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Analysis of the use of industry 4.0 technologies as competitive advantage
[Análisis del uso de las tecnologías de la industria 4.0 como ventaja competitiva]

Author

Listed:
  • León García, Omar Alexánder

    (Compensar Fundación Universitaria (Colombia))

  • Madinabeitia, Damián

    (Mondragón Unibertsitatea (España))

Abstract

Industry 4.0 was born amid a technological breakthrough and development which set information out to become a valuable element in strengthening competitive advantages and innovation processes to improve organizations productivity performance. For this, the scientific and business community is debating the negative and positive effects of these technologies and their relationship with business management, in the search for sustainable solutions for organizations. In this sense, the main purpose of this article is to identify the perceptions of SME managers in Colombia on the importance of implementing information technologies to promote competitive advantages that match the pace of industry 4.0. The research method used in the study was analysed by sampling using the questionnaire as a data collection tool. 75 managers provided complete and useful answers to this research. The collected data were analysed using different regression models were carried out; showing like principal results that a greater use of these technologies generates a positive impact on the competitive ad-vantage related to price/cost, quality, delivery reliability, product innovation and time to market. Statistical Package for the Social Sciences (SPSS) was used to the analysis.

Suggested Citation

  • León García, Omar Alexánder & Madinabeitia, Damián, 2023. "Analysis of the use of industry 4.0 technologies as competitive advantage [Análisis del uso de las tecnologías de la industria 4.0 como ventaja competitiva]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 35(1), pages 16-33, June.
    • Handle: RePEc:pab:rmcpee:v:35:y:2023:i:1:p:16-33
    DOI: https://doi.org/10.46661/revmetodoscuanteconempresa.6311
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    More about this item

    Keywords

    Industry 4.0; technology; competitive advantage; business performance; industria 4.0; tecnología; ventaja competitiva; rendimiento empresarial;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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