Transforming to a Hyper-connected Society and Economy – Towards an “Industry 4.0”

Bauer, Wilhelm; Hämmerle, Moritz; Schlund, Sebastian; Vocke, Christian

doi:10.1016/j.promfg.2015.07.200

Cited by 215 publications

(145 citation statements)

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“…Measures for organizational and production fit were derived from literature investigating company characteristics that impede Industry 4.0 implementation [42,43,57,[81][82][83]. Challenges concerning employee qualifications and acceptance lay the basis for items within the respective construct [2][3][4]61,66,78,84,85].…”

Section: Methodsmentioning

confidence: 99%

“…Industry 4.0 is expected to pose a far-reaching impact on employees' roles within manufacturing companies [2,4,61]. Employees need to be qualified in order to approach this new technology concept, emphasizing the relevance of Industry 4.0-adequate personal (e.g., willingness to learn), social/interpersonal (e.g., creative problem solving in social settings), action-related (e.g., ability to find practical solutions), and domain-related competencies (e.g., understanding network technologies as well as data analysis and processing) [42].…”

Section: Employee Qualifications and Acceptancementioning

confidence: 99%

“…This new paradigm of digitized and connected manufacturing is referred to as "Industry 4.0" or "Industrial Internet of Things" (IIoT) and is transforming established factories into smart and autonomous production [1]. It enables real-time-capable horizontal and vertical Internet-based connectedness of people, machines, and objects, as well as information and communication technologies for the dynamic management of complex business processes [2]. Associated with this flexibility, Industry 4.0 aims at overcoming contemporary challenges, such as intensifying global competition, volatile markets and demands, required customization, as well as decreasing innovation and product life cycles.…”

Section: Introductionmentioning

confidence: 99%

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What Drives the Implementation of Industry 4.0? The Role of Opportunities and Challenges in the Context of Sustainability

2018

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Abstract:The implementation of Industry 4.0 has a far-reaching impact on industrial value creation. Studies on its opportunities and challenges for companies are still scarce. However, the high practical and theoretical relevance of digital and connected manufacturing technologies implies that it is essential to understand the underlying dynamics of their implementation. Thus, this study examines the relevance of Industry 4.0-related opportunities and challenges as drivers for Industry 4.0 implementation in the context of sustainability, taking a differentiated perspective on varying company sizes, industry sectors, and the company's role as an Industry 4.0 provider or user. A research model comprising relevant Industry 4.0-related opportunities and challenges as antecedents for its implementation is hypothesized. In order to test the model, partial least square structural equation modeling is applied for a sample of 746 German manufacturing companies from five industry sectors. The results show that strategic, operational, as well as environmental and social opportunities are positive drivers of Industry 4.0 implementation, whereas challenges with regard to competitiveness and future viability as well as organizational and production fit impede its progress. Moreover, it is shown that the perception of Industry 4.0-related opportunities and challenges as antecedents to Industry 4.0 implementation depends on different company characteristics.

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Section: Methodsmentioning

confidence: 99%

Section: Employee Qualifications and Acceptancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What Drives the Implementation of Industry 4.0? The Role of Opportunities and Challenges in the Context of Sustainability

2018

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“…Flexibility and transformability are key attitudes of successful organizations in the future and drive them on the road of digitalization (Bauer, Hämmerle, Schlund, & Vocke, 2015). Digitalization will have an effect on customer structure and behavior, increase the efficiency of operations including their supply chain and at the end may change the entire business model (Westerman, Bonnet, & McAfee, 2014).…”

Section: Theory Of Digitalization and Decision Makingmentioning

confidence: 99%

The Competitive Advantage of Digital Decision Making for Strategic Decisions—In Scope of the Supply Chain

Hoßfeld¹

2018

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This paper will discuss the advantage of decision making supported by a digital system and will provide an overview. Decision making in organizations is a significant system implied task of managers and therefore a broad area in scientific research, not only in the discipline management-even from technical to humanistic disciplines.Nowadays the trend of digitalization captures all areas of live as well as the typical management task of decision making. Triggered by the digitalization trend business will move toward an autonomous decision making of machines or cyber systems. The important step toward autonomous decisions or decision support (cyber systems will prepare a decision, but finally executed by a human) will be the next development step for decision making.The hypothesis, that the digital set up for decision making in organizations will increase the efficiency of strategic decisions will be proofed by an empiric study. The research method for the empiric part of this paper is a questionnaire. This online questionnaire will be answered by professionals and scholar. As a typical example for a strategic decision, the author explains a business case in the supply chain function of organizations. The research findings of the questionnaire will illustrate that the digitalization of supply chain processes is in scope of managers and consultants, to reach higher efficiency by increased turnover or reduced costs. The result of this paper verifies an improved decision process by usage of digital features, but the capability of the entire digital possibilities is not fully achieved yet.

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“…Bauer et al [17] concluded that mobile devices and social media are part of Industry 4.0 since the manufacturing environment is leading to real-time transparency, which will make production control, and management processes more flexible. This "digital transformation" can be challenging for the companies however, many companies are already started their journey to transformation since they provide interactive websites, improved customer service and so on [18].…”

Section: Literature Reviewmentioning

confidence: 99%

Social Media’s Perspective on Industry 4.0: A Twitter Analysis

Yilmaz¹,

Aygün²,

Tanrıkulu³

2017

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The development and change that has taken place in the industry recently entered a new phase in parallel with the developments in computer technology. This phase is referred as Industry 4.0. With Industry 4.0, companies are working to take advantage of information technology to increase profitability and productivity. Increasing use of social media in recent years has forced companies to show their presence on those platforms. Social media is a major source of meaningful information for companies because it contains large amounts of data. In this study, the top five companies operating in information technology (IT) research/consulting and the top five companies operating in enterprise resource planning (ERP) field were selected. Conclusions have been made based on the analysis of the tweets related to Industry 4.0.

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Transforming to a Hyper-connected Society and Economy – Towards an “Industry 4.0”

Cited by 215 publications

References 1 publication

What Drives the Implementation of Industry 4.0? The Role of Opportunities and Challenges in the Context of Sustainability

What Drives the Implementation of Industry 4.0? The Role of Opportunities and Challenges in the Context of Sustainability

The Competitive Advantage of Digital Decision Making for Strategic Decisions—In Scope of the Supply Chain

Social Media’s Perspective on Industry 4.0: A Twitter Analysis

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