Study Of Role Of Digitization In Sustainable Business In Auto Industry In India Using Thematic Content Analysis, Spearman Analysis And Review Of Literature.

Prakash D Wagh, Et Al

doi:10.17762/turcomat.v12i4.534

Abstract

Progress in digital technologies and Cyber physical technologies in last one decade has created immense opportunities for business firms and companies to adopt sustainable practices in their end to end business cycle. This is helping business to conserve the various resources like energy, material ,manual efforts, water and contributing to lower cost of goods sold ,ultimately making the balance sheet and profit and loss account green and healthy. The consumer and NGO pressures , Government rules and regulations and depleting resources is also acting as a trigger for businesses to adopt sustainability. Digitization is helping companies in achieving the sustainability aspect in their operations ,supply chain and other parts of the business. This paper is based on the interaction and interviews with 40 business leaders from Automobile industry in India during the last 2 years and literature study of digitization and sustainability goals and other related research articles. The interview output was analyzed using thematic sematic analysis (TMC) and collaborated with finding from review of literate. The study concluded that there is enough positive and significant relationship between Digitization and sustainability ( Sustainable business) in Auto industry in India.

Highlights

Monotonically decreasingWhen the ‘x’ variable increases but the ‘y’ variable never increases 3
Preface : in 1990’s we saw emergence of Business process reengineering (BPR), Just in time (JIT),Kanban,Total productive maintenance and kaizen as some of the leading business or enterprise wise business initiatives
Progress in digital technologies and Cyber physical technologies in last one decade has created immense opportunities for business firms and companies to adopt sustainable practices in their end to end business cycle. This is helping business to conserve the various resources like energy, material,manual efforts, water and contributing to lower cost of goods sold, making the balance sheet and profit and loss account green and healthy

Summary

Monotonically decreasing

When the ‘x’ variable increases but the ‘y’ variable never increases 3. They have suggested a comprehensive approach wherein all the related new digital technologies are evaluated with respect it impacts and correlation with sustainability in manufacturing and logistics They pinpointed that the approach should consider all the three tenants of sustainability environmental ,social and financials and a need to balance all these three. The solution provided took care of conservation aspects of the sustainability in the day today operations in designing and implementing the system Based on this the authors developed a structured framework while using information or digital systems which can help companies to adopt sustainable practices in most of their operations. The suggested framework included awareness and understanding of the current and incoming environmental requirements , developing ecofriendly and employee friendly standard practices or operating processes , Conceptualize, design and implement any digital information systems on the basis of above two requirements and last point was regarding successful execution of these software’s to adopt sustainability. The review of literature suggests a significant and positive correlation ship between sustainability and digitization

C Digitization

Findings

D Square