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Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0

Author

Listed:
  • DANIEL KIEL

    (Friedrich-Alexander University Erlangen-Nürnberg, Lange Gasse 20, 90403 Nürnberg, Germany)

  • JULIAN M. MÜLLER

    (Friedrich-Alexander University Erlangen-Nürnberg, Lange Gasse 20, 90403 Nürnberg, Germany)

  • CHRISTIAN ARNOLD

    (Friedrich-Alexander University Erlangen-Nürnberg, Lange Gasse 20, 90403 Nürnberg, Germany)

  • KAI-INGO VOIGT

    (Friedrich-Alexander University Erlangen-Nürnberg, Lange Gasse 20, 90403 Nürnberg, Germany)

Abstract

The Industrial Internet of Things (IIoT) poses several implications on manufacturers in terms of economic, ecological, and social aspects referring to the Triple Bottom Line (TBL) of sustainable value creation. Due to its technical core, the current research focused on its technical fundamentals, whereas the economic discussion is still in its infancy. This paper aims at painting a comprehensive and structured picture of IIoT-related economic, ecological, and social benefits and challenges. For this purpose, we employ an exploratory multiple case study approach based on semi-structured expert interviews in 46 manufacturing companies from three leading German industries. Our study contributes to the sparse body of scientific IIoT literature by analysing the IIoT’s implications according to the TBL. We show that, in order to qualify for sustainable industrial value creation, the IIoT requires an extension of the established TBL by three further dimensions, i.e., technical integration, data and information, and public context.

Suggested Citation

  • 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.
    • Handle: RePEc:wsi:ijimxx:v:21:y:2017:i:08:n:s1363919617400151
    DOI: 10.1142/S1363919617400151
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