Digital economy to improve the culture of industry 4.0: A study on features, implementation and challenges

Green Technologies and Sustainability, Journal Year: 2024, Volume and Issue: 2(2), P. 100083 - 100083

Published: Feb. 24, 2024

The digital economy refers to the economic activities that emerge from connecting individuals, businesses, devices, data, and operations through technology. It includes online transactions across multiple sectors technologies, such as Internet, mobile technology, big information communications differs a traditional because it relies on transactions, its transformative effect industries Digital innovations Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality, Blockchain, autonomous vehicles all play part in creating economy. For this study, various papers "Digital Economy" "Industry 4.0" are identified Scopus, Google Scholar other research platforms further studied briefly. This review paper has been developed after studying needs Industry 4.0 Environment. defining trends, key enablers, features challenges associated with towards discussed Finally, identifies discusses significant requirements fulfilled Today, customers becoming aware goods services turning industry for long-term solutions by deploying technologies. is built hyper connectivity, growing interconnectedness organisations, machines due IoT. technologies automation, data exchange, cloud computing, robotics, AI, IoT, technological trends industrial sector's transformation, which aims achieve objectives intelligent manufacturing practices engage customers, emerging innovation. more digital, changing how products provided consumed. A new road map being help many adapt their conventional methods support revolution. In economy, scaled-up, integrated ecosystems leverage software generate value, build resilience, stimulate innovation via networked goods, assets, people, processes rapidly replace old, linear value chains partner participation.

Language: Английский

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Impacts of digital transformation on firms' competitive advantages: A systematic literature review

Strategic Change, Journal Year: 2021, Volume and Issue: 30(5), P. 421 - 441

Published: Sept. 1, 2021

Abstract Digital transformation impacts firms' competitiveness mainly on innovation, efficiency, cost reduction, and global value chains specialization, geographic scope, governance, upgrading. According to literature, the of digital over competitiveness, while presenting a more prominent role “classical” advantages, present majority positively signed impact directions , being, average, beneficial firms that implement such transformations. Industrial processes' digitalization links chains' four main dimensions by increasing firm's focus specific chain activities ( specialization ) international expansion opportunities scope) activity. In parallel, industrial is also motivating expand into upstream across upgrading) impacting significantly at GVCs' strategy governance due emergence platforms, disrupting former competitive settings new networked “extended business ecosystems.”

Language: Английский

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Industry 4.0: critical investigations and synthesis of key findings

Management Review Quarterly, Journal Year: 2023, Volume and Issue: 74(2), P. 711 - 744

Published: Jan. 1, 2023

Language: Английский

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Implementation of Lean Manufacturing Principles and Fast Structured Logic Methods in the Organizational Culture: Addressing Challenges and Maximizing Efficiency

International Journal of Sustainable Development and Planning, Journal Year: 2024, Volume and Issue: 19(3), P. 1195 - 1201

Published: March 29, 2024

Currently, the concept of lean manufacturing has covered almost entire global industry and all its sectors.This is due to effectiveness this concept, since with application, along increased productivity quality, more products are produced same amount resources at lower costs.Today, in context Industry 4.0 relevant for achieving principles sustainable development.The purpose study analyze features achieve paper considers main theoretical aspects introduction industrial enterprises examines essence characteristics 4.0.Based on an expert survey, technologies have been identified implementation support manufacturing.The concludes that technologies, such as enterprise resource planning systems, Internet Things, automation robotics, augmented virtual reality, radio frequency identification enterprises, into not only lead a reduction losses but also serves best way eliminate them.Flexible forecasting changes supply demand product helps plan production volumes accurately, which allows manufacturers avoid further surpluses losses.

Language: Английский

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Resilience, complexity and digital transformation: three case studies in the valves industry

Journal of Manufacturing Technology Management, Journal Year: 2023, Volume and Issue: 34(9), P. 1 - 19

Published: Feb. 20, 2023

Purpose This paper shows how the interplay between organisational resilience and environmental complexity justifies existence of differentiated yet successful approaches to digital transformation. Design/methodology/approach A multi-case method is applied test our research hypotheses by contrasting transformation three Italian companies in valves industry. Findings Different combinations technological tools, hence diversified transformations, can be successful, provided that they are supported a coherent set factors allow for implementation strategic aligned with capacity firm. Practical implications Awareness shapes strategies available engage external should focus managers invest alignment reinforcement underlying resilience. Originality/value Most literature so far focused on antecedents In contrast, this focuses process highlights firm affects unfolding emergence paths. addition, contrast dichotomous approach involves mix reduction absorption strategies.

