scholarly journals Fermatean Fuzzy CRITIC-COPRAS Method for Evaluating the Challenges to Industry 4.0 Adoption for a Sustainable Digital Transformation

2021 ◽  
Vol 13 (17) ◽  
pp. 9577
Author(s):  
Mahyar Kamali Saraji ◽  
Dalia Streimikiene ◽  
Grigorios L. Kyriakopoulos
Keyword(s):  
Industry 4.0 ◽  
Resistance To Change ◽  
Clean Energy ◽  
Digital Transformation ◽  
Green Economy ◽  
Governmental Support ◽  
Supply Industry ◽  
Smart Technologies ◽  
Coordination And Collaboration ◽  
Copras Method

Decision and policymakers are looking at the potential of Industry 4.0 smart technologies to create a green economy as the European Commission aims to deliver the European Green Deal by rethinking policies for clean energy supply. Industry 4.0 will eventually be applied to all aspects of life; however, it is necessary to identify the challenges to the adoption of Industry 4.0 for a sustainable digital transformation. In this vein, the present study aims to identify the challenges to the adoption of Industry 4.0 in fintech companies and to develop a novel Fermatean fuzzy CRITIC-COPRAS method to rank the identified challenges and evaluate the performance of companies concerning the weighted challenges based on three decision experts’ support. The results indicated that “difficulty in coordination and collaboration” is the most significant challenge to the adoption of Industry 4.0 out of the fourteen identified challenges, followed by “resistance to change” and “governmental support.” In addition, the superiority and efficiency of the proposed method were investigated through comparative analyses.

scholarly journals Challenges and Driving Forces for Industry 4.0 Implementation

2020 ◽  
Vol 12 (10) ◽  
pp. 4208 ◽  
Author(s):  
Iva Vuksanović Herceg ◽  
Vukašin Kuč ◽  
Veljko M. Mijušković ◽  
Tomislav Herceg
Keyword(s):  
Driving Force ◽  
Industry 4.0 ◽  
Driving Forces ◽  
Resistance To Change ◽  
Manufacturing Sector ◽  
Digital Transformation ◽  
Maturity Model ◽  
Exploratory Research ◽  
Implementation Barriers ◽  
High Level

Industry 4.0 has been a major force framing the societal, economic and technological environment after 2010. Exposed to ongoing digital transformation, companies are able to exploit opportunities offered by Industry 4.0, and are forced to manage immanent risks and barriers. However, studies on opportunities and challenges relevant for the implementation of Industry 4.0 for companies are scarce. In response to this literature gap, the aim of this exploratory research is to provide a deeper analysis of the level of digital transformation of companies in Serbia based on a digital maturity model, and examine their managers’ opinions on the most important driving forces and implementation barriers. The paper uses exploratory research design based on a survey responded to by 122 high-level managers within the Serbian manufacturing sector. Findings show that, contrary to expectations, digitally transforming enterprises do not see human resources as a driving force, but rather as an obstacle to Industry 4.0 implementation, when they lack necessary competences and skills. Resistance to change caused by Industry 4.0 implementation is not seen as an important barrier. On the other hand, efficiency factors represent the main driving force, while the lack of competences and financial resources represent the greatest barriers to Industry 4.0 implementation.

Reinforcing the cyber resilience of a credit institution in Industry 4.0

2020 ◽  
Vol 16 (6) ◽  
pp. 998-1012
Author(s):  
G.V. Fedotova ◽  
D.D. Tkachenko
Keyword(s):  
Content Analysis ◽  
Public Administration ◽  
Data Security ◽  
Industry 4.0 ◽  
Credit Institution ◽  
Security Systems ◽  
Banking Systems ◽  
It Systems ◽  
Smart Technologies ◽  
Banking Development

Subject. The article discusses the modeling of preventive protection of IT systems and evaluates their cyber resilience. Objectives. The study evaluates the existing threats and determines how informatization processes may unfold in the credit segment. Methods. Research is based on methods of regulatory and legislative analysis. We evaluate today’s public administration of cybersecurity in the financial and credit sector. To give a view of the existing situation and sum up the sector’s performance for the recent years, we performed the content analysis of statistics on data hacking and leakages. Results. The article highlights new trends in the financial and credit sector and the growing complexity of data security systems. As proposed by the Bank of Russia, the integration of smart technologies is showed to reinforce the cybersecurity of banking systems. Conclusions and Relevance. The informatization of all banking operation systems, growing complexity of procedures and work logs require new robust resources to be integrated into financial technologies. Stronger cybersecurity should lay a trend in the financial and credit sector in the nearest future. The findings can be used to flag strategic milestones of the banking development in the information-driven society.

scholarly journals The Impact of Force Factors on the Benefits of Digital Transformation in Romania

