scholarly journals Tracking the Maturity of Industry 4.0: The Perspective of a Real Scenario

2021 ◽  
Author(s):  
Vítor Alcácer ◽  
Carolina Rodrigues ◽  
Helena Carvalho ◽  
Virgilio Cruz-Machado
Keyword(s):  
Empirical Data ◽  
Industry 4.0 ◽  
Business Models ◽  
New Technologies ◽  
Industrial Cluster ◽  
Academic Community ◽  
Enabling Technologies ◽  
Readiness Level ◽  
Different Dimensions ◽  
Real Scenario

Abstract In order to track industry 4.0 status, readiness models can be used to analyze the state of indus-try 4.0 technologies’ implementation allowing the quantification and qualification of its readiness level, focusing on different dimensions. To this matter, there are companies unable to relate the industry 4.0 with their business models, leading to a lack of a correct self-assess in order to understand the reached readiness level. Not all companies are adopting these new technologies with the same ease and with the same pace. Into this purpose, it is important to understand how to assess the industry 4.0’ readiness so far and what are the barriers on the adoption of these enabling technologies by the industry. This paper aims to assess the industry 4.0’ readiness level of companies, understand the perception of companies due to the barriers on the adoption of industry 4.0 enabling technologies and bring new barriers for discussion on academic community. To this end, empirical data was collected on a sample of 15 companies belonging to an important industrial cluster in Portugal.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

scholarly journals Impact Assessment of Additive Manufacturing on Sustainable Business Models in Industry 4.0 Context

2020 ◽  
Vol 12 (17) ◽  
pp. 7066 ◽  
Author(s):  
Radu Godina ◽  
Inês Ribeiro ◽  
Florinda Matos ◽  
Bruna T. Ferreira ◽  
Helena Carvalho ◽  
...  
Keyword(s):  
Additive Manufacturing ◽  
Industry 4.0 ◽  
Manufacturing Systems ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Three Dimensions ◽  
Sustainable Business ◽  
Core Element ◽  
Sustainable Business Models

Additive manufacturing has the potential to make a longstanding impact on the manufacturing world and is a core element of the Fourth Industrial Revolution. Additive manufacturing signifies a new disruptive path on how we will produce parts and products. Several studies suggest this technology could foster sustainability into manufacturing systems based on its potential of optimizing material consumption, creating new shapes, customizing designs and shortening production times that, all combined, will greatly transform some of the existing business models. Although it requires reaching a certain level of design maturity to completely insert this technology in an industrial setting, additive manufacturing has the potential to favorably impact the manufacturing sector by reducing costs in production, logistics, inventories, and in the development and industrialization of a new product. The transformation of the industry and the acceleration of the adopting rate of new technologies is driving organizational strategy. Thus, through the lenses of Industry 4.0 and its technological concepts, this paper aims to contribute to the knowledge about the impacts of additive manufacturing technology on sustainable business models. This aim is accomplished through a proposed framework, as well as the models and scales that can be used to determine these impacts. The effects are assessed by taking into account the social, environmental and economic impacts of additive manufacturing on business models and for all these three dimensions a balanced scorecard structure is proposed.

scholarly journals Industry 4.0: More than a Technological Revolution

Revista CEA ◽  
2019 ◽  
Vol 5 (10) ◽  
pp. 9-10
Author(s):  
Detlef Zuehlke
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
New Technologies ◽  
Industrialized Countries ◽  
Internet Communication ◽  
The World ◽  
Smart Control ◽  
Complete Set ◽  
Set Up ◽  
Service Standards

Since its first appearance in April 2011, the term Industry 4.0 has become synonymous with the production of the future. Nearly all industrialized countries around the globe have set up research programs and industry support projects, and they encourage SMEs and government agencies to actively shape those developments and keep their industries competitive. Today, the Industry 4.0 has already arrived in factories, at least in the highly developed regions of the world. However, so far, most Industry 4.0 activities can be observed in the field of smart control systems. New technologies appear increasingly faster and find their application in production environments. TSN/SDN Ethernet will offer a complete compatible internet communication standard with real-time capabilities. Nevertheless, appropriate protocols for its application and interoperability are still a work in progress; they are called Asset Administration Shells and define a complete set of communication and service standards to easily connect any device from any supplier worldwide to a factory network. In conclusion, industrialized countries are not only suppliers of technologies to the rest of the world, they should also accept their responsibility to help less industrialized regions to find and implement their future business models in an interconnected world.

