IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v77y2024ics0160791x24000769.html
   My bibliography  Save this article

A three-level view of readiness models: Statistical and managerial insights on industry 4.0

Author

Listed:
  • Basile, Vincenzo
  • Tregua, Marco
  • Giacalone, Massimiliano

Abstract

Over the past ten years, business intelligence (BI) and data analytics (DA) have consistently increased their impact on information management and firms' strategies, as evidenced in decision-making processes. Moreover, using new tools in so-called digitalization has become a core element, and while it may help firms sustain their competitive advantage, it could also have multiple side effects. Therefore, this paper adopts a service ecosystem perspective and focuses on firms’ level of digitalization to observe the effects of technologies regarded as actors, as well as deriving outlooks beyond the firm level. Additionally, a multilevel view is aligned with the digital service ecosystem and supports the analysis of Industry 4.0 as sociotechnical factors in smart manufacturing technologies. Using principal component analysis (PCA), an analysis of industries was conducted to identify where the modernization of manufacturing and the contribution of digitalization show lower levels of readiness. Furthermore, the purpose of the analysis is to alert firms about opportunities to gain the most from digitalization or to enhance their level of implementation of such technologies. A three-level view emerges because novel technology implementation ranges from companies to industries to regions; therefore, a general process of digitalization may also increase competitiveness at a wider level.

