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ABSTRACT. This article reviews and advances existing literature concerning cyber-physical systems, Internet of Things, and big data in Industry 4.0. Using and replicating data from BDO, Capgemini, eMarketer, Deloitte, the Manufacturer, McKinsey, Oracle, and PwC, I performed analyses and made estimates regarding the level of roles created due to artificial intelligence implementation (%), business areas affected by Industry 4.0 (%), greatest threats of inadequate Industry 4.0 investment (%), top challenges in changing strategy for Industry 4.0 and in implementing smart factory strategy (%), and levels of digital maturity by industry (%). Data were analyzed using structural equation modeling.
JEL codes: E24; J21; J54; J64

Keywords: cyber-physical system; Internet of Things; big data; Industry 4.0

How to cite: Plumpton, Deborah (2019). “Cyber-Physical Systems, Internet of Things, and Big Data in Industry 4.0: Digital Manufacturing Technologies, Business Process Optimization, and Sustainable Organizational Performance,” Economics, Management, and Financial Markets 14(3): 23–29. doi:10.22381/EMFM14320193

Received 16 March 2019 • Received in revised form 13 August 2019
Accepted 15 August 2019 • Available online 10 September 2019

Deborah Plumpton
This email address is being protected from spambots. You need JavaScript enabled to view it.
The Center for Cognitive Technology-driven
Automation at IISHSS, Ottawa, Canada

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