Technology Adoption in the Industry 4.0 Era: Empirical Evidence from Manufacturing Companies

Medić, Nenad; Anišić, Zoran; Tasić, Nemanja; Zivlak, Nikola; Lаlić, Bojаn

doi:10.1007/978-3-030-57993-7_14

Cited by 3 publications

(2 citation statements)

References 26 publications

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“…However, ADP technology development and diffusion remains concentrated in highly developed economies, while development is weak in most emerging economies. The low technological maturity of companies from emerging countries indicates that their attention and activity should be focused on the implementation of recognized technologies [30].…”

Section: Industrialization and Energy Efficiencymentioning

confidence: 99%

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

Borowski

2021

Energies

267

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In the 21st century, it is becoming increasingly clear that human activities and the activities of enterprises affect the environment. Therefore, it is important to learn about the methods in which companies minimize the negative effects of their activities. The article presents the steps taken and innovative actions carried out by enterprises in the energy sector. The article analyzes innovative activities undertaken and implemented by enterprises from the energy sector. The relationships between innovative strategies, including, inter alia, digitization, and Industry 4.0 solutions, in the development of companies and the achieved results concerning sustainable development and environmental impact. Digitization has far exceeded traditional productivity improvement ranges of 3–5% per year, with a clear cost improvement potential of well above 25%. Enterprises on a large scale make attempts to increase energy efficiency by implementing the state-of-the-art innovative technical and technological solutions, which increase reliability and durability (material and mechanical engineering). Digitization of energy companies allows them to reduce operating costs and increases efficiency. With digital advances, the useful life of an energy plant can be increased up to 30%. Advanced technologies, blockchain, and the use of intelligent networks enables the activation of prosumers in the electricity market. Reducing energy consumption in industry and at the same time increasing energy efficiency for which the European Union is fighting in the clean air package for all Europeans have a positive impact on environmental protection, sustainable development, and the implementation of the decarbonization program.

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Section: Industrialization and Energy Efficiencymentioning

confidence: 99%

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

Borowski

2021

Energies

267

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“…Do et al (2018) argue that institutions need innovation to improve their production and service delivery to attain superior performance for dealing with turbulence in the external environment [22,23]. Zivlak et al argue that digital services based on big data analysis are highly used in high growth manufacturing firms [24]. These authors further claim that digital services would trigger manufacturing firms to enhance their servitization process and increase their competitiveness and performance [25,26].…”

Section: Introductionmentioning

confidence: 99%

Spatial Networking Analysis to Capture Local Innovation Flows Towards Inclusive Transition

Bevilacqua¹,

Sohrabi²,

Hamdy³

2022

Preprint

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The economy is a complex system, and the interactions between different agents are still not easy to quickly see-through. This complexity should reflect in a spatial dimension; in this way, tracking the tradeoffs opens a new window to the nexus of place and flow. Due to the fact, the economic systems often go through transitions and end up in another state, and this evolution is embedded in cities as the new motor of paradigm shift. To adequately represent and study these dynamics, we aim to develop an integrated method based on network analysis science and geographic economy synthesis to detect a multiscale navigator to track the transition from regional to the local level. This paper seeks to explore the specialization of regional clusters and their innovative behaviour in a particular lagging region, hence unfolding the innovation ecosystem to the smallest granularity then simulating the emergence phase of this complex system. First, our findings reveal that the local scale is relevant to start a bottom-up planning approach on policy implementation. Second, the global challenges could be addressed on a regional scale if we investigate the local complexity to unfold the innovation flow over its complex ecosystem and lead the knowledge as a critical element for inclusive transition, most probably into cities. Finally, the innovation network is an existing fact which can translate as a host for prosperity; In this line of reasoning, we intend to spatialize the track of the innovation flow to achieve transition hotspots and respond adequately to upcoming world concerns.

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Barriers Hindering Digital Transformation in SMEs

Pujari,

Saha

2023

Drivers of SME Growth and Sustainability in Emerging Markets

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The chapter aims to find interdependencies between barriers that hinder adoption of digital transformation technologies in small and medium firms. Barriers were identified using an extensive literature review and finalized after consulting an expert panel. Next, a pairwise questionnaire was developed, and responses from essential stakeholders working with small and medium firms were collected. Data were analyzed using the DEMATEL technique. Salient challenges for implementing digital transformation technologies were identified, and the cause-and-effect relationship between the barriers was established. Lack of proper digital vision and strategy was identified as the most critical barrier that hinders adoption of digital transformation technologies in small and medium firms. Digital technologies help to improve the efficiency of the firms and improve resource utilization by facilitating timely and accurate decision making. Hence, overcoming the identified challenges in transformation will improve the operations of the production system and organizational process.

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Technology Adoption in the Industry 4.0 Era: Empirical Evidence from Manufacturing Companies

Cited by 3 publications

References 26 publications

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

Spatial Networking Analysis to Capture Local Innovation Flows Towards Inclusive Transition

Barriers Hindering Digital Transformation in SMEs

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