/approachA Charnes, Cooper and Rhodes data envelopment analysis (CCR DEA, 1978) window model has been developed to measure the ICT efficiency of European countries. Several indicators of the use of information and communication technologies in enterprises are selected as the variables of the proposed models, which are available as such in the Eurostat database for European countries. Due to the sensitivity of the results obtained by applying the DEA method to measurement errors and output values, the robustness analysis of the obtained values of average efficiency is also performed, using the bootstrap method.FindingsThe obtained results show that the highest average technical efficiency of the use of ICT in companies by windows, in the observed period, is recorded in Belgium, while Denmark is in the second place. Bulgaria, Romania, Greece and Latvia have the lowest average technical ICT efficiency per window. The analysis of the obtained results by years in the same period brings identical conclusions. Only Belgium has been ICT efficient many times. In general, for all observed countries, the movement of average ICT efficiency in the observed period shows a slightly growing trend, with the exception of a significantly decline in 2013. However, the fact is that the ICT efficiency of the observed countries in the past period is relatively low and for all countries it is 46.36%, with no country being 100% efficient and with eight countries whose average efficiency is below 50% of best practice.Research limitations/implicationsTo measure and evaluate the efficiency of ICT use in enterprises, four variables for efficiency assessment are identified, given the fact that only these data are available continuously for the observed period from 2012 to 2020 in the Eurostat database.Practical implicationsLow efficiency of using digital potential in business of the observed countries indicates the need for better understanding of the nature and goals of the digital business transformation process by employees and management, to create conditions for effective implementation and optimization of business digitalization.Originality/valueMeasurement of digital transformation is the subject of a very small number of studies and research, which mainly focus on measuring and assessing the impact of digital transformation on individual countries and perform a comparative analysis of technological development in those countries. Also, analyses are mainly based on identifying similarities and differences between countries or ranking countries according to adopted evaluation criteria using different digitization indices. A step forward in this research is the application of the DEA window method for measuring the relative efficiency of the use of ICT in enterprises, and the development of a model that can be extended if necessary with indicators for which data are available.

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Section: Research Backgroundmentioning

confidence: 99%

Efficiency of the use of information and communication technologies as a determinant of the digital business transformation process

Krstić

Petrović

Nedeljković

et al. 2022

BIJ

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“…Considering specifically the human factor, the biggest threat to the implementation of Industry 4.0 is related to the resistance of workers to adopt new technologies and the need for training presents itself as the biggest weakness (Jain et al, 2021). Thus, training and continuous professional development deserve special attention and importance for Industry 4.0 (Kaya et al, 2020;Schallock et al, 2018).…”

Section: Theoretical Background Industry 40 and Trainingmentioning

confidence: 99%

Training for Industry 4.0: a systematic literature review and directions for future research

Cazeri

Santa-Eulalia

Serafim

et al. 2022

BJO&PM

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Goal: This study aims to identify, synthesize and classify the main features explored by current research encompassing training for Industry 4.0 and propose directions for future research. Design / Methodology / Approach: The methodological procedure was oriented by a systematic literature review (PRISMA) methodology and followed by content analysis. After a review of academic databases, 78 papers dealing with training for Industry 4.0 were included and classified based on topics related to the science of training and Industry 4.0. Results: Most of the studies in training for Industry 4.0 are oriented to undergraduate and graduate students (in an educational approach) or industrial employees (in an enterprise approach) and, in general, they explore technical, technological, and human oriented subjects. There is a lack concerning studies targeting managers who deal with Industry 4.0 and few studies consider content related to Industry 4.0 impact on business models, sustainability, corporate social responsibility, and other related concepts. Limitations of the investigation: The main limitation is related to the database selection criteria. Search in non-indexed databases, book chapters, and non-English language are not included in this study. Practical Implications: The findings presented in this paper are relevant for researchers and academics as they can serve as a guide for future research work. Consultants, professionals, and trainers can enhance their courses by including currently less explored content or target audiences. Originality/Value: No similar papers were found in scientific databases and this reinforces this manuscript's originality and contribution.

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“…SWOT-AHP analysis has been successfully applied in a number of recent studies (Jain et al, 2021;Stefan et al, 2021;Veličkovska, 2022;Shiwakoti & Regmi, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Swot-Ahp Hybrid Method for Ranking the Strategies in the Shipbuilding Sector

Popescu

Gasparotti

2022

Journal of Business Economics and Management

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The paper outlines the most important shipbuilding strategies in Romania that would allow this industry to increase its performance to be competitive. The research is mainly based on the collection of information from experts in the field from ANCONAV (Romanian Shipbuilders Association), specialists in design and production, and shipyard managers in Romania. The SWOT analysis was based on this information and was the starting point in formulating the strategies. The quantitative determination of the importance of each factor and sub-factor from the SWOT matrix in view of ranking the strategies, but also the verification of the points of view of the experts in the field were performed using the Analytical Hierarchy Process Method (AHP), using Excel applications. The obtained results consisted in identifying the internal and external environmental factors and formulating the main strategies with positive effects on the Romanian naval sector (the development of a Romanian cluster, the consolidation of the position on the global ship market through aggressive marketing, investments regarding the construction of ecological ships, the development of centers of excellence for exploiting the research-development-innovation capacity, the limitation of highly-skilled labor migration, expanding the digitalization, and developing a marketing policy to promote the national shipbuilding companies globally).

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SWOT analysis of Industry 4.0 variables using AHP methodology and structural equation modelling

Cited by 28 publications

References 72 publications

Efficiency of the use of information and communication technologies as a determinant of the digital business transformation process

Efficiency of the use of information and communication technologies as a determinant of the digital business transformation process

Training for Industry 4.0: a systematic literature review and directions for future research

Swot-Ahp Hybrid Method for Ranking the Strategies in the Shipbuilding Sector

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