Transforming Operations: A Comprehensive Analysis of Industry 4.0 Technologies in Operations Management

Abstract

In the introductory part of this paper, we provide a brief overview of the research subject matter, research topic, research problem, thesis topic, research questions, and disposition of this paper. Background Industry 4.0 brings about a major transformation in automotive manufacturing. It is characterized by the use of advanced information analytics, networked machines, and digitalization within organizations. In addition, it is characterized by the integration of internet technologies with forward-looking technologies in the domain of "smart" objects. However, there is no single definition of the term "industry 4.0" in the literature, which restricts theory building and the comparability of research. However, Lasi