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Cyber-Physical Smart Manufacturing Systems: Sustainable Industrial Networks, Cognitive Automation, and Data-Centric Business Models

Cyber-Physical Smart Manufacturing Systems: Sustainable Industrial Networks, Cognitive... We draw on a substantial body of theoretical and empirical research on cyber-physical smart manufacturing systems, and using and replicating data from BCG, Deloitte, LMTPE-RWTH Aachen University, and PwC, we performed analyses and made estimates regarding Industry 4.0 value creation (%), elements that are expected to be highly relevant along the automotive value chain in 2030 (%), and how industrial companies are moving towards greater digital value creation, and from augmented products to serving digital ecosystems (%). Structural equation modeling was used to analyze the data and test the proposed conceptual model. JEL codes: E24; J21; J54; J64 Keywords: cyber-physical smart manufacturing system; sustainable industrial network http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

Cyber-Physical Smart Manufacturing Systems: Sustainable Industrial Networks, Cognitive Automation, and Data-Centric Business Models

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

We draw on a substantial body of theoretical and empirical research on cyber-physical smart manufacturing systems, and using and replicating data from BCG, Deloitte, LMTPE-RWTH Aachen University, and PwC, we performed analyses and made estimates regarding Industry 4.0 value creation (%), elements that are expected to be highly relevant along the automotive value chain in 2030 (%), and how industrial companies are moving towards greater digital value creation, and from augmented products to serving digital ecosystems (%). Structural equation modeling was used to analyze the data and test the proposed conceptual model. JEL codes: E24; J21; J54; J64 Keywords: cyber-physical smart manufacturing system; sustainable industrial network

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2019

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