Abstract
This study aims to identify the main pillars of Industry 4.0 which have significant roles to play in this digital transformation. To reveal these key pillars, both qualitative and quantitative analysis techniques are adopted. A well-established data-driven technique, Latent Semantic Analysis (LSA) is applied on a larger set of articles published in the conference proceedings and academic journals. Based on the results of the LSA, qualitative data analysis and through discussion with subject matter experts, we determined five inter-connected pillars of Industry 4.0, namely, ‘Smart technologies and standardisation’, ‘Smart factory’, ‘Work organisation and design’, ‘Smart city and Smart infrastructure’ and ‘Innovative business model’. The pillars revealed in the analysis will provide a greater insight to academics and practitioners working in this field around the globe. Further it will assist to transform businesses smoothly from its current state to Industry 4.0.
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