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Big Data-driven Smart Manufacturing: Sustainable Production Processes, Real-Time Sensor Networks, and Industrial Value Creation

Big Data-driven Smart Manufacturing: Sustainable Production Processes, Real-Time Sensor Networks,... This article reviews and advances existing literature concerning big data-driven smart manufacturing. Using and replicating data from AMG World, Deloitte, European Business Summit, Forbes, KSM, McKinsey, PwC, SME, and World Economic Forum, we performed analyses and made estimates regarding most powerful benefits of smart manufacturing (%) and drivers of technological change, industries overall (%). Data were analyzed using structural equation modeling. JEL Codes: E24; J21; J54; J64 Keywords: big data; smart manufacturing; production process; sensor network http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

Big Data-driven Smart Manufacturing: Sustainable Production Processes, Real-Time Sensor Networks, and Industrial Value Creation

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
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Abstract

This article reviews and advances existing literature concerning big data-driven smart manufacturing. Using and replicating data from AMG World, Deloitte, European Business Summit, Forbes, KSM, McKinsey, PwC, SME, and World Economic Forum, we performed analyses and made estimates regarding most powerful benefits of smart manufacturing (%) and drivers of technological change, industries overall (%). Data were analyzed using structural equation modeling. JEL Codes: E24; J21; J54; J64 Keywords: big data; smart manufacturing; production process; sensor network

Journal

Economics, Management, and Financial Markets – Addleton Academic Publishers

Published: Jan 1, 2020

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