ABSTRACT. I draw on a substantial body of theoretical and empirical research on interaction networks in the production and operations environment, and using and replicating data from BCG, Deloitte, Forbes; IDC, OECD, PwC, and Statista, I performed analyses and made estimates regarding implementation of Industry 4.0 (%), industries targeted by machine learning application developers (%), workers in jobs at high and medium risk of automation (%), and spending on Internet of Things worldwide by vertical in 2015 and 2020 (in billion U.S. dollars). Structural equation modeling was used to analyze the data and test the proposed conceptual model.
JEL codes: E24; J21; J54; J64

Keywords: Internet of Things; cyber-physical system; smart factory

How to cite: Whittle, Therese (2019). “Interaction Networks in the Production and Operations Environment: Internet of Things, Cyber-Physical Systems, and Smart Factories,” Journal of Self-Governance and Management Economics 7(2): 13–18. doi:10.22381/JSME7220192

Received 8 December 2018 • Received in revised form 17 May 2019
Accepted 19 May 2019 • Available online 1 June 2019