scholarly journals Fit to Work in the Business Models of the Industry 4.0 Age

2020 ◽  
Vol 12 (12) ◽  
pp. 4854 ◽  
Author(s):  
Małgorzata Dobrowolska ◽  
Lilla Knop
Keyword(s):  
Sustainable Development ◽  
Significant Role ◽  
Organizational Identification ◽  
Industry 4.0 ◽  
Business Models ◽  
Factor Model ◽  
Global Competition ◽  
Quantitative Studies ◽  
Innovative Economy

Global competition, the requirements of sustainable development, building an innovative economy or Industry 4.0 develop the need for changing or creating new legacy business models. Competencies adequate to new working possibilities play a significant role in these changes. The key role played here is the assessment of fit to work in the Industry 4.0. The purpose of the paper is to analyze fit to work in business models using the features and elements of Industry 4.0. There are specific antecedences identified for creating and changing business models in the aspect of implementing Industry 4.0, with particular attention paid to the meaning of competencies and their adaptation for the 4.0 requirements. Quantitative studies have been performed on a sample of 472 employees of Industry 4.0 in three countries: Germany, Poland and Slovakia. Theoretical and empirical considerations use the four-factor model differentiating the supplementary and complementary fit, organizational identification and satisfaction from work.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

Industry 4.0 and Sustainability

2021 ◽  
pp. 113-130
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

scholarly journals The Fourth Industrial Revolution and the Sustainability Practices: A Comparative Automated Content Analysis Approach of Theory and Practice

2020 ◽  
Vol 12 (20) ◽  
pp. 8497
Author(s):  
Vasja Roblek ◽  
Oshane Thorpe ◽  
Mirjana Pejic Bach ◽  
Andrej Jerman ◽  
Maja Meško
Keyword(s):  
Sustainable Development ◽  
Content Analysis ◽  
News Media ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Theory And Practice ◽  
Fourth Industrial Revolution ◽  
Automated Content Analysis ◽  
Starting Point

(1) Background: The article provides a methodologically coherent analysis of technological development in the context of the fourth industrial revolution or Industry 4.0 and its impact on changes in sustainable development policy. (2) Methods: Using a Comparative Automated Content Analysis (ACA) approach, the article compares recent scientific work on sustainable development and the fourth industrial revolution with the discourse in the news media on sustainable development and industry 4.0. (3) Results: The scientific literature focuses more on changes in business models, production processes, and technologies that enable sustainable development. Newspaper and magazine articles write more about sustainable or green investments, sustainable standards, and sustainable reporting. The focus is on topics that are directly relevant to current sustainable business development and the promotion of research and development of clean and smart technologies and processes. (4) Conclusions: The ACA allows a more systematic comparison of different data sources. The article provides a starting point for sustainable development professionals to gain useful insights into a specific context with the help of the ACA.

scholarly journals The Fourth Industrial Revolution and the Sustainability Practices: A Comparative Automated Content Analysis Approach of Theory and Practice

2020 ◽  
Author(s):  
Vasja Roblek ◽  
Oshane Thorpe ◽  
Maja Meško ◽  
Mirjana Pejic Bach ◽  
Andrej Jerman
Keyword(s):  
Sustainable Development ◽  
Content Analysis ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Scientific Literature ◽  
Theory And Practice ◽  
Production Processes ◽  
Automated Content Analysis ◽  
Green Investment

Background (1) In the time of the 4th Industrial Revolution or Industry 4.0, a conglomerate of technical and social inventions, political contexts, socio-cultural circumstances, environmental policies, business models, and economic policies has emerged. Sustainability policy in theory and practice aims to deal with the effects of all these factors and to try to make decisions that ensure both social and economic development sustainably. The question is how to familiarize oneself with the current knowledge about the relationship between Industry 4.0 and sustainability?; (2) Methods: This research utilizes an automated content analysis method to analyses scientific journals, newspapers and magazines. The comparison of results of both research group shows that the scientific literature focuses more on changes in business models, production processes and technologies that enable sustainable development; (3) We found that the scientific literature focuses more on changes in business models, production processes and technologies that enable sustainable development. Newspapers and magazines articles write more about sustainable or green investment, sustainable standards and sustainable reporting. Newspapers and magazines articles write more about sustainable or green investment, sustainable standards and sustainable reporting. Newspapers, as well as some latest research journals, include articles of the COVID-19 outbreak and its effect on the economy and the environment. Indeed, the outbreak of the virus brings a new thought to the reorganization of the complex relationships between consumers, businesses and the state; (4) Conclusions: According to the comparison of the analyses of the results, it can is that the analyses of both types of literature, both scientific and professional, shows that there are common topics they write about, which are related to the field of clean production, emissions, renewable energy, climate change, sustainable investments and corporate sustainability. An urgent global issue that extends all over the world is the promotion of energy-saving technologies and reduction of carbon dioxide emissions.

