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![The tools of Industry 4.0 in the corporate value chain. Source: authors' own editing, based on Porter [27].](publication/328037412/figure/fig2/AS:677477068333056@1538534528109/The-tools-of-Industry-40-in-the-corporate-value-chain-Source-authors-own-editing.png)
The tools of Industry 4.0 in the corporate value chain. Source: authors' own editing, based on Porter [27].
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![Figure 1. Porter's Value Chain. Source: Porter [27]-Chikán [28],...](publication/328037412/figure/fig1/AS:677477068312576@1538534528051/Porters-Value-Chain-Source-Porter-27-Chikan-28-authors-own-editing_Q320.jpg)
In the era of industrial digitalization, companies are increasingly investing in tools and solutions that allow their processes, machines, employees, and even the products themselves, to be integrated into a single integrated network for data collection, data analysis, the evaluation of company development, and performance improvement. To study the...
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... tools of Industry 4.0 in the corporate value chain are summarized in Figure 2. It can be seen that the effects of most of the technologies span over functional boundaries and affect the entire value creating process, or the company itself. ...
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... Az Európai Unió (EU) gazdaságában az ipar a kutatás és az innováció legfőbb hajtóereje (Blanchet, Rinn 2016). Magyarország az EU egyik legiparosodottabb országa, az ipar részesedése a GDP-ből 23,2% (KSH 2022), azonban a digitális technológiai mutatószámok, például a digitális gyártási folyamatok, az automatizálás és a digitálisan képzett munkaerő arányának tekintetében az ország elmarad az uniós átlagtól (Nagy et al. 2018). ...
Az ipari forradalmak mindegyike megkövetelt bizonyos készségeket és kompetenciákat az emberektől, amelyeket fejleszteniük kellett ahhoz, hogy relevánsak maradjanak a munkakörnyezetben. Az első forradalom a gépesítést hozta, a második ipari forradalom már a kognitív készségeket érintette. Az Ipar 4.0 már a digitális készségekről szól. A szükséges készségek az elmúlt néhány évszázad során a fizikaiból digitálissá fejlődtek. Figyelembe véve az emberek növekvő információfüggőségét, a digitális készségeket létfontosságú erőforrásnak kell tekinteni a mai társadalomban. A 2022-ben készült felmérés online kérdőív segítségével történt. A lekérdezés sokaságát a Magyarországon működő vállalatok vezetői alkották. A lekérdezés 5 207 értékelhető választ adott. A tanulmány a tudásmenedzsment és a feltörekvő technológiák összefüggését kívánja bemutatni. A cikk arra keresi a választ, hogy ebben a viszonyrendszerben milyen különbségek tárhatók fel vállalat tulajdonlás szempontjából. Az eredmények azt mutatják, hogy a tudásmenedzsment projektek befolyásoló tényezőként jelennek meg a technológiai intenzitás mellett, és szignifikáns módon befolyásolják az innovatív technológiák használatát, melynek mértéke összefüggésben áll a pénzügyi eredményekkel. A technológiahasználat és humán tényező összefüggésében látszik, hogy több akadályozó tényező befolyásolja a hatékonyságot, melynek elsődleges eleme a munkaerő digitális kompetenciáinak hiánya. A külföldi tulajdonlás mindezt pozitívan befolyásolja.
... Ini mendorong inovasi produk dan layanan serta memungkinkan personalisasi yang lebih besar dalam pemasaran dan penjualan (Pascucci et al., 2023;Rathore, 2019). Teknologi digital juga memungkinkan merespons perubahan permintaan dan ekspektasi pelanggan dengan cepat dan real-time, memberikan dasar untuk keunggulan kompetitif yang berkelanjutan (Nagy et al., 2018;Plekhanov et al., 2023;Setia et al., 2013). (Angelopoulos et al., 2023;Berruti et al., 2017;Obermayer et al., 2022;Rakovská, 2020;Wang et al., 2022). ...
Buku ini adalah panduan penting bagi para pemimpin bisnis yang
ingin memanfaatkan teknologi digital secara efektif. Buku ini
membahas beragam topik mulai dari pengantar manajemen
teknologi digital hingga strategi implementasi yang praktis. Dengan
menyoroti evolusi teknologi digital dan dampaknya pada berbagai
sektor industri, pembaca diberikan wawasan yang mendalam tentang
perubahan pasar dan peluang baru yang tercipta. Analisis tren
teknologi digital memberikan panduan tentang arah perkembangan
teknologi sehingga perencanaan strategis dapat dilakukan dengan
tepat.