Language: Английский

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Digital Transformation: Challenges for Human Resources Management

Proceedings of the ENTRENOVA - Enterprise Research Innovation Conference, Journal Year: 2021, Volume and Issue: 7(1), P. 365 - 375

Published: Dec. 8, 2021

The global economic situation and need to be better prepared for competitive challenges put pressure on modern companies shift toward automation digitalization. As a consequence of rapid technological development the speed change therefore forced transformation business models work design, organizations are faced with massive features an extended role HR management processes. To able drive future organizational performance, leaders professionals required make changes in skills competencies they have acquire possess new ones. critical components digital strategy that can help achieve advantage human capital, intellectual knowledge. purpose this paper is explore elaborate contemporary position changing function HRM light transformation. In sense, comprehensive analysis available literature has been conducted addressing domains planning, reward management, performance employee engagement, training development, health safety, relations, as well their under influence main conclusion research, it stated although digitalization, i.e., transformation, strongly affects practices procedures specifically by using resources information systems, contributing digitization not sufficiently emphasized. However, argued results research represent valuable contribution certainly important benchmark when preparing strategies respond age. This licensed Creative Commons Attribution-NonCommercial 4.0 International License.

Language: Английский

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THE CORRELATION BETWEEN DIGITAL TECHNOLOGY AND DIGITAL COMPETITIVENESS

International Journal for Quality Research, Journal Year: 2022, Volume and Issue: 16(2), P. 541 - 558

Published: April 24, 2022

Globalization and internationalization create new opportunities but also challenges for companies to operate on the market.Due globalization we are witnessing trends technologies where digitalization digital transformation drastically affect change way organizations operate.Digital of business is inevitable a key element further development organization in today's modern environment market.Being competitive, achieving ensuring long-term competitiveness impossible today without that precondition it.A systematic literature review was undertaken provide an overview competitiveness, as well support them.The terms ("digitalization" OR "digital transformation") ("digital competitiveness" technology") were used collect data.The papers reviewed order determine correlation between impact technology competitiveness.Results indicate ensures creation sustainable competitive advantage leads competitiveness.

Language: Английский

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Core Competence—As a Key Factor for a Sustainable, Innovative and Resilient Development Model Based on Industry 5.0

Sustainability, Journal Year: 2023, Volume and Issue: 15(9), P. 7472 - 7472

Published: May 2, 2023

The main objective of this paper is to highlight the importance core competences as an important catalyst enable a sustainable transition business models Industry 5.0. According our research based on scientific methodology, we illustrated that 4.0 might greatly affect labor market by introducing ITC, AI, IR and AR will change many jobs in most areas activity. One alternative solution diminish these negative effects accommodate prepare shift more human-centric approach. In order better implement generate mid- long-run positive (from economic, social environmental perspective), consider it imperative human resources be prepared understand use new technologies. We have focused context European countries. found only part Union Member Countries benefit from with advanced digital skills. Under circumstances, some countries able face challenges generated 5.0, while others, emergent countries, such Romania, intensify complex process designing competitive coherent strategies efficient effective mix policies. This help capitalize potential advantage industries

Language: Английский

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How the adoption of industry 4.0 technologies is related to participation in global and domestic value chains: Evidence from Russia

International Journal of Innovation Studies, Journal Year: 2024, Volume and Issue: 8(2), P. 93 - 108

Published: Jan. 17, 2024

This study explores the relationships among Industry 4.0 technologies, their application areas, and involvement of Russian manufacturing firms in global domestic value chains. We apply logit multinomial regressions using an original survey dataset approximately 1,700 firms. make a novel contribution to literature by uncovering asymmetry adopting technologies industrial chains (DVCs) (GVCs). has potential impede GVC localization DVC internationalization. Based on our results, software automation solutions are only ones demonstrating statistical significance for participating simultaneously GVCs, DVCs, both GVCs DVCs. Companies DVCs demonstrate broader utilization across various areas. also identify evidence reshoring indicating that adoption encourages establish enduring with suppliers. Highlighting differences technology influenced external factors, including adherence international standards regulatory principles, we propose policy implications developing countries. Recommendations encompass reducing entry barriers improving procurement transparency, promoting competition digital market empower seamless integration.

Language: Английский

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Digital ecosystem of the agricultural sector of the Russian Federation: opportunities and limitations of implementation

Agrarian science, Journal Year: 2025, Volume and Issue: 1(1), P. 140 - 153

Published: Jan. 29, 2025

Relevance. The digital transformation of economic processes determines a new format for interaction between subjects the agro-industrial complex during implementation production and sales cycles. Acting as an intersectoral complex, includes many interconnected interacting elements system, task which is to ensure country’s food security. Under conditions technological natural-climatic prerequisites that influence traditional activity agricultural enterprises, well set factors form barriers stable development, fundamental possible by increasing efficiency its structural components. One ways increase in context creation unified ecosystem, implies tool coordinating integrating participants, goods, AgTech solutions scientific research results single information environment. Methods. During study, theoretical aspects were studied, current level digitalization Russian was determined, problem field possibilities implementing ecosystem agroindustrial identified through use systemic, structural-functional statistical analyses, modeling methods, classification deduction. Results. As result research, concept created, considering state sector market challenges. proposed designed rational natural resources, minimize impact development effective communication coordination key participants

Language: Английский

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