Importance of the Use of the Internet of Things and its Implications in the Manufacturing Industry

Abstract

The research presented in this paper is a literary analysis of 91 papers of 31 different journals of world recognition from different countries

Perspectives on the future of manufacturing within the Industry 4.0 era

“…The emergence of I4.0, its associated technologies and interconnected CPS infrastructure, has created a number of big data challenges and opportunities for manufacturers to generate new knowledge (Contreras & Perez (2018). Within the automated age, data from production equipment, IoT connected networks, maintenance tools and supply chain status, needs to be formally managed and processed to enable key decision making.…”

“…This servitisation perspective can position IoT based solutions to shorten product lifecycles and adapt to changing customer demands (Rymaszewska et al 2017;Sayar & Er 2018). The use of IoT based technologies has the potential to offer significant levels of improvements to productivity and efficiency when adopting a value chain perspective using: big data, supply chain, CPS security, monitoring and control (Contreras & Perez 2018;Shridhar 2019).…”

“…The key drivers for manufacturers to transition to I4.0 are related to reduced operating costs, productivity and efficiency gains underpinned by ROI focussed pragmatism (Buer et al 2018;). I4.0 has the potential to accelerate the ability of manufacturers to achieve new levels of operational effectiveness, efficiencies and corresponding impact on productivity and performance (Contreras & Perez 2018;Lu 2017;Schumacher et al 2016;Venables 2016). I4.0 is likely to engender the creation of new business models, impact the full product lifecycle, improve end to end processes and increase manufacturing competitiveness (Maddern et al 2014;Pereira & Romero 2017).…”

Role of Agribusiness in the Development of Robust Manufacturing Sub-Sector

“…Thus, critical evaluation and selection of suppliers should constitute an integral part of manufacturers' strategies. Contreras and Perez (2018) were interesting in knowing the implications of internet of things (IoT) usage for productivity increase in the manufacturing sub-sector with special emphasis on data privacy and security. The researchers argued the research objective was relevant because the gradual and significant influence of the internet of things in different contexts, including businesses is very high.…”