Industry 4.0 Production Networks: Cyber-Physical System-based Smart Factories, Real-Time Big Data Analytics, and Sustainable Product Lifecycle Management
Industry 4.0 Production Networks: Cyber-Physical System-based Smart Factories, Real-Time Big Data Analytics, and Sustainable Product Lifecycle Management

Summary/Abstract: This article presents an empirical study carried out to evaluate and analyze Industry 4.0 production networks. Building my argument by drawing on data collected from AMG World, BI Intelligence, Deloitte, Harvard Business Review, PwC, SME, and teknowlogy, I performed analyses and made estimates regarding top five specific features of digital technology most attractive to companies (%), application of typical Internet of Things-related technologies (%), and machine learning areas having the greatest impact on organizations (%). Data collected from 4,300 respondents are tested against the research model by using structural equation modeling.

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