... Digitalisation or digital transformation is interpreted as adoption of smart technologies BD, CC, AI, robotics, IoT and 3D printing [36] to thoroughly boost business performance with lower cost, increased precision and speedy response that strengthen efficiency [37]. Digitalisation also refers to the process of transforming organisation operations and processes by using digital technologies in terms of digital platforms, infrastructures, artifacts, business and management applications [38,28,39] identify that technologies that commonly adopted by leading companies in the era of Industry 4.0 are autonomous robots, simulation, system integration, Industrial IoT, cyber security, CC, Additive Manufacturing (AM), Augmented Reality (AR), BDA shown in Table 2. [40] Through the advancement of technological innovations, digitalisation solutions have becoming increasingly intelligent and with smarter features and options. Studies find that technology has changed the way how information is communicated, i.e.: from paper to digital [41][42][43]. ...
... As demonstrated in Figure 2, apart from cloud blockchain, autonomous robots and smart machines, business applications such as Customer Relationship Management, Supplier Performance Management and Data Analytics as well as intelligence devices, i.e.: sensors and hardware are enhancing the primary and supporting activities of the value chain. Researchers articulate that digital technologies contribute to system and process-based cogitation in which real time information generated at each value chain is readily made available to support the dynamic information integration process within and beyond the SC boundaries [39]. Value Chain [39] Studies find that modernized SCs are moving toward automated systems where information and data are integrated in the cloud while operations are carried out in virtual place [60,55,30]. ...
... Researchers articulate that digital technologies contribute to system and process-based cogitation in which real time information generated at each value chain is readily made available to support the dynamic information integration process within and beyond the SC boundaries [39]. Value Chain [39] Studies find that modernized SCs are moving toward automated systems where information and data are integrated in the cloud while operations are carried out in virtual place [60,55,30]. This has transformed the value chain processes and operations and customer experience. ...
This study delves into how the COVID-19 pandemic impacted the Malaysian glove industry's supply chain and triggered the adoption of digitalization to enhance supply chain performance (SCP). Through surveys and interviews, it was discovered that the pandemic negatively affected business performance but prompted increased digitalization adoption. Commonly utilized digital solutions include Big Data Analytics (BDA), Internet of Things (IoT), and Cloud Computing (CC), while less commonly adopted solutions include Augmented Reality (AR) and Additive Manufacturing (AM). The research underscores a positive link between digitalization and SCP, stressing the significance of digital capabilities in sustaining supply chain resilience and responsiveness. However, challenges such as cultural shifts in work practices and investment apprehensions impede digitalization endeavors. The study provides insights for industry practitioners on harnessing digitalization to alleviate supply chain disruptions and offers recommendations for effective digitalization strategies.
... However, many are yet to fully understand how to effectively leverage IoT to transform their operations. Projections suggest that by 2030, IoT could boost global corporate profits by up to 40% [13]. This indicates a future marked by rapid shifts and emerging challenges, particularly for sectors like insurance that are grappling with issues of growth and profitability. ...
... A wide array of everyday objects, including cars, alarm systems, medical equipment, thermostats, and even kitchen gadgets, are now interconnected globally, forming an extensive network known as the Internet of Things [15]. This network is pioneering a new phase in the digital era, characterized by its mobility, virtual presence, and constant internet connectivity, moving beyond the scope of conventional device automation [13]. While the IoT presents significant opportunities for businesses, navigating this rapidly expanding market with its vast revenue potential poses challenges. ...
... However, the emerging landscape of Industry 4.0 holds promise for more streamlined operations, enhanced productivity, and the development of innovative products and services. The advent of this technological era empowers companies to significantly expand their capabilities, thereby gaining a competitive edge and fostering innovation [13] [16]. ...
In the digital revolution, IoT stands out as a main pillar of technology that make our lives more easier and quicker. IoT is significantly helping several businesses to grow up, yet it's important to note that many IoT applications are just beginning to scratch the surface of their potential. Still there is a lot of scope for business opportunities in IoT which has been discussed in this paper in details. These opportunities also come up with key challenges that often requires extensive integration efforts and skilled professionals to manage. Moreover, IoT introduces new demands, particularly in security and interoperability. Interoperability refers to the ability of different computer systems and software to communicate and work together seamlessly.
... As shown by the second significant path from Logistic Quality to Logistic Effectiveness, companies that are able to improve the quality of their logistics operations are more likely to have more effective logistics operations, which can lead to improved firm performance. Businesses that are able to set themselves apart from the competition by developing logistics operations that are unique in comparison to those of their competitors have a greater chance of achieving monetary success (Nagy, et al, 2018). These findings lend credence to the notion that differentiating oneself from the competition can result in a competitive advantage. ...
