Business Intelligence: Business Evolution after Industry 4.0

• 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
• ISSN: 2071-1050; 2071-1050
• DOI: 10.3390/su131810026

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.