Suggested Citation

  • Basile, Vincenzo & Tregua, Marco & Giacalone, Massimiliano, 2024. "A three-level view of readiness models: Statistical and managerial insights on industry 4.0," Technology in Society, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:teinso:v:77:y:2024:i:c:s0160791x24000769
    DOI: 10.1016/j.techsoc.2024.102528
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X24000769
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techsoc.2024.102528?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ben, Shenglin & Bosc, Romain & Jiao, Jinpu & Li, Wenwei & Simonelli, Felice & Zhang, Ruidong, 2017. "Digital Infrastructure: Overcoming the digital divide in China and the European Union," CEPS Papers 13194, Centre for European Policy Studies.
    2. Jan Váně & František Kalvas & Josef Basl, 2021. "Engineering companies and their readiness for Industry 4.0," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 70(5), pages 1072-1091, April.
    3. Llopis-Albert, Carlos & Rubio, Francisco & Valero, Francisco, 2021. "Impact of digital transformation on the automotive industry," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    4. Klingenberg, Cristina Orsolin & Borges, Marco Antônio Viana & Antunes, José Antônio do Vale, 2022. "Industry 4.0: What makes it a revolution? A historical framework to understand the phenomenon," Technology in Society, Elsevier, vol. 70(C).
    5. Kristoffersen, Eivind & Blomsma, Fenna & Mikalef, Patrick & Li, Jingyue, 2020. "The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies," Journal of Business Research, Elsevier, vol. 120(C), pages 241-261.
    6. Hafiz Mudassir Rehman & Hui Nee Au Yong & Yuen Onn Choong, 2022. "Facilitating the Malaysian Manufacturing Sector in Readiness for Industry 4.0: A Mediating Role of Organization Innovation," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 13(1), pages 1-23, January.
    7. Gunnar Prause, 2016. "E-Residency: a business platform for Industry 4.0?," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(3), pages 216-227, March.
    8. Tava Lennon Olsen & Brian Tomlin, 2020. "Industry 4.0: Opportunities and Challenges for Operations Management," Manufacturing & Service Operations Management, INFORMS, vol. 22(1), pages 113-122, January.
    9. Stephen L. Vargo & Robert F. Lusch, 2016. "Institutions and axioms: an extension and update of service-dominant logic," Journal of the Academy of Marketing Science, Springer, vol. 44(1), pages 5-23, January.
    10. Rafael, Lizarralde Dorronsoro & Jaione, Ganzarain Epelde & Cristina, López & Ibon, Serrano Lasa, 2020. "An Industry 4.0 maturity model for machine tool companies," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    11. Sanjiv Narula & Surya Prakash & Maheshwar Dwivedy & Vishal Talwar & Surendra Prasad Tiwari, 2020. "Industry 4.0 adoption key factors: an empirical study on manufacturing industry," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 17(5), pages 697-725, August.
    12. Simmonds, Hamish & Gazley, Aaron & Kaartemo, Valtteri & Renton, Michelle & Hooper, Val, 2021. "Mechanisms of service ecosystem emergence: Exploring the case of public sector digital transformation," Journal of Business Research, Elsevier, vol. 137(C), pages 100-115.
    13. Dmitry Ivanov & Alexandre Dolgui & Boris Sokolov, 2019. "The impact of digital technology and Industry 4.0 on the ripple effect and supply chain risk analytics," International Journal of Production Research, Taylor & Francis Journals, vol. 57(3), pages 829-846, February.
    14. Grybauskas, Andrius & Stefanini, Alessandro & Ghobakhloo, Morteza, 2022. "Social sustainability in the age of digitalization: A systematic literature Review on the social implications of industry 4.0," Technology in Society, Elsevier, vol. 70(C).
    15. Daniel Kiel & Julian M. Müller & Christian Arnold & Kai-Ingo Voigt, 2017. "Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-34, December.
    16. Gunnar Prause & Gunnar Prause & Sina Atari, 2017. "On sustainable production networks for Industry 4.0," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 421-431, June.
    17. Cannavacciuolo, Lorella & Ferraro, Giovanna & Ponsiglione, Cristina & Primario, Simonetta & Quinto, Ivana, 2023. "Technological innovation-enabling industry 4.0 paradigm: A systematic literature review," Technovation, Elsevier, vol. 124(C).
    18. Masood Fathi & Morteza Ghobakhloo, 2020. "Enabling Mass Customization and Manufacturing Sustainability in Industry 4.0 Context: A Novel Heuristic Algorithm for in-Plant Material Supply Optimization," Sustainability, MDPI, vol. 12(16), pages 1-15, August.
    19. Li, Ying & Dai, Jing & Cui, Li, 2020. "The impact of digital technologies on economic and environmental performance in the context of industry 4.0: A moderated mediation model," International Journal of Production Economics, Elsevier, vol. 229(C).
    20. Prodi, Elena & Tassinari, Mattia & Ferrannini, Andrea & Rubini, Lauretta, 2022. "Industry 4.0 policy from a sociotechnical perspective: The case of German competence centres," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    21. Noorliza Karia, 2018. "Knowledge resources, technology resources and competitive advantage of logistics service providers," Knowledge Management Research & Practice, Taylor & Francis Journals, vol. 16(4), pages 451-463, October.
    22. Blichfeldt, Henrik & Faullant, Rita, 2021. "Performance effects of digital technology adoption and product & service innovation – A process-industry perspective," Technovation, Elsevier, vol. 105(C).
