Smart Production Systems in Industry 4.0: Sustainable Supply Chain Management, Cognitive Decision-Making Algorithms, and Dynamic Manufacturing Processes
Smart Production Systems in Industry 4.0: Sustainable Supply Chain Management, Cognitive Decision-Making Algorithms, and Dynamic Manufacturing Processes

Summary/Abstract: This article reviews and advances existing literature concerning smart production systems in Industry 4.0. Using and replicating data from Accenture, BCG, BI Intelligence, Capgemini, eMarketer, Frontier Economics, Gartner, PwC, Statista, and Zebra Technologies, I performed analyses and made estimates regarding technology developments that enable Service 4.0 (%), Internet of Things security spending worldwide (2016–2021, by segment, in million U.S. dollars), potential impact of artificial intelligence on real gross value added worldwide (%, by country, by 2035), retailers planning to invest in artificial intelligence and Internet of Things technologies by 2021 (%), and benefits of implementing artificial intelligence (%). Data were analyzed using structural equation modeling.

• Details
• Contents