Business Intelligence: Business Evolution after Industry 4.0

Industry 4.0 is a set of technologies that companies require to promote innovation strategies and obtain a rapid response in dynamic markets. It focuses mainly on interconnectivity, digital technology, predictive analytics and machine learning to revolutionize the way companies operate and develop....

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Bibliographic Details
Published in:Sustainability 2021-09, Vol.13 (18), p.10026
Main Authors: Tavera Romero, Carlos Andrés, Ortiz, Jesús Hamilton, Khalaf, Osamah Ibrahim, Ríos Prado, Andrea
Format: Article
Language:English
Subjects:
Competitive advantage
Decision making
Factories
Industry 4.0
Information management
Intelligence
Intelligence (information)
Internet of Things
Learning algorithms
Organizations
Sustainability
Technology assessment
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Summary:Industry 4.0 is a set of technologies that companies require to promote innovation strategies and obtain a rapid response in dynamic markets. It focuses mainly on interconnectivity, digital technology, predictive analytics and machine learning to revolutionize the way companies operate and develop. Therefore, this article proposes and motivates the implementation of Industry 4.0 in organizations. Studying the state of the art and reviewing the current situation of business intelligence (BI) technology, the way it has positively impacted organizations at the economic and business level in terms of decision-making and some success stories implemented in different business, academic, social and governmental environments. Moreover, it addresses the future expected for Industry 4.0 primarily in BI and how companies should face this revolution. This article provides knowledge contribution about the current state and positive consequences of Industry 4.0, and high development in technology when implemented in the organization and the harmonization between production and intelligent digital technology.
ISSN:2071-1050
2071-1050
DOI:10.3390/su131810026