Effective Data Utilization in the Context of Industry 4.0 Technology Integration

Abstract

We are part of the digital transformation of society and industry. The digital transformation of industry is based on new technologies brought about by the fourth industrial revolution. The Internet of Things (IoT), Cloud Computing, Cyber–Physical Systems (CPS) and Big Data provide the digital link between machines and individuals in processes. This completely new system is based on efficient data collection, data analysis and immediate interventions in organizational processes based on the results of the analysis. Smart organizations are driven by data and not by models. By working efficiently with the vast amounts of data available, the smart organizations of the future can ensure business sustainability, increase competitiveness through process optimization and reduce costs. In general, the aim of this paper was to identify the means to achieve a paradigm shift from traditional organizations to smart organizations through the use of data in the context of integrating Industry 4.0 technologies. The aim of the research was to determine the extent to which different Industry 4.0 technologies are applied in the effective use of data from specific activities/processes in industrial organizations to bring about a paradigm shift from traditional organizations to smart organizations. The first part of the paper describes the theoretical background of the transition from traditional to smart organizations using selected Industry 4.0 technologies. The second part of the paper characterizes the research objective, the methods used in the paper and the basic statistics used to determine the research questions and hypotheses. The next section evaluates the research questions and hypotheses that were used to meet the research objective. The last part of the paper is a summary of the obtained results, based on which we conclude that the primary challenge for organizations in the Slovak Republic is to learn how to work with the collected data, the need for their appropriate structuring and subsequent archiving, which is manifested by the need for training and application of data analysts in a broader context.