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Business Intelligence: Business Evolution after Industry 4.0

Author

Listed:
  • Carlos Andrés Tavera Romero

    (COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia)

  • Jesús Hamilton Ortiz

    (Closemobile R&D Telecommunications LS, 28070 Madrid, Spain)

  • Osamah Ibrahim Khalaf

    (Al-Nahrain Nanorenewable Energy Research Center, Al-Nahrain University, Baghdad 10001, Iraq)

  • Andrea Ríos Prado

    (COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia)

Abstract

Industry 4.0 is a set of technologies that companies require to promote innovation strategies and obtain a rapid response in dynamic markets. It focuses mainly on interconnectivity, digital technology, predictive analytics and machine learning to revolutionize the way companies operate and develop. Therefore, this article proposes and motivates the implementation of Industry 4.0 in organizations. Studying the state of the art and reviewing the current situation of business intelligence (BI) technology, the way it has positively impacted organizations at the economic and business level in terms of decision-making and some success stories implemented in different business, academic, social and governmental environments. Moreover, it addresses the future expected for Industry 4.0 primarily in BI and how companies should face this revolution. This article provides knowledge contribution about the current state and positive consequences of Industry 4.0, and high development in technology when implemented in the organization and the harmonization between production and intelligent digital technology.

Suggested Citation

  • Carlos Andrés Tavera Romero & Jesús Hamilton Ortiz & Osamah Ibrahim Khalaf & Andrea Ríos Prado, 2021. "Business Intelligence: Business Evolution after Industry 4.0," Sustainability, MDPI, vol. 13(18), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10026-:d:630759
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    References listed on IDEAS

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    2. Biljana Maljugić & Dragan Ćoćkalo & Mihalj Bakator & Sanja Stanisavljev, 2024. "The Role of the Quality Management Process within Society 5.0," Societies, MDPI, vol. 14(7), pages 1-34, July.
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    5. Rafał Trzaska & Adam Sulich & Michał Organa & Jerzy Niemczyk & Bartosz Jasiński, 2021. "Digitalization Business Strategies in Energy Sector: Solving Problems with Uncertainty under Industry 4.0 Conditions," Energies, MDPI, vol. 14(23), pages 1-21, November.
    6. Fatih Gurcan & Ahmet Ayaz & Gonca Gokce Menekse Dalveren & Mohammad Derawi, 2023. "Business Intelligence Strategies, Best Practices, and Latest Trends: Analysis of Scientometric Data from 2003 to 2023 Using Machine Learning," Sustainability, MDPI, vol. 15(13), pages 1-23, June.
    7. Ashraf H. Salah & Amro Alzghoul, 2024. "Assessing the Moderating Role of Customer Orientation on the Impact of Business Intelligence Tools on Digital Marketing Strategy Optimization," International Review of Management and Marketing, Econjournals, vol. 14(3), pages 18-25, May.
    8. Hussien Mohamad Alakrash & Norizan Abdul Razak, 2021. "Technology-Based Language Learning: Investigation of Digital Technology and Digital Literacy," Sustainability, MDPI, vol. 13(21), pages 1-17, November.

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