scholarly journals Technology, Innovation and Business Transformation: An Industry 4.0 Perspective

2021 ◽  
Vol XXIV (Special Issue 5) ◽  
pp. 492-505
Author(s):  
Ibrahim ◽  
Stefan Trzcielinski
Keyword(s):  
Industry 4.0 ◽  
Technology Innovation ◽  
Business Transformation

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>

Industry 4.0 technology provision: the moderating role of supply chain partners to support technology providers

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Guilherme Brittes Benitez ◽  
Mateus Ferreira-Lima ◽  
Néstor F. Ayala ◽  
Alejandro G. Frank
Keyword(s):  
Supply Chain ◽  
Customer Loyalty ◽  
Open Innovation ◽  
Industry 4.0 ◽  
Technology Innovation ◽  
Technology Development ◽  
Competitive Strategies ◽  
Content Type ◽  
Innovation Activities ◽  
Long Run

Purpose The provision of Industry 4.0 solutions demands a vast range of technology domains. To provide these solutions, small and medium-sized enterprises (SMEs) may need the support of different supply chain actors through an inbound open innovation strategy. The authors study the contribution of four types of supply chain actors for inbound open innovation: suppliers, competitors with complementary technologies, R&D centers and customers. The authors analyze how these four actors moderate the effect of integrated Industry 4.0 solutions on three main competitive strategies: cost, focalization and differentiation. Design/methodology/approach The authors conducted a survey on 77 SMEs from the automation sector, using OLS regression with moderating effects. They considered the integration of 15 technologies and 7 classic automation activities in the provision of Industry 4.0 solutions. The authors also studied three competitive outputs – technology cost reduction (cost), customer loyalty (focalization) and technology innovation (differentiation) – as well as four supply chain actors (moderators). Findings Expanding the provision of Industry 4.0 technologies increases customer loyalty and technology innovation. Collaboration with competitors (complementary technologies) leverage these results and reduce technology costs. Integration between customers and R&D centers elevates costs but R&D centers can foster long-run innovation. Originality/value This study is the first to empirically investigate inbound open innovation in the supply chain for technology development in the context of Industry 4.0. The authors discuss how these actors contribute to four inbound open innovation activities: technology scouting; horizontal technology collaboration; vertical technology collaboration; and technology sourcing.

Do you have a naïve forecasting model of the future?

2020 ◽  
Vol 38 (4) ◽  
pp. 267-269
Author(s):  
Larry Wofford ◽  
David Wyman ◽  
Christopher W. Starr
Keyword(s):  
Systems Theory ◽  
Industry 4.0 ◽  
Business Models ◽  
Technology Innovation ◽  
Business Environment ◽  
Disruptive Innovation ◽  
Commercial Real Estate ◽  
Disruptive Technology ◽  
Content Type ◽  
The Impact

PurposeThis paper addresses the increasingly rapid and disruptive changes caused by technology innovations impacting commercial real estate (CRE) and how leaders in today's CRE business environment can better anticipate, and even experiment with, disruptive technologies while maintaining current business assets and practices.Design/methodology/approachThis qualitative research is based in systems theory, through which the impact of disruptive technology innovation cycles on business models is described for tactical and strategic utility.FindingsThe advent of the fourth industrial revolution (Industry 4.0) is characterized by a convergence of multiple technological innovations including artificial intelligence, the Internet of things, smart buildings, autonomous agents, and automated decision-making. Industry 4.0 promises a future of discontinuities and disruptive innovation superseding the deployment of digital technologies enabled by Industry 3.0. Ambidextrous leaders need to maintain two concurrent foci: one on the current CRE business environment for incremental improvements and one on new opportunities made possible by the next technology innovation cycle.Practical implicationsBy anticipating the inflection points of nonlinear technology adoption cycles, CRE leaders can reduce risks and increase innovative opportunities as participants in the next disruptive cycle rather than falling victim to it.Originality/valueThis work examines CRE market disruptions caused by technology innovation cycles through the lens of systems theory. A connection is made between the nonlinear nature of technology disruption cycles within the CRE business environment and how CRE leadership can better anticipate and prepare for change through ambidextrous thinking.

PROFESSIONAL STANDARDS FOR PERSONNEL OF INDUSTRIAL ENTERPRISES ENGAGED IN THE DIGITAL TRANSFORMATION OF THEIR BUSINESS

2020 ◽  
Vol 3 (12) ◽  
pp. 104-107
Author(s):  
R. Yu. SOBOLEV ◽  
Keyword(s):  
Industry 4.0 ◽  
Digital Transformation ◽  
Professional Standards ◽  
Innovative Technologies ◽  
Business Transformation ◽  
Industrial Enterprises ◽  
Professional Requirements ◽  
Managerial Positions

The article provides an overview of the problems of developing professional requirements for candidates for managerial positions in the field of digital business transformation and the introduction of innovative technologies into enterprise processes, currently united under the general name "Industry 4.0", and also developed general requirements that can be taken as a basis when developing professional standards.