scholarly journals Synergy between Circular Economy and Industry 4.0: A Literature Review

2021 ◽  
Vol 13 (8) ◽  
pp. 4331
Author(s):  
Carlos Andrés Tavera Romero ◽  
Diego F. Castro ◽  
Jesús Hamilton Ortiz ◽  
Osamah Ibrahim Khalaf ◽  
Miguel A. Vargas
Keyword(s):  
Sustainable Development ◽  
Literature Review ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Evolutionary Relationship ◽  
Technological Changes ◽  
Research Papers ◽  
Step Model ◽  
The Impact

Recent research has shown that there is a correlation between the circular economy (CE) and Industry 4.0 (I4.0). In addition, other research papers have analyzed the way that CE uses the different I4.0 technologies to transfer from the existing linear economy to CE; however, there are still gaps in the literature regarding the challenges and impacts that society and individuals must face to be ready for the transition from a linear to a circular economy. These challenges seek to guarantee the sustainability and sustainable development of the different business models that mobilize products and services through supply chains. Here, we conducted a review and compilation of the latest bibliography of circular economy and Industry 4.0 theory. The objective of this work is to present the evolutionary relationship between CE and I4.0, as well as its multi-step model of analysis. This research is relevant because its topics are timely and pertinent, especially for academics. Further, at the time that this research was performed, none of the countries were concerned about the impact that technological changes have on the human being and on society, and up to now we do not currently have studies that show how people are being trained to face the transition from the linear economy, which is common in most societies, toward a CE.

scholarly journals The Role of the State in Creating an Innovative Economy

2019 ◽  
Vol 9 (2) ◽  
pp. 2018-2024
Keyword(s):  
Sustainable Development ◽  
The State ◽  
Global Competition ◽  
Social Production ◽  
Russian Economy ◽  
Technological Competition ◽  
Role Of The State ◽  
Key Factor ◽  
Innovative Economy

Creating and ensuring sustainable development is impossible without active innovation in all areas of social production. Today, our country has achieved high and even record-breaking indicators in certain industries. All this happens, including through innovation. Technological competition is a key factor in the global competition between the States. However, technological pessimism remains the prevailing sentiment among groups of domestic experts. It is aggravated by the sanctions policy of Western countries and the risks of further isolation. Thus, further breakthrough development of the Russian economy is possible only with comprehensive support from the state and a systematic orientation towards the creation of an innovative economy

Industry 4.0 initiatives in EU countries: experience for Ukraine

2020 ◽  
pp. 65-70
Author(s):  
Nataliya Ryvak ◽  
Anna Kernytska
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Successful Implementation ◽  
Industrial Complex ◽  
Interconnected System ◽  
Industrial Transformation ◽  
Eu Countries ◽  
European Experience ◽  
High Level

In this paper, digital technologies development was analyzed as the basis for the so-called “fourth industrial revolution” with the potential for the qualitative transformation of the Ukrainian economy based on EU countries’ experience. Industry 4.0 is a new control chain over the entire chain of creating value throughout the product lifecycle. When developing an economic policy, it is important to pay attention to Industry 4.0. It increases productivity, produces new, better, and individualized products, and implements new business models based on “undermining” innovations. A comparative analysis of national initiatives I4.0 with their characteristics according to the main dimensions, including funding, focus, direction, was conducted. Particular attention was paid to considering deterrents to the successful implementation and enforcement of the I4.0 initiative in European countries. The factors of successful implementation of I4.0 initiatives in the EU countries were analyzed. Drawing on the analysis of the European experience of digital transformations in industry and national economies in general, the necessity of critical focus of such transformations in Ukraine was highlighted, and the need for state support of industrial transformation was substantiated. The emphasis was placed on the cooperation development between stakeholders within the implementation of Industry 4.0 – it is necessary to create national and regional 4.0 platforms, following the example of EU countries, which would bring together government institutions, businesses, and academics. The successful positioning of the Ukrainian modern industrial complex on the world markets depends on the high level of the interconnected system providing factors that characterize its development process. Considering the influence of a list of inhibiting factors on implementing the country’s industry accelerated development, a set of measures needed to transform Ukraine’s industry based on European experience was substantiated.

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.

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