Abstract
Abstract One of the biggest challenges that organizations are facing today is finding the proper way to shape competitive advantages in the age of Industry 4.0. This digital revolution forces companies to face specific challenges. The main purpose of this paper is to identify key requirements for the creation of a competitive advantage in the age of Industry 4.0 [CA. 4.0] The second purpose is to evaluate the level of organizations' preparedness for Digital Transformation [DX]. Studies based on a literature review describe requirements for organizations functioning in the age of Industry 4.0, especially in the area of DX and exploitation of Virtualization [V&DX].
Highlights
One of the biggest challenges that organizations are facing today is finding the proper way to shape competitive advantages in the age of Industry 4.0
The main purpose of this paper is to identify key requirements for the creation of a competitive advantage in the age of Industry 4.0 [CA. 4.0]
The analysis of the 5 companies selected for the pilot study in terms of their preparedness for Industry 4.0 in 11 key areas indicates that the respondents generally feel the positive impact of carried out deployments on the dynamization of their [CA]
Summary
One of the biggest challenges that organizations are facing today is finding the proper way to shape competitive advantages in the age of Industry 4.0. It is a condition of their longterm survival in the market. The main purpose of this paper is to identify key requirements for the creation of a competitive advantage in the age of Industry 4.0 [CA. The presentation of the results of the empirical research has been preceded by the presentation of theoretical considerations concerning 1) the nature and background of the phenomenon of shaping CA 4.0, and 2) the essence and background of the phenomenon of V&DX along with its importance for the creation of CA 4.0
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