2021 ◽  
Vol 11 (5) ◽  
pp. 2365
Author(s):  
Sorinel Căpușneanu ◽  
Dorel Mateș ◽  
Mirela Cătălina Tűrkeș ◽  
Cristian-Marian Barbu ◽  
Adela-Ioana Staraș ◽  
...  
Keyword(s):  
Perceived Risk ◽  
Industry 4.0 ◽  
Business Models ◽  
Structural Model ◽  
Digital Transformation ◽  
Sample Survey ◽  
Intention To Use ◽  
Online Questionnaire ◽  
Use Of Technology ◽  
The Impact

The digital transformation has produced changes in all existing areas of activity worldwide. There are many factors that can influence the intention to use Industry 4.0 processes and solutions and change the behavior of organizations and their business models. The aim of this study is to validate the econometric model on assessing the significant impact of distinct factors on the intention to use Industry 4.0 processes and solutions, the benefits of digital transformation perceived by organizational management and the differences between distinct groups analyzed. The research method used within the quantitative study was the sample survey, using the online questionnaire as a data collection tool. Three hundred forty-seven valid questionnaires were collected and the response rate of the respondents was 64.25%. A new structural model was generated based on the elements of the Unified Theory of Acceptance and Use of Technology (UTAUT). The results of the study indicated that Perceived competitiveness and Perceived risk have a significant impact on Intention to Use Industry 4.0 processes while Perceived vertical networking solutions and Perceived integrated engineering solutions have a significant influence on the Intention to Use Industry 4.0 solutions. In conclusion, there is a positive and significant association between Intention to Use Industry 4.0 solutions and Benefits of Digital Transformation.

scholarly journals Embracing Industry 4.0: Empirical Insights from Malaysia

Informatics ◽  
2021 ◽  
Vol 8 (2) ◽  
pp. 30
Author(s):  
Mansoor Ahmed Soomro ◽  
Mohd Hizam-Hanafiah ◽  
Nor Liza Abdullah ◽  
Mohd Helmi Ali ◽  
Muhammad Shahar Jusoh
Keyword(s):  
Industry 4.0 ◽  
New Technologies ◽  
Descriptive Study ◽  
Digital Transformation ◽  
Quantitative Approach ◽  
Survey Questionnaire ◽  
Digital Revolution ◽  
Leadership Strategy ◽  
The Right ◽  
The Cost

Industry 4.0 revolution, with its cutting-edge technologies, is an enabler for businesses, particularly in reducing the cost and improving the productivity. However, a large number of organizations are still too in their infancy to leverage the true potential of Industry 4.0 and its technologies. This paper takes a quantitative approach to reveal key insights from the companies that have implemented Industry 4.0 technologies. For this purpose, 238 technology companies in Malaysia were studied through a survey questionnaire. As technology companies are usually the first in line to adopt new technologies, they can be studied better as leaders in adopting the latest technologies. The findings of this descriptive study surfaced an array of insights in terms of Industry 4.0 readiness, Industry 4.0 technologies, leadership, strategy, and innovation. This research paper contributes by providing 10 key empirical insights on Industry 4.0 that can be utilized by managers to pace up their efforts towards digital transformation, and can help the policymakers in drafting the right policy to drive the digital revolution.

Energy Transition and Post-COVID World

2021 ◽  
Vol 65 (6) ◽  
pp. 79-85
Author(s):  
E. Telegina
Keyword(s):  
Social Transformation ◽  
Continuous Process ◽  
Energy Resource ◽  
Energy Transition ◽  
Clean Energy ◽  
Green Energy ◽  
Digital Transformation ◽  
Transport Infrastructure ◽  
Electricity Production ◽  
Digital World

Received 13.01.2021. The coronavirus pandemic has accelerated global economic, technological and social transformation, including the energy sector, and has given the impetus to energy transition from organic fuels to clean energy sources. Though oil will remain an important energy resource in the global energy balance, in the long run renewables will become the leading energy. The European Union and China are the leaders in implementation of energy transition strategies from fossil to clean energy. The transformation in the energy market has affected dramatically the relations between producers and consumers, who now actively determine the consumption trends (for example, green energy, electric vehicles, etc.). Distributed generation and blockchain in power industry enable the consumers to play an active part in the electricity production and distribution chains. Digital transformation and climate agenda are changing the structure of energy business from vertically integrated companies to knowledge-intensive networks. Investors almost unanimously vote for renewable energy. The largest oil and gas companies change their long-term strategies and transform into energy holdings with the prevailing share of renewables in the business structure. Hydrogen attracts particular attention as a promising energy source. The EU plans to develop hydrogen transport infrastructure. For its part, Russia has the ability to supply hydrogen to the European market through the existing gas pipelines. Coronacrisis accelerated the development of online services, artificial intelligence, and distant work. Education and telemedicine received a powerful impetus for further development. Еducation becomes continuous process in the digital world. New educational ecosystems in which skills and competencies are worked out on an interdisciplinary basis are formed. Digital transformation meets the expectations of the generation Z, which in the coming decades will become economically active and will dominate in social and economic agenda. Digitalization, adaptive nature-like technologies, environmentally friendly energy resources, flexible horizontal network between market participants are already a post-COVID reality.

