Evolution of Industry 4.0 and Its Implications for International Business

Mohiuddin, Muhammad; Azad, Md. Samim Al; Ahmed, Shamsuddin; Ed‐Dafali, Slimane; Reza, Mohammad Nurul Hasan

doi:10.5772/intechopen.101764

Cited by 5 publications

(2 citation statements)

References 31 publications

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“…I4.0 has significant implications on the future of work and skills required. The changes in the value chain and increased competitiveness among firms and consumers can impact global labor markets (Anuşlu and Frat 2019;Mohiuddin et al 2022). According to Asian Development Bank (2021), 4IR technologies like the IOT, artificial intelligence, cloud computing, and cognitive computing could profoundly influence jobs and skills.…”

Section: South Asia and Industry 40mentioning

confidence: 99%

A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia

Miah,

Erdei-Gally,

Dancs

et al. 2024

Economies

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The purpose of this study is to systematically analyze the impact of Industry 4.0 technologies on workforce employability and skills in the South Asian region. The study investigates the driving success factors, challenges, and needed skills by analyzing 48 peer-reviewed articles. The authors searched keywords on the Web of Science database for articles published between 2013 and 2022. The review was conducted using the preferred reporting items for systematic reviews and meta-analyses (PRISMA 2020) and pareto principles. The analysis identifies nine critical success factors, such as artificial intelligence, digital skills, and big data analytics, that contribute to Industry 4.0’s productivity and efficiency. It also identifies six types of challenges, such as training and development, financial constraints, and regulatory issues that must be addressed to grab maximum potential. In addition, the research categorizes five different skills, including the technical, digital, and social skills that are essential for the evolving labor market. The proposed “Industry 4.0 SEI Framework” provides stakeholders with a comprehensive view of the dynamics of Industry 4.0, thereby facilitating policy and industry strategies.

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Section: South Asia and Industry 40mentioning

confidence: 99%

A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia

Miah,

Erdei-Gally,

Dancs

et al. 2024

Economies

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“…Business competition is no longer limited to one country's borders but has now reached neighboring nations. As a result, in order to compete and perform well, firms must combine and use resources wisely (Mohiuddin et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

How market competition influences organizational performance: Mediation in the interplay of management accounting system, enterprise risk management, and organizational innovation performance

Nu Minh Quyen,

Khuong

2023

Bus Strat Dev

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The purpose of this study is to examine the relationship between organizational performance (OP) in Vietnam and market competition (MC), enterprise risk management (ERM), management accounting system (MAS), and organizational innovation performance (OIP). We surveyed 397 individuals working in the company to elucidate the link between these variables. Data from the multiple factor survey were analyzed using PLS‐SEM software to illustrate the link between MC, MAS, ERM, OIP, and OP. The findings demonstrate a favorable association between direct and intermediary variables to OP, as predicted. Additionally, the intermediary factors have beneficial effects that help businesses in developing effective strategies in a competitive market, generating revenues, and achieving their objectives. The research results of the study show that, in a highly competitive market, organizational innovation efficiency is the top priority of organizations. To achieve this, companies must continuously adapt to the demands of the market.

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Patient Perceptions and Sustainable Healthcare: Understanding Digital Anxiety in Turbulent Economic Environment

Krčméry

2024

Challenges in the Turbulent Economic Environment and Organizations’ Sustainable Development

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In the healthcare sector, organizations are actively preparing for the challenges and changes associated with a turbulent economic environment. Technological revolutions such as Industry 4.0 and Industry 5.0 are expected to bring trends that will fundamentally change the way healthcare works, like the use of communication tools for patients and medical teams. Many studies show that developments in healthcare are influenced by digital transformation. Innovations are primarily focusing on prevention, early diagnosis, and improvement of quality of life and health. Technologies, such as the use of artificial intelligence, telemedicine, smart devices, and robotics, will simplify and speed up processes and services in healthcare. In the context of evolving healthcare landscapes and the increasing integration of digital technologies, our research investigates patient perceptions and concerns. Through a comprehensive study, we discovered a noteworthy trend: patients exhibit a statistically significant fear of digital healthcare, surpassing levels of distrust or perceived ineffectiveness. This finding prompts a critical inquiry into the underlying reasons behind this fear and seeks to understand how healthcare organizations can effectively address these concerns for sustainable adoption amid a turbulent economic environment. To collect the data, we used a questionnaire survey, that was performed on 437 patients from Slovak Republic.

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Evolution of Industry 4.0 and Its Implications for International Business

Cited by 5 publications

References 31 publications

A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia

A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia

How market competition influences organizational performance: Mediation in the interplay of management accounting system, enterprise risk management, and organizational innovation performance

Patient Perceptions and Sustainable Healthcare: Understanding Digital Anxiety in Turbulent Economic Environment

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