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Cyber-Physical Production Systems in Industry 4.0: Smart Factory Performance, Manufacturing Process Innovation, and Sustainable Supply Chain Networks

Cyber-Physical Production Systems in Industry 4.0: Smart Factory Performance, Manufacturing... I develop a conceptual framework based on a systematic and comprehensive literature review on cyber-physical production systems in Industry 4.0. Building my argument by drawing on data collected from Forrester Consulting, McKinsey, Ovum, PwC, and Statista, I performed analyses and made estimates regarding organizations’ level of reliance on automation, machine learning and artificial intelligence (%), top Internet of Things drivers (%), activities required to manage the digital thread (%), and the importance of organizations’ current or planned Internet of Things initiatives to their business priorities (%). The data for this research were gathered via an online survey questionnaire and were analyzed through structural equation modeling on a sample of 4,200 respondents. JEL codes: E24; J21; J54; J64 Keywords: cyber-physical production system; Industry 4.0; smart factory http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

Cyber-Physical Production Systems in Industry 4.0: Smart Factory Performance, Manufacturing Process Innovation, and Sustainable Supply Chain Networks

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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

I develop a conceptual framework based on a systematic and comprehensive literature review on cyber-physical production systems in Industry 4.0. Building my argument by drawing on data collected from Forrester Consulting, McKinsey, Ovum, PwC, and Statista, I performed analyses and made estimates regarding organizations’ level of reliance on automation, machine learning and artificial intelligence (%), top Internet of Things drivers (%), activities required to manage the digital thread (%), and the importance of organizations’ current or planned Internet of Things initiatives to their business priorities (%). The data for this research were gathered via an online survey questionnaire and were analyzed through structural equation modeling on a sample of 4,200 respondents. JEL codes: E24; J21; J54; J64 Keywords: cyber-physical production system; Industry 4.0; smart factory

Journal

Economics, Management, and Financial Markets – Addleton Academic Publishers

Published: Jan 1, 2019

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