    23. Kumar, Anil & Agrawal, Rohit & Wankhede, Vishal A & Sharma, Manu & Mulat-weldemeskel, Eyob, 2022. "A framework for assessing social acceptability of industry 4.0 technologies for the development of digital manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    24. Dabbous, Amal & Barakat, Karine Aoun & Kraus, Sascha, 2023. "The impact of digitalization on entrepreneurial activity and sustainable competitiveness: A panel data analysis," Technology in Society, Elsevier, vol. 73(C).
    25. Sanjiv Narula & Surya Prakash & Maheshwar Dwivedy & Vishal Talwar & Surendra Prasad Tiwari, 2020. "Industry 4.0 adoption key factors: an empirical study on manufacturing industry," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 17(5), pages 697-725, August.
    26. Papanikolaou, Efstathios & Angelis, Jannis & Moustakis, Vassilis, 2023. "Which type of ecosystem for distributed ledger technology?," Technology in Society, Elsevier, vol. 72(C).
    27. Palmié, Maximilian & Miehé, Lucas & Oghazi, Pejvak & Parida, Vinit & Wincent, Joakim, 2022. "The evolution of the digital service ecosystem and digital business model innovation in retail: The emergence of meta-ecosystems and the value of physical interactions," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    28. Amir Mehdiabadi & Mariyeh Tabatabeinasab & Cristi Spulbar & Amir Karbassi Yazdi & Ramona Birau, 2020. "Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0," IJFS, MDPI, vol. 8(2), pages 1-29, May.
    29. Zhou, Yong & Yang, Qijin & Lu, Shuo, 2023. "Research on the identification and formation mechanism of the main path of digital technology diffusion: Empirical evidence from China," Technology in Society, Elsevier, vol. 75(C).
    30. Benitez, Guilherme Brittes & Ayala, Néstor Fabián & Frank, Alejandro G., 2020. "Industry 4.0 innovation ecosystems: An evolutionary perspective on value cocreation," International Journal of Production Economics, Elsevier, vol. 228(C).
    31. Sony, Michael & Naik, Subhash, 2020. "Industry 4.0 integration with socio-technical systems theory: A systematic review and proposed theoretical model," Technology in Society, Elsevier, vol. 61(C).
    32. Daniel Alejandro Rossit & Fernando Tohmé & Mariano Frutos, 2019. "Industry 4.0: Smart Scheduling," International Journal of Production Research, Taylor & Francis Journals, vol. 57(12), pages 3802-3813, June.
    33. Sony, Michael & Aithal, Sreeramana, 2020. "Developing an Industry 4.0 Readiness Model for Indian Engineering Industries," MPRA Paper 102875, University Library of Munich, Germany.
    34. Hellström, Daniel & Olsson, John, 2024. "Let's go thrift shopping: Exploring circular business model innovation in fashion retail," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    35. Dmitry Ivanov & Alexandre Dolgui, 2022. "The shortage economy and its implications for supply chain and operations management," International Journal of Production Research, Taylor & Francis Journals, vol. 60(24), pages 7141-7154, December.
    36. Morteza Ghobakhloo & Mohammad Iranmanesh & Andrius Grybauskas & Mantas Vilkas & Monika Petraitė, 2021. "Industry 4.0, innovation, and sustainable development: A systematic review and a roadmap to sustainable innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4237-4257, December.
    37. Sube Singh & Ramesh Kumar & Rohit Panchal & Manoj Kumar Tiwari, 2021. "Impact of COVID-19 on logistics systems and disruptions in food supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 59(7), pages 1993-2008, April.
    38. Sklyar, Alexey & Kowalkowski, Christian & Tronvoll, Bård & Sörhammar, David, 2019. "Organizing for digital servitization: A service ecosystem perspective," Journal of Business Research, Elsevier, vol. 104(C), pages 450-460.
    39. Usama Awan & Robert Sroufe & Muhammad Shahbaz, 2021. "Industry 4.0 and the circular economy: A literature review and recommendations for future research," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2038-2060, May.
    40. Pinosh Kumar Hajoary, 2020. "Industry 4.0 Maturity and Readiness Models: A Systematic Literature Review and Future Framework," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(07), pages 1-37, November.
    41. Noorliza Karia, 2018. "Knowledge resources, technology resources and competitive advantage of logistics service providers," Knowledge Management Research & Practice, Taylor & Francis Journals, vol. 16(3), pages 414-426, July.
    42. Mansoor Ahmed Soomro & Mohd Hizam-Hanafiah & Nor Liza Abdullah & Mohd Helmi Ali & Muhammad Shahar Jusoh, 2021. "Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia," Administrative Sciences, MDPI, vol. 11(2), pages 1-18, May.
    43. Çipi, Amali & Fernandes, Ana Cláudia R.D. & Ferreira, Fernando A.F. & Ferreira, Neuza C.M.Q.F. & Meidutė-Kavaliauskienė, Ieva, 2023. "Detecting and developing new business opportunities in society 5.0 contexts: A sociotechnical approach," Technology in Society, Elsevier, vol. 73(C).
    44. Götz, Marta & Jankowska, Barbara, 2022. "When reality diverges from expectations… Industry 4.0, FDI and post-transition economy," Technology in Society, Elsevier, vol. 68(C).
    45. Sandrine Kergroach, 2017. "Industry 4.0: New Challenges and Opportunities for the Labour Market," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(4), pages 6-8.
    46. Laima Gerlitz, 2016. "Design management as a domain of smart and sustainable enterprise: business modelling for innovation and smart growth in Industry 4.0," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(3), pages 244-268, March.
    47. Frank, Alejandro G. & Mendes, Glauco H.S. & Ayala, Néstor F. & Ghezzi, Antonio, 2019. "Servitization and Industry 4.0 convergence in the digital transformation of product firms: A business model innovation perspective," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 341-351.
    48. Ernesto Cassetta & Umberto Monarca & Ivano Dileo & Claudio Di Berardino & Marco Pini, 2020. "The relationship between digital technologies and internationalisation. Evidence from Italian SMEs," Industry and Innovation, Taylor & Francis Journals, vol. 27(4), pages 311-339, April.
