Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review

Sima, Violeta; Gheorghe, Ileana Georgiana; Subić, J.; Nancu, Dumitru

doi:10.3390/su12104035

Cited by 551 publications

(368 citation statements)

References 138 publications

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“…Another matter that should be carefully studied is consumer customization, which will motivate and allow consumers to consume responsibly, especially in the more economically productive societies but also in developing ones [107]. Industry 4.0 influences consumer behavior and human capital development [108]. New materials will be one of the demands and requirements, including new technological devices such as spare parts for machines, sensors, and drones.…”

Section: The Long-term Scenariomentioning

confidence: 99%

Impact of Industry 4.0 on Environmental Sustainability

et al. 2020

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Industry 4.0 is a concept that originated from the German industry, and whose essence is the use of technology for efficient production. In business today, the emergence of Industry 4.0 for production, and its related technologies, such as the Internet of Things (IoT) and cyber-physical systems, amongst others, have, however, a negative impact on environmental sustainability as a result of air pollution, the poor discharge of waste, and the intensive use of raw materials, information, and energy. The method used in this study is an analysis of a literature review of manuscripts discussing topics related to Industry 4.0 and environmental sustainability published between 2000 and 2020. There is currently a gap existing between the actual and the desired situation, in that production occurs in a weak sustainability model, and, therefore, this research debates the effects on environmental sustainability and the challenges facing Industry 4.0. Four scenarios are discussed: a deployment scenario, an operation scenario, integration and compliance with sustainable development goals, and a long-run scenario. The results indicate that there is a negative relationship related to the flow of the production process from the inputs to the final product, including raw materials, energy requirements, information, and waste disposal, and their impacts on the environment. However, the integration of Industry 4.0 and the sustainable development goals enhance environmental sustainability to create ecological support that guarantees high environmental performance with a more positive impact than before. This paper will help stakeholders and companies to provide solutions to the existing environmental challenges that can be mediated through adopting new technologies. The novelty of this study is its depiction of Industry 4.0 and its technologies integrated with sustainable development goals to create a sustainable Industry 4.0 combining environmental protection and sustainability.

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Section: The Long-term Scenariomentioning

confidence: 99%

Impact of Industry 4.0 on Environmental Sustainability

et al. 2020

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“…This is the biggest challenge for this stage of analysis. On the other hand, the theory clearly indicates the positive impact of human capital on entrepreneurship in the conditions of the development of Industry 4.0 [41][42][43][44]69]. The very high strength of this relationship remains the main doubt.…”

Section: Study Resultsmentioning

confidence: 99%

“…The thesis that human capital, understood primarily as formal education, is an important factor determining the creation and development of new enterprises is present in the literature on the development of entrepreneurship. In the condition of the development of Industry 4.0, human capital and education play a key role [41]. It is assumed that people with higher education will be more likely to set up their own businesses than those that are less educated.…”

Section: Hypothesesmentioning

confidence: 99%

“…Furthermore, it is argued that education provides individuals with the cognitive skills necessary to facilitate the acquisition of new knowledge and adaptation to new situations. It is also believed that education increases the productivity of individuals and enhances their management skills, which in turn increases the chances of starting their own businesses [41]. There is a positive relationship between human capital and innovation [46], which drives development of Industry 4.0 [47].…”

Section: Hypothesesmentioning

confidence: 99%

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Impact of Resources on the Development of Local Entrepreneurship in Industry 4.0

Kłobukowski

Pasieczny

2020

Sustainability

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The development of Industry 4.0 has a significant impact not only on production processes but also on the functioning and future of regions. It is crucial to understand the phenomena taking place in the social and economic space both from the cognitive and practical point of view. The article is based on research which investigates the prospect of communes in the context of Industry 4.0 development. The aim of the article is to show possible consequences of the development of Industry 4.0 from the local perspective. The basic assumption is a positive impact of entrepreneurship on ensuring sustainable regional development. The model adopted is built on a resource-based view and includes both invariable, external and independent resources such as location, as well as those which are variable in the longer term, such as human and social capital. To verify most of the hypotheses, a linear regression model has been created. The results of the research show that there is a strong correlation between human capital, social capital, proximity of an agglomeration and tourist attractiveness of a region, and regional development operationalised by the number of enterprises. The article presents possible directions of changes in the profiles of local units, as well as the conditions which have to be met in order to enable such a transformation.

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“…Sima at al. [49] conducted an analysis on 111 studies and identified the drivers for human capital development, such as new skills: productivity, digitalization, innovations, internet users, in the context on industrial revolution 4.0. As we demonstrated with our research, these drivers contribute to the development of human capital.…”

Section: Discussionmentioning

confidence: 99%

Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0

et al. 2020

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The current phenomenon of the economy-accelerated digitalization, known as the “Industry 4.0”, will generate both an increased productivity, connectivity and several transformations on the labor force skills. Our research objectives are to determine the influence that digitalization has had on the workforce in several developed countries and to propose a new composite indicator that reflects these dynamics over time. We have used the Canonical Correlation Analysis (CCA) in order to identify and analyze the correlations between two sets of variables, an independent one and a dependent one. Data were collected from the World Bank and World Economic Forum for the years 2018–2019. Based on the results of our research we have determined and made a consistent analysis of the new composite index of digitalization and labor force in 19 countries. The results of our research are relevant and show not only the impact of digitalization on the labor force in different countries, but also the structural changes required by the new economic and social models. Our research can help decision-makers get in advance the necessary measures in the field of labor force in order to ensure a proper integration of these measures into the new economic model based on digitalization.

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Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review

Cited by 551 publications

References 138 publications

Impact of Industry 4.0 on Environmental Sustainability

Impact of Industry 4.0 on Environmental Sustainability

Impact of Resources on the Development of Local Entrepreneurship in Industry 4.0

Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0

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