scholarly journals Industry 4.0 Maturity Follow Up Inside an Internal Value Chain: A Case Study

2021 ◽  
Author(s):  
Vítor Alcácer ◽  
João Rodrigues ◽  
Helena Carvalho ◽  
Virgílio Machado
Keyword(s):  
Information And Communication Technologies ◽  
Value Chain ◽  
Industry 4.0 ◽  
Communication Systems ◽  
New Production ◽  
Enabling Technologies ◽  
Readiness Level ◽  
Information And Communication ◽  
A Company

Abstract Social, economic, and technological recent developments leading companies to face new production challenges. Companies will need physical and virtual structures allowing cooperation and quick adaptation along all value chain. To this matter, one of the main foundations of industry 4.0 is the use of information and communication technologies systems. Many companies are using information and communication systems without integration with business partners and even also with internal departments. This gap needs to be analyzed and it can be made by measuring the status of the industry 4.0 enabling technologies adoption inside a company using maturity or readiness models transmitting knowledge and pathing initiatives to help on progress and monitorization, looking forward to the future status of the internal value chain. On a qualitative and quantitative matter, this study presents the industry 4.0 enabling technologies readiness level of three departments of an automotive company internal value chain. This case study shows different readiness level on each department and limitations to reach better levels such as potential results if the benefits of industry 4.0 enabling technologies were reach on a company that assumes to be aligned with the industry 4.0 strategy.

“New Normal” Strategic Communication

2020 ◽  
pp. 71-92
Author(s):  
Slavica Cicvarić Kostić ◽  
Jelena Gavrilović Šarenac
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Planning Process ◽  
Strategic Communication ◽  
New Normal ◽  
Business Functions ◽  
New Industry ◽  
Modern Technologies

The digital industrial revolution, also called Industry 4.0, is substantially changing all areas of business. The application of modern technologies is transforming not only products and processes in the industry, but also business models in all sectors, which further implies required adaptations of all business functions. This chapter addresses the new dynamics and implications for strategic communication brought on by digitalization. A planning process of strategic communication will be elaborated within a digital context, together with the specifics of communicating with younger generations. Communication activities mostly relevant for companies in the new industry will also be presented. The issue of ethics in strategic communication will be also addressed, together with major initiatives in regulating the standards of the profession. The purpose of this chapter is to describe the changes that new technologies have brought to the discipline.

Building Proper Organizational Culture for IR 4.0 and Sustainability—A Conceptual Framework

2020 ◽  
Vol 17 (5) ◽  
pp. 2172-2175
Author(s):  
Sreenivasan Jayashree ◽  
C. A. Malarvizhi ◽  
Mohammad Nurul Hassan Reza
Keyword(s):  
Organizational Culture ◽  
Industry 4.0 ◽  
Structural Equation ◽  
Business Models ◽  
New Technologies ◽  
Design Procedure ◽  
Equation Modeling ◽  
Manufacturing Companies ◽  
Cross Sectional Survey ◽  
Cross Sectional

The use of new technologies in the industrial environment is entering a new era referred to as the 4th industrial revolution. This digital revolution appeals to enterprises due to different competitive advantages it offers. Industry 4.0 helps enterprises to change the products and production arrangement relating to the design, procedure, function and services. And the accomplishment of this concept has additional outcome for management and upcoming employment through generating new business models. Organizations can build their sustainability by implementing the principles of IR 4.0 and thus they can move towards a more sustainable society as well as the best and ecological production process. As a result, there is a primary need for supporting companies in the adaptation to Industry 4.0 technologies, and point them for developing their competencies in an identical, objective, and repeatable way. It’s the high time for Malaysian manufacturing companies to build transit to IR 4.0 as their current industrial range is 2.0 to 3.0. This study aims to assist the organizations through providing comprehensive guidance by exploring the dimensions of organizational culture. The study is planned to employ a cross-sectional survey and Structural Equation Modeling (SEM) will be used for data analysis.

