Big data analytics capability and decision-making: The role of data-driven insight on circular economy performance

Awan, Usama; Shamim, Saqib; Khan, Zaheer; Zia, Najam Ul; Shariq, Syed Muhammad; Khan, Maleq

doi:10.1016/j.techfore.2021.120766

Cited by 281 publications

(137 citation statements)

References 74 publications

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“…It is mainly because of a smaller number of firms in our sample i.e., 81 which was not appropriate for structural equation modelling. However, our method is consistent with Awan et al ( 2021 ). This study measured absorptive capacity as single construct and results shows that absorptive capacity does not moderate the relationship of social capital and innovative capability.…”

Section: Discussionsupporting

confidence: 92%

“…It is imperative to point out that the unit of analysis for this study is individual firm where questionnaire is filled by multiple employees of top and middle management positions from each firm as they involve with the decision making. The way of collecting data is consistent with existing studies such as Akhtar et al (2019), Awan et al ( 2021 ), Shamim et al, (2017) and Wamba et al (2017). Moreover, this measurement method is also consistent with the studies of Eiteneyer et al ( 2019 ) & Mazzucchelli et al ( 2019 ), where cross sectional survey was adopted to investigate relation of all three dimensions of social capital.…”

Section: Methodssupporting

confidence: 87%

“…However, firms in developing economies still rely on labour intensive, less specialist, and low technological skills to service low-cost market segments (Malik & Kotabe, 2009). Less emphasis on research and development and lack of technological capabilities pushes firms in developing economies to rely on industrialized economies to purchase new technologies (Shamim et al, 2019 ; Awan et al, 2021 ; Shamim, Zeng, Khan, et al, 2019 ). This phenomenon reflects very low level of Industry 4.0 readiness among firms in developing economies.…”

Section: Introductionmentioning

confidence: 99%

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Inter-organizational social capital of firms in developing economies and industry 4.0 readiness: the role of innovative capability and absorptive capacity

2022

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The globalization of markets provides opportunities for firms to collaborate on various activities. These collaborations are the resource of social capital for firms to achieve sustainable competitiveness. This study aims to investigate how social capital (i.e., structural, relational, and cognitive social capital) between firms in a developing economy and developed economy strengthens their innovation capability and enhance their industry 4.0 readiness. Using Smart PLS-SEM to analyse the data collected from 320 managers representing 81 manufacturing firms in Pakistan, we found that social capital is positively associated with industry 4.0 readiness, and innovative capability mediates this relationship. The study contributes to the existing knowledge of understanding industry 4.0 readiness and provides useful insights for firms in developing economy to improves their innovation capability during the industry 4.0 era. This study likewise reveals the significance of three dimensions of social capital, which can facilitate to bring in digital knowledge from developed economies to developed economies to get ready for the fourth industrial revolution.

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Section: Discussionsupporting

confidence: 92%

Section: Methodssupporting

confidence: 87%

Section: Introductionmentioning

confidence: 99%

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Inter-organizational social capital of firms in developing economies and industry 4.0 readiness: the role of innovative capability and absorptive capacity

2022

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“…Several authors investigate, through multi-criteria decision-making methods (i.e., PROMETHEE II method, VIKOR, best-worst Method, SWARA, Fuzzy ANN etc.) the barriers that hinder the use of technologies such as the use of IoT [59][60][61], or big data [62][63][64][65][66]. Among other technologies, some authors propose the use of simulations to produce an economic analysis of the processes or as tool to train [67][68][69][70][71].…”

Section: #3 Digital Technologies (32 Documents)mentioning

confidence: 99%

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

Felice

Petrillo

2021

Sustainability

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Today, the issue of economic circularity is certainly not a new concept. It represents an essential issue in any production system since it is an alternative to the current production and consumption model. The importance of the topic is confirmed worldwide. However, there is still a “circularity gap” that can be bridged in the short and medium term, probably with the use of innovative and digital technologies. In fact, many researchers agree that the sustainable future can be achieved in the long term thanks to digital technologies (i.e., IoT, artificial intelligence, quantum computing etc.) which, thanks to their speed of calculation, are able to identify the right solutions at the right time. The challenge, therefore, will be to develop innovative technologies and tools for the efficient use of resources in industries for sustainable production. Thus, the aim of this study is to define the current state of the art and future research developments in this very promising field. To achieve this goal, the integration of a “set” of tools, based on the AHP method and the PRISMA protocol, is proposed. The results aim to be a guideline for decision makers and researchers interested in this topic.

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“…Despite recent interest in understanding big data analyst effects on the C.E. [12], research on how uncertain environments affect F.P. has lagged.…”

Section: Introductionmentioning

confidence: 99%

Technological Innovation and Circular Economy Practices: Business Strategies to Mitigate the Effects of COVID-19

et al. 2021

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The Corona Virus Disease 2019 (COVID-19) has been a tough test on companies in the global food sector supply chain, exacerbating the realities and deficiencies it presents in developing economies. This situation has been reflected in the firm’s performance (F.P.) due to the lack of business conditions to respond to the current pandemic. However, in some companies, the adverse effects of COVID-19 have been counteracted due to endowment and technological capabilities. Thus, this study examined the role of technological innovation (T.I.) and business data analytics (B.D.A.) in the F.P. of foods in Ecuador during COVID-19. A questionnaire collected the information from the food firms. Then, Covariance-Based Structural Equation Modeling processed the collected information. We found that (B.D.A.) mechanisms and different levels of T.I. within the developing market significantly shape the F.P. The results showed that the B.D.A. enables circular economy (C.E.) practices and the improvement of product delivery services, which constitutes an improvement of the F.P. The COVID-19 outbreak did not significantly affect T.I., unlike what happened with B.D.A. This study concluded that firms with the most extraordinary technological production processes have been the least affected during COVID-19. This study suggested that policy measures should boost food firms’ technological endowment to improve their resilience in uncertainty and risk scenarios.

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Big data analytics capability and decision-making: The role of data-driven insight on circular economy performance

Cited by 281 publications

References 74 publications

Inter-organizational social capital of firms in developing economies and industry 4.0 readiness: the role of innovative capability and absorptive capacity

Inter-organizational social capital of firms in developing economies and industry 4.0 readiness: the role of innovative capability and absorptive capacity

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

Technological Innovation and Circular Economy Practices: Business Strategies to Mitigate the Effects of COVID-19

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