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Digital innovation: An essence for Industry 4.0.

Authors :
Gupta, Minisha
Jauhar, Sunil Kumar
Source :
Thunderbird International Business Review; May2023, Vol. 65 Issue 3, p279-292, 14p, 6 Charts
Publication Year :
2023

Abstract

The goal of this paper is to explain why digital innovation is so important in business organizations in order to survive in Industry 4.0. The study helps to understand the new era of Industry 4.0 and the importance of introducing digital innovation into organizations. A systematic review of the literature and studies on Industry 4.0 and digital innovation were synthesized to find answers to the research questions. To improve their manufacturing industry, organizations have implemented digital technologies such as augmented reality, robotic sensing, artificial intelligence, cloud computing, cyber physical systems, and remote sensing technologies. These technologies focused on automating logistics and supply chain systems, improving manufacturing system performance, and simplifying automated production systems. Because digital innovations save time and energy, employees can devote more time and energy to creative and innovative activities. Organizations should plan to implement digital technology in order to keep the environment healthy and sustainable while meeting the demands of customers, consumers, and the Industry 4.0 dimension. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10964762
Volume :
65
Issue :
3
Database :
Complementary Index
Journal :
Thunderbird International Business Review
Publication Type :
Academic Journal
Accession number :
163140317
Full Text :
https://doi.org/10.1002/tie.22337