scholarly journals Digital industry and manufacturing automation: impact on employment

2020 ◽  
Vol 1 (2) ◽  
pp. 17-19
Author(s):  
Danil Alekseevich Zyukin
Keyword(s):  
Automotive Industry ◽  
Industry 4.0 ◽  
Structural Complexity ◽  
Digital Transformation ◽  
Fourth Generation ◽  
Production Sector ◽  
Manufacturing Automation ◽  
Manufacturing Enterprises ◽  
Systemic Level

The aim of article. The digital industry (Industry 4.0, the fourth-generation industry) is developing - based on the digital transformation of the production sector. Countries must create a workforce ready for future infrastructure. This requires the cooperation of universities, government and industry, including initiatives aimed at training workers for the transforming productive sector. The pandemic has COVID-19 exacerbated the problem of employment. Methodology: it is necessary to study the problem of employment at the systemic level, with an analysis of the structural complexity and development of digital transformations. This article explores this problem for manufacturing enterprises, in particular the automotive industry. The Results and Conclusions present the results of the analysis and make forecasts.

scholarly journals Designing industry 4.0 implementation from the initial background and context of companies

2021 ◽  
Vol 3 ◽  
pp. 27
Author(s):  
Valérie Rocchi ◽  
Daniel Brissaud
Keyword(s):  
Digital Technology ◽  
Industry 4.0 ◽  
Success Factors ◽  
Theoretical Models ◽  
Digital Transformation ◽  
Transformation Model ◽  
Structured Interviews ◽  
Long Time ◽  
Key Variables ◽  
The Right

Industry 4.0 is a promising concept that allows industries to meet customers’ demands with flexible and resilient processes, and highly personalised products. This concept is made up of different dimensions. For a long time, innovative digital technology has been thought of as the only dimension to succeed in digital transformation projects. Other dimensions have been identified such as organisation, strategy, and human resources as key while rolling out digital technology in factories. From these findings, researchers have designed industry 4.0 theoretical models and then built readiness models that allow for analysing the gap between the company initial situation and the theoretical model. Nevertheless, this purely deductive approach does not take into consideration a company’s background and context, and eventually favours one single digital transformation model. This article aims at analysing four actual digital transformation projects and demonstrating that the digital transformation’s success or failure depends on the combination of two variables related to a company’s background and context. This research is based on a double approach: deductive and inductive. First, a literature review has been carried out to define industry 4.0 concept and its main dimensions and digital transformation success factors, as well as barriers, have been investigated. Second, a qualitative survey has been designed to study in-depth four actual industry digital transformation projects, their genesis as well as their execution, to analyse the key variables in succeeding or failing. 46 semi-structured interviews were carried out with projects’ members; interviews have been analysed with thematic content analysis. Then, each digital transformation project has been modelled regarding the key variables and analysed with regards to succeeding or failing. Investigated projects have consolidated the models of digital transformation. Finally, nine digital transformation models have been identified. Industry practitioners could design their digital transformation project organisation and strategy according to the right model.

scholarly journals IR4.0: unmanned store apps

2020 ◽  
Vol 17 (3) ◽  
pp. 1540
Author(s):  
Saidatul Rahah Hamidi ◽  
Muhammad Afiq Muhamad Yusof ◽  
Shuhaida Mohamed Shuhidan ◽  
Shamsiah Abd Kadir
Keyword(s):  
Internet Of Things ◽  
Comparative Study ◽  
Industry 4.0 ◽  
Technology Innovation ◽  
Digital Transformation ◽  
Strategic Marketing ◽  
Retail Industry ◽  
The Internet ◽  
The Comparative Study ◽  
The Internet Of Things

<span>The Internet of Things (IoT) is predicted to be one of the major megatrends in technology that applies worldwide including in Malaysia. Current advantages and expectations of using a connected device has become a reason to use applications in many areas, including the field of retail industry. The evolvement of technology has changed the retail landscape that replaces the manpower in their operations to improve the efficiency, quality and work ethics. Hence, this paper discussed comparative study of technology innovation applied and process flow in unmanned store from different country. Next, prototype of unmanned store apps was designed according to the most preferred technology based on the comparative study. IoT retailer model can be used to improve the retail experience for the customers. Thus, it may perform strategic marketing and gain retail intelligence. Besides, the revolution of using technology in this retail industry is contributing towards Industry 4.0 through digital transformation.</span>

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