Authors :
Shireen Bojja
Volume/Issue :
Volume 9 - 2024, Issue 12 - December
Google Scholar :
https://tinyurl.com/57bxsmwk
Scribd :
https://tinyurl.com/4bnuv686
DOI :
https://doi.org/10.5281/zenodo.14575874
Abstract :
The application of digital technologies to value
chain activities is a critical factor of new-generation
manufacturing, particularly within the field of Industry
4.0. Specifically, we focus on type of Industry technologies
for electrical equipment manufacturing firms operating
in this sector particularly the small businesses. The main
purpose is to evaluate the role of digital technologies, such
as IoT, big data, and robotics, in improving specific
aspects of manufacturing and at the same time producing
new value streams in the form of smarter production or
improved customer experience. An exploratory research
method is used to conduct a literature review of available
literature on the adoption of Industry 4.0 by small
businesses. Research assumptions show that: There
should be major signs of enhancement in productivity,
sophistication, and customer relations among small
business. Thus, the study emphasizes the use of Big Data
technologies to make correct decisions, digital twin for
improving the efficiency of production. Still, there are
clearly some issues that include initial high cost of
installation and integration problems. These implications
reveal that electrical equipment manufacturing firms,
particularly small firms that are likely to be experiencing
challenges of market dynamics, should strategically invest
in digital technology that are most likely to grow with the
market. In addition, the research calls for the inclusion of
technical and managerial perspectives of digital
transformation in order to capture the depth of the
industry 4.0 technologies.
Keywords :
Industry 4.0, Digital Transformation, Value Chain Optimization, Small Businesses, Electrical Equipment Manufacturing, Smart Manufacturing, Cyber-Physical Systems (CPS), Sustainability in Manufacturing.
References :
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The application of digital technologies to value
chain activities is a critical factor of new-generation
manufacturing, particularly within the field of Industry
4.0. Specifically, we focus on type of Industry technologies
for electrical equipment manufacturing firms operating
in this sector particularly the small businesses. The main
purpose is to evaluate the role of digital technologies, such
as IoT, big data, and robotics, in improving specific
aspects of manufacturing and at the same time producing
new value streams in the form of smarter production or
improved customer experience. An exploratory research
method is used to conduct a literature review of available
literature on the adoption of Industry 4.0 by small
businesses. Research assumptions show that: There
should be major signs of enhancement in productivity,
sophistication, and customer relations among small
business. Thus, the study emphasizes the use of Big Data
technologies to make correct decisions, digital twin for
improving the efficiency of production. Still, there are
clearly some issues that include initial high cost of
installation and integration problems. These implications
reveal that electrical equipment manufacturing firms,
particularly small firms that are likely to be experiencing
challenges of market dynamics, should strategically invest
in digital technology that are most likely to grow with the
market. In addition, the research calls for the inclusion of
technical and managerial perspectives of digital
transformation in order to capture the depth of the
industry 4.0 technologies.
Keywords :
Industry 4.0, Digital Transformation, Value Chain Optimization, Small Businesses, Electrical Equipment Manufacturing, Smart Manufacturing, Cyber-Physical Systems (CPS), Sustainability in Manufacturing.