The significance of logistics administration in the contemporary, fast-paced business environment has significantly transformed the way organizations operate. This study investigates the interconnected impacts of logistics efficacy, efficiency, cost, quality, and differentiation on the performance of businesses. An in-depth analysis is employed to examine the effect of various logistics management facets on the financial and operational outcomes of a business. Efficient logistics assesses the functionality of supply chains through the optimization of resources and the refining of processes, whereas successful logistics evaluates the ability to promptly and precisely fulfill consumer demands. Through the consideration of both direct and indirect costs, logistics cost analysis assesses the financial impact of logistics operations. Logistics quality examines the reliability, security, and precision of logistical processes, whereas logistics differentiation explores the ways in which unique logistical strategies set an organization apart from its competitors. The objective of this study is to examine the intricate relationships among various performance metrics and these logistics variables. To achieve this, empirical research and statistical modeling are utilized. With the intention that they will assist managers in making more informed decisions and guide businesses toward enhancing their logistics management procedures so that they may flourish in a dynamic marketplace. In order to thrive in the contemporary global marketplace, businesses must recognize the criticality of logistics in shaping organizational results and devise strategies to capitalize on the synergies that exist between these components.
... Furthermore, the investment in information Bamboo has been a 'blue-eyed boy' for every government -but in spite of having several central and state-sponsored schemes, the bamboo sector is the last option that anyone would like to choose for livelihood. In the era of revolutionary digital technologies, no industry sector (Nagy et al. 2018) or even society and economy can remain untouched with the impact of Industry 4.0 which has transformed the entire strategy and operations management of the business. Hence the Indian bamboo industry needs to be restructured with better connectivity and digital technologies for production efficiency, increased automation, and a new level of quick responsiveness to customers which is not possible in existing system. ...
India, despite of having the largest bamboo-bearing area of 14.9 million hectares, captures just 4.5% of the global bamboo market, when China with just 6.67 million hectares, holds about 50% share. While the World Bank and IMF are optimistic about India’s growth in bamboo export, Indian manufacturers are struggling to gain a market for their products. This paper is a novel attempt to study the factors affecting the productivity of the raw bamboo and engineered bamboo-based manufacturing units; and design a conceptual production system model of an engineered bamboo manufacturing unit by integrating the production systems of engineered bamboo in an Industry 4.0 environment. The paper applies Fuzzy TISM and Fuzzy MICMAC techniques to analyse the elements’ relationship and determine the driving and dependent factors. The model determines that connectivity and integration; and government regulations play a crucial role as the driving factor in the productivity and performance of the bamboo sector. It then applies a holistic approach to develop a bamboo cluster model by focusing on the key elements of the fourth industrial revolution, where different actors combine to invest in the common goal of branding bamboo as an environment-friendly and sustainable construction alternative. The model will be helpful for policymakers and production managers in focussing on key elements for strategy execution excellence and utilising digital, interconnected, and decentralised networks to increase productivity and create new opportunities for business operations.
... Generally, this can be seen as part of an ongoing process of digitisation that has been affecting industry for some time, with new technologies such as big data-driven machine learning, block chain, and artificial intelligence (AI) being a continuing part of this story [55]. Perhaps a key difference in recent times has been the growing emphasis on data and technologies that can gather it, evaluate it, and turn it to competitive advantage [48]. Digital transformation therefore encompasses all of these new processes and the ways in which companies are adapting to this kind of change. ...
HCI and CSCW have a long-standing interest in the consequences of digital transformation for work practices. A key part of this is its impact on labour relations. While prior HCI studies have examined labour relations in domains such as platform work, few have looked at industrial settings. This paper presents an ethnographic study of works councils in Small and Medium-sized Enterprises (SMEs) in Germany. Works councils exemplify the principle of Co-Determination, which is the right of employees to participate in the design and management of their workplace and play a vital role in vetting new technologies whenever they imply changes in work practices. A number of issues confront works councils when they attempt to accomplish this, namely a lack of time, knowledge, and external support. We discuss these issues and consider their implications for both design and the constitution of workplace democracy in future industrial settings.
... By leveraging data analytics, SMEs gain valuable insights into customer behavior, market trends, and operational performance. This data-driven approach enables SMEs to make informed decisions, optimize strategies, and refine their offerings, ultimately resulting in improved overall performance (Nagy et al., 2018). The effective utilization of digital strategies plays a critical role in determining the long-term sustainability and success of SMEs in the business landscape. ...
In the current era, the challenges faced by SMEs in Indonesia are becoming increasingly complex. Previously, the primary challenge for SMEs has been to enhance performance. However, with the emergence of information technology, SMEs are now required to compete fiercely. SMEs in Indonesia are still in the process of digital transformation to improve their business strategies, thus limiting research focused on digital transformation in SMEs. Research also considers market complexity and digital strategy as crucial factors for SMEs. The aim of this study is to analyze the role of digital transformation in influencing SME performance. The research approach is quantitative, involving 171 SMEs owners as respondents. The instrument utilized is a Likert scale questionnaire, focusing on the majority of SMEs in Indonesia, particularly those in Java, the most populous island and business center of the country. This includes SMEs operating within various sectors, such as culinary, fashion, retail, and creative industries. The results indicate that digital strategy and market complexity influence digital transformation and SMEs performance. The research findings suggest that digital transformation mediates the influence of digital strategy and market complexity on SME performance. The novelty of this study lies in its focus on the current SMEs digitalization strategy area. This study indicates that digital transformation is an essential aspect affecting current SME performance. The results suggest that SMEs require focused strategies to strengthen resources and gain competitive advantage in complex markets.
... Nowadays, Industry 4.0 (I4.0) has necessitated the presence of a highly competitive business market where globalization has compelled traditional businesses to accept innovative business strategies for emerging nations like Bangladesh (Nagy et al., 2018). The technologies associated with I4.0 may be seen as a transformative force inside the industrial sector, with the objective of optimizing productivity and output while minimizing resource consumption. ...
... Individuals must have a comprehensive understanding of I4.0's various components, along with the necessary expertise, abilities, and self-assurance. Understanding the various components of I4.0 is crucial for organizations to fully capitalize on the opportunities provided by digitalization and the 4IR's significant impact (Nagy et al., 2018). ...
... After studying a number of literatures, it is crystal clear that government patronage, easy access of technology, company eagerness to accept technological changes, innovative and time changing leadership, business capacities and competitive advantage make the real difference in adoption of I4.0 technologies and boost up manufacturing performance (Nagy et al., 2018). Accessories of the fourth industrial revolution are taken out now and give a path on how these innovative production procedures shall be a competitive advantage in the manufacturing industry in Bangladesh. ...
The study aspires to identify the factors conditioning the adaptation of the fourth industrial revolution (4IR) within the manufacturing industries in Bangladesh, embracing Industry 4.0 (I4.0) technology led by the technology-organizational-environment (TOE) framework that links a number of conditioning variables in the manufacturing industries of Bangladesh. I4.0 is going to drastically change the landscape of the extended TOE framework to relate demographics with research variables for implementing I4.0 technology in a developing country. The findings of the study are analyzed using SMART PLS SEM 4.0 and SPSS 29 in order to diagnose technological contexts (IT resource availability, technology readiness, and relative advantage), organizational contexts (strategy and leadership, organizational capabilities, and technology infrastructure), and environmental contexts (market pressure, government support, and technology innovation decision making). The study's data, which were collected with a bootstrap confidence range of 95%, offered evidence in favor of both proposed mediating effects. A statistically significant indirect effect of adaptation of I4.0 technology on manufacturing/industry performance was seen in the analysis. This study is conducted to examine the mediating function of manufacturing performance, which enhances the comprehensiveness of the study. Through the application of the TOE framework, this study investigates the impact of I4.0 technology adoption on manufacturing performance. The theoretical framework of the study has been validated by the TOE model, which aims to heighten manufacturing performance by integrating I4.0. The practical implications of this study, organizations, governments , and practitioners engaged in the implementation of I4.0 technologies within developing nation contexts.
... -Data quality and accuracy (B8): Concerns about data quality and accuracy pose substantial hurdles to IoT adoption in HL [88,98]. Errors and inaccuracies can negatively impact the efficacy of operations [84,90] [101]. Factors such as lack of familiarity with IoT, fear of change, and cost concerns can contribute to this resistance [88,102]. ...
Background: Effective humanitarian logistics (HL) is essential in disaster response. The “Internet of Things” (IoT) holds potential to enhance the efficiency and efficacy of HL, yet adoption is slowed by numerous barriers. Methods: This study employs interpretive structural modeling (ISM) and decision-making trial and evaluation laboratory (DEMATEL) to explore and classify barriers to IoT integration in HL. Results: A total of 12 barriers were identified, classified, and ranked according to their driving power and dependence. Key barriers include lack of standardization, organizational resistance, data quality issues, and legal challenges. Conclusions: Overcoming these barriers could significantly improve relief operations, reduce errors, and enhance decision-making processes in HL. This investigation is the first of its kind into IoT barriers in HL, laying the groundwork for further research and providing valuable insights for HL managers.
