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Real-Time Process Monitoring in Industry 4.0 Manufacturing Systems: Sensing, Smart, and Sustainable Technologies

Real-Time Process Monitoring in Industry 4.0 Manufacturing Systems: Sensing, Smart, and... This article presents an empirical study carried out to evaluate and analyze real-time process monitoring in Industry 4.0 manufacturing systems. Building our argument by drawing on data collected from Accenture, BBC, BDO, Capgemini, McKinsey, and PwC, we performed analyses and made estimates regarding progress in the last year in implementing Industry 4.0 applications/strategies (%), digital intensity parameters (%), data monetization strategies (%), and current level of process integration (%). Data collected from 4,700 respondents are tested against the research model by using structural equation modeling. JEL codes: E24; J21; J54; J64 Keywords: Industry 4.0; manufacturing system; real-time process monitoring http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

Real-Time Process Monitoring in Industry 4.0 Manufacturing Systems: Sensing, Smart, and Sustainable Technologies

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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

This article presents an empirical study carried out to evaluate and analyze real-time process monitoring in Industry 4.0 manufacturing systems. Building our argument by drawing on data collected from Accenture, BBC, BDO, Capgemini, McKinsey, and PwC, we performed analyses and made estimates regarding progress in the last year in implementing Industry 4.0 applications/strategies (%), digital intensity parameters (%), data monetization strategies (%), and current level of process integration (%). Data collected from 4,700 respondents are tested against the research model by using structural equation modeling. JEL codes: E24; J21; J54; J64 Keywords: Industry 4.0; manufacturing system; real-time process monitoring

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2019

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