2023
DOI: 10.3390/su15118553
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Industry-4.0-Enabled Digital Transformation: Prospects, Instruments, Challenges, and Implications for Business Strategies

Abstract: Digital transformation, which significantly impacts our personal, social, and economic spheres of life, is regarded by many as the most significant development of recent decades. In an industrial context, based on a systematic literature review of 262 papers selected from the ProQuest database, using the methodology of David and Han, this paper discusses Industry 4.0 technologies as the key drivers and/or enablers of digital transformation for business practices, models, processes, and routines in the current … Show more

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Cited by 39 publications
(12 citation statements)
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“…This research adds to the literature and has real-world consequences for economic policy and development at the state level by proposing a legal and economic strategy for humanizing FinTech. Using a comprehensive literature analysis, Yaqub & Alsabban [ 29 ] examine Industry 4.0 technologies as primary agents of digital change in manufacturing. The research focuses on how these technologies improve business practices in the digital era, including competitiveness, sustainability, corporate development, and other areas.…”
Section: Literature Reviewmentioning
confidence: 99%
“…This research adds to the literature and has real-world consequences for economic policy and development at the state level by proposing a legal and economic strategy for humanizing FinTech. Using a comprehensive literature analysis, Yaqub & Alsabban [ 29 ] examine Industry 4.0 technologies as primary agents of digital change in manufacturing. The research focuses on how these technologies improve business practices in the digital era, including competitiveness, sustainability, corporate development, and other areas.…”
Section: Literature Reviewmentioning
confidence: 99%
“…This assessment should include vulnerability scanning, penetration testing and system monitoring to stay ahead of threats. 109 Rigorously upholding ethical standards demonstrates professionalism and helps earn stakeholder trust. Investigators should respect privacy rights and civil liberties.…”
Section: Recommendationsmentioning
confidence: 99%
“…We performed an exhaustive search, ensuring that selected articles belong journals indexed in SCOPUS, Web of Science and/or SciELO. We used search terms as "business management", "information technology", "information age", "organizational efficiency", "business", "customers", and other related terms, in the abstract, title and keywords of the article using the foundations of [34]- [36]. We applied filters to include articles published in indexed scientific journals in the last five years.…”
Section: Article Selectionmentioning
confidence: 99%
“…In addition, the positioned companies have implemented innovative strategies to take advantage of the potential of technology in business management. For example, according to [73], [74] some of the great benefits of these processes, such as predictive analytics or various studies to understand social and cultural dynamics, have been successfully exploited by large companies such as Amazon, Google, Microsoft or Netflix [1], [34], [75], [76]. This have revolutionized their respective industries through the intelligent use of information technologies and data analysis to personalize the customer experience and improve operational efficiency [76]- [79].…”
Section: Review Of Innovative Business Strategiesmentioning
confidence: 99%