    49. Chatterjee, Sheshadri & Rana, Nripendra P. & Dwivedi, Yogesh K. & Baabdullah, Abdullah M., 2021. "Understanding AI adoption in manufacturing and production firms using an integrated TAM-TOE model," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tao, Zhibin & Chao, Jiaxiao, 2024. "Unlocking new opportunities in the industry 4.0 era, exploring the critical impact of digital technology on sustainable performance and the mediating role of GSCM practices," Innovation and Green Development, Elsevier, vol. 3(3).
    2. Shet, Sateesh V. & Pereira, Vijay, 2021. "Proposed managerial competencies for Industry 4.0 – Implications for social sustainability," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    3. Cannavacciuolo, Lorella & Ferraro, Giovanna & Ponsiglione, Cristina & Primario, Simonetta & Quinto, Ivana, 2023. "Technological innovation-enabling industry 4.0 paradigm: A systematic literature review," Technovation, Elsevier, vol. 124(C).
    4. Kraus, Sascha & Kumar, Satish & Lim, Weng Marc & Kaur, Jaspreet & Sharma, Anuj & Schiavone, Francesco, 2023. "From moon landing to metaverse: Tracing the evolution of Technological Forecasting and Social Change," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    5. Calabrese, Armando & Costa, Roberta & Tiburzi, Luigi & Brem, Alexander, 2023. "Merging two revolutions: A human-artificial intelligence method to study how sustainability and Industry 4.0 are intertwined," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    6. Münch, Christopher & Marx, Emanuel & Benz, Lukas & Hartmann, Evi & Matzner, Martin, 2022. "Capabilities of digital servitization: Evidence from the socio-technical systems theory," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    7. Sony, Michael & Antony, Jiju & Mc Dermott, Olivia & Garza-Reyes, Jose Arturo, 2021. "An empirical examination of benefits, challenges, and critical success factors of industry 4.0 in manufacturing and service sector," Technology in Society, Elsevier, vol. 67(C).
    8. Krishna Kumar Dadsena & Pushpesh Pant & Sanjoy Kumar Paul & Saurabh Pratap, 2024. "Overcoming strategies for supply chain digitization barriers: Implications for sustainable development goals," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 3887-3910, July.
    9. Kayikci, Yasanur & Kazancoglu, Yigit & Gozacan-Chase, Nazlican & Lafci, Cisem & Batista, Luciano, 2022. "Assessing smart circular supply chain readiness and maturity level of small and medium-sized enterprises," Journal of Business Research, Elsevier, vol. 149(C), pages 375-392.
    10. Culot, Giovanna & Orzes, Guido & Sartor, Marco & Nassimbeni, Guido, 2020. "The future of manufacturing: A Delphi-based scenario analysis on Industry 4.0," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    11. Mariani, Marcello & Borghi, Matteo, 2019. "Industry 4.0: A bibliometric review of its managerial intellectual structure and potential evolution in the service industries," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
    12. Dalenogare, Lucas Santos & Le Dain, Marie-Anne & Benitez, Guilherme B. & Ayala, Néstor F. & Frank, Alejandro G., 2022. "Multichannel digital service delivery and service ecosystems: The role of data integration within Smart Product-Service Systems," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    13. Paiola, Marco & Schiavone, Francesco & Grandinetti, Roberto & Chen, Junsong, 2021. "Digital servitization and sustainability through networking: Some evidences from IoT-based business models," Journal of Business Research, Elsevier, vol. 132(C), pages 507-516.
    14. Ghobakhloo, Morteza & Asadi, Shahla & Iranmanesh, Mohammad & Foroughi, Behzad & Mubarak, Muhammad Faraz & Yadegaridehkordi, Elaheh, 2023. "Intelligent automation implementation and corporate sustainability performance: The enabling role of corporate social responsibility strategy," Technology in Society, Elsevier, vol. 74(C).
    15. Dalenogare, Lucas Santos & Le Dain, Marie-Anne & Ayala, Néstor F. & Pezzotta, Giuditta & Frank, Alejandro G., 2023. "Building digital servitization ecosystems: An analysis of inter-firm collaboration types and social exchange mechanisms among actors," Technovation, Elsevier, vol. 124(C).
    16. Ricci, Riccardo & Battaglia, Daniele & Neirotti, Paolo, 2021. "External knowledge search, opportunity recognition and industry 4.0 adoption in SMEs," International Journal of Production Economics, Elsevier, vol. 240(C).
    17. Kazantsev, Nikolai & Petrovskyi, Oleksii & Müller, Julian M., 2023. "From supply chains towards manufacturing ecosystems: A system dynamics model," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    18. Alkaraan, Fadi & Elmarzouky, Mahmoud & Hussainey, Khaled & Venkatesh, V.G., 2023. "Sustainable strategic investment decision-making practices in UK companies: The influence of governance mechanisms on synergy between industry 4.0 and circular economy," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    19. Zhang, Yixiang & Liu, Meiling & Fu, Bowen, 2024. "Can digital technology application promote energy saving and emission reduction practices in enterprise? An empirical study based on the awareness-motivation-capability perspective," Energy, Elsevier, vol. 286(C).
    20. Yan Chen & Zijin Wang & Jaime Ortiz, 2023. "A Sustainable Digital Ecosystem: Digital Servitization Transformation and Digital Infrastructure Support," Sustainability, MDPI, vol. 15(2), pages 1-16, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:teinso:v:77:y:2024:i:c:s0160791x24000769. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/technology-in-society .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.