scholarly journals Digital Business What's Next

2021 ◽  
Author(s):  
Hendro Wicaksono
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Enabling Technologies ◽  
Industrial Revolutions

The presentation gives a brief introduction to industrial revolutions and their enabling technologies, entrepreneurship types, and leadership transformation. It also explains the transformation of business models and disruptions in different sectors due to the innovative implementation of new technologies.

scholarly journals The Interpretation of Industry 4.0 by Hungarian Technology-Oriented Startups

2019 ◽  
Vol 12 (2) ◽  
pp. 149-164
Author(s):  
Peter Halmosi
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
New Technologies ◽  
Business Environment ◽  
Standard Of Living ◽  
Business Strategies ◽  
Production Chain ◽  
Team Working ◽  
New Business ◽  
Near Future

Abstract Technology-oriented startups are valued participants of the economy in the 21st century. By inventing and bringing new technologies to the market, this sector supports not only the growth of competitiveness in the corporate sector but that of the standard of living as well. These companies reinterpret the meaning of enterprise by building new functional business strategies, collaborations and business models. As of changing production sequences, conditions of business activity will change together. In the near future, not only the activity of organisations but of technology and business platforms, networks shall be controlled and developed along the value production chain. As attitude to customers will undergo serious changes, the meaning of team working will also be reinterpreted. The carrier of changes will be the Industry 4.0 framework. Due to this, information technology will not exclusively support business but establish new business value by utilizing companies’ tools and resources. The aim of this paper is to present by a recent survey the attitude of Hungarian technology-oriented startups to the changing business environment in the era of Industry 4.0 which can already be observed in many sectors. The author of this paper believes that technology-oriented startups may take serious role in Europe to fight against low wage countries in the world.

Industry 4.0 as a data-driven paradigm: a systematic literature review on technologies

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cristina Orsolin Klingenberg ◽  
Marco Antônio Viana Borges ◽  
José Antônio Valle Antunes Jr
Keyword(s):  
Content Analysis ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Industry 4.0 ◽  
New Technologies ◽  
Journal Citation Report ◽  
Data Driven ◽  
Process Data ◽  
Content Type ◽  
Enabling Technologies

Purpose The purpose of this paper is to identify current technologies related to Industry 4.0 and to develop a rationale to enhance the understanding of their functions within a data-driven paradigm. Design/methodology/approach A systematic literature review of 119 papers published in journals included in the Journal Citation Report (JCR) was conducted to identify Industry 4.0 technologies. A descriptive analysis characterizes the corpus, and a content analysis identifies the technologies. Findings The content analysis identified 111 technologies. These technologies perform four functions related to data: data generation and capture, data transmission, data conditioning, storage and processing and data application. The first three groups consist of enabling technologies and the fourth group of value-creating technologies. Results show that Industry 4.0 publications focus on enabling technologies that transmit and process data. Value-creating technologies, which apply data in order to develop new solutions, are still rare in the literature. Research limitations/implications The proposed framework serves as a structure for analysing the focus of publications over time, and enables the classification of new technologies as the paradigm evolves. Practical implications Because the technical side of the new production paradigm is complex and represents an evolving field, managers benefit from a simplified and data-driven approach. The proposed framework suggests that Industry 4.0 should be approached by looking at how data can create value and at what role each technology plays in this task. Originality/value The study makes a direct link between Industry 4.0 technologies and the key resource of this revolution, i.e. data. It provides a rationale that not only establishes relationships between technologies and data, but also highlights their roles as enablers or creators of value. Beyond showing the current focus of Industry 4.0 publications, this paper proposes a framework that is useful for tracking the evolution of the paradigm.

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