Organization Management in Digital Business Transformation

2021 ◽  
Vol 9 (4) ◽  
pp. 4-14
Author(s):  
L. Shabaltina ◽  
V. Garnova ◽  
V. Chesnokova
Keyword(s):  
Value Chain ◽  
Industry 4.0 ◽  
Oil And Gas ◽  
Digital Transformation ◽  
Organization Management ◽  
Business Transformation ◽  
Smart Logistics

The article discusses the term “digital transformation”, aspects of the value chain, demonstrates the process of digital transformation based on the applied technologies of Industry 4.0, (the “Cognitive Geologist” project, AIS “Neftekontrol”, the “Smart Logistics” project) using the example of the largest oil and gas company in Russia.

scholarly journals Primer on the Cluster Impact on Internationalisation in the Form of FDI in the Time of Industry 4.0

2020 ◽  
Vol 27 (1) ◽  
pp. 195-220
Author(s):  
Marta Götz
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Research Agenda ◽  
Industry 4.0 ◽  
Research Topic ◽  
Digital Transformation ◽  
Foreign Investors ◽  
Business Transformation

The novelty of Industry 4.0 (I4.0) as a research topic means that the literature covering the interrelations between digital business transformation and categories such as internationalisation, foreign direct investment (FDI), or clusters is scant. This paper shows that clusters may contribute to the advancement of I4.0 while at the same time they stimulate the internationalisation of indigenous firms and the inflow of foreign investors. Based on conceptual deliberations it develops a research agenda for exploring how clusters might affect OFDI and IFDI by facilitating the I4.0. It can advance our understanding on the spatial aspects of the ongoing business digital transformation.

scholarly journals CASE STUDIES IN ENGINEERING AND TECHNOLOGY INNOVATION IN THE CARIBBEAN: A FOCUS ON EDUCOLCOM AND BEVCOM

2020 ◽  
Author(s):  
Jason Rameshwar ◽  
Graham King
Keyword(s):  
Industry 4.0 ◽  
New Technologies ◽  
Technology Innovation ◽  
Proof Of Concept ◽  
Structured Interviews ◽  
Global Marketplace ◽  
Implementation Challenges ◽  
Engineering And Technology ◽  
Developmental Readiness ◽  
The Caribbean

Caribbean SMEs (EduColCom and BevCom) identified Industry 4.0 (I4.0) enabling technologies integrating areas of their value networks. This enabled them to be innovative, competitive and sustainable within the global marketplace. This paper illustrated Proof of Concept examples of I4.0 technologies and overcoming implementation challenges by horizontally integrating with a vendor. Structured interviews with C-level executives determined each SME’s I4.0 developmental readiness and the methods used to select and adopt new technologies. Their strategies were based on the existing stability of each system and reinforced the need of C-level support for transformation. Their evolution roadmaps can be duplicated by other SMEs to achieve similar improvements.

scholarly journals Business and Energy Efficiency in the Age of Industry 4.0: The Hulten, Broweus and Van Dijk Sensory Marketing Model Applied to Spanish Textile Stores during the COVID-19 Crisis

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1966
Author(s):  
Gloria Jiménez-Marín ◽  
Rodrigo Elías Zambrano ◽  
Araceli Galiano-Coronil ◽  
Rafael Ravina-Ripoll
Keyword(s):  
Experimental Study ◽  
Industry 4.0 ◽  
Technology Innovation ◽  
Marketing Mix ◽  
Energy Resources ◽  
Business Strategies ◽  
Exact Role ◽  
Marketing Model ◽  
Sensory Marketing

Strategic and tactical factors come into play in shop competitiveness where, in addition to the products sold, other marketing mix variables must also be considered. There are also subjective factors, such as perceptions through the senses. This became even more important when, as a result of the COVID-19 crisis and the forced closure of certain establishments with physical sales, it was necessary to increase profitability and efficiency. The aim of this study was to determine the exact role of sensory marketing in shop efficiency and profitability, based on the guiding principles of technology, innovation, and respect for the environment. We conducted an exploratory and experimental study consisting of the creation of a sensory strategy through the adaptation of the Hulten, Broweus and Van Dijk model on a specific establishment in the current era of Industry 4.0. The results indicate an increase in sales as well as customer satisfaction and happiness after implementing the relevant strategies. The conclusions show that this model is valid and reliable for physical retail establishments, and that these business strategies can significantly contribute to the optimisation of energy resources.

Analyzing the mediating role of organizational ambidexterity and digital business transformation on industry 4.0 capabilities and sustainable supply chain performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amine Belhadi ◽  
Sachin Kamble ◽  
Angappa Gunasekaran ◽  
Venkatesh Mani
Keyword(s):  
Supply Chain ◽  
Industry 4.0 ◽  
Business Models ◽  
Equation Modeling ◽  
Organizational Ambidexterity ◽  
Combined Effects ◽  
Content Type ◽  
Business Transformation ◽  
Sustainable Performance ◽  
The Relationship

Purpose Despite the growing awareness of supply chains on industry 4.0 (I4.0) capabilities as the enabler of sustainable performance, little is known about what accelerates this interaction. Prior studies have focused on the ambidexterity dilemma and the need to adopt sustainable inter-organizational governance to drive I4.0 capabilities while achieving sustainable performance. To address these issues, this paper aims to explore the distinct and combined effects of several approaches such as digital business transformation (DBT), organizational ambidexterity (OA) and circular business models (CBMs) on the relationship between I4.0 capabilities and sustainable performance. Design/methodology/approach Drawing upon a hybrid methodology including structural equation modeling and fuzzy set qualitative comparative analysis, this paper develops and tests a hypothetical model using data collected from 306 organizations in Europe, Asia and Africa. Findings The study findings lead to several important implications concerning the potential paths linking I4.0 and sustainable performance. Notably, the DBT was found to mediate this relationship by integrating circular principles to devise business models. Moreover, OA was found to substitute the CBMs in developing new sustainable business models and reconcile sustainability. Originality/value The study is among the first to analyze the combined effects of OA, DBT and CBMs on the relationship between I4.0 capabilities and sustainable performance at the supply chain level. Moreover, the findings propose several solutions to resolve the sustainability dilemma through I4.0 capabilities, DBT, OA and CBMs.

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