Sustainable Industry 4.0: Product Decision-Making Information Systems, Data-driven Innovation, and Smart Industrial Value Creation
Sustainable Industry 4.0: Product Decision-Making Information Systems, Data-driven Innovation, and Smart Industrial Value Creation
Author(s): Clive LaffertySubject(s): Business Economy / Management
Published by: Addleton Academic Publishers
Keywords: Industry 4.0; data-driven innovation; smart industrial value creation;
Summary/Abstract: Employing recent research results covering the relationship between product decision-making information systems, data-driven innovation, and smart industrial value creation, and building my argument by drawing on data collected from British Science Week, Business Insider, Deloitte, PwC, Statista, and YouGov, I performed analyses and made estimates regarding the main areas of interest for manufacturers within Industry 4.0 (%), how Industry 4.0 is delivering revenue, cost and efficiency gains (%), U.S. adults who feel the following ways about artificial intelligence (%), and Industry 4.0 value creation (%). Structural equation modeling was used to analyze the collected data.
Journal: Journal of Self-Governance and Management Economics
- Issue Year: 7/2019
- Issue No: 2
- Page Range: 19-24
- Page Count: 6
- Language: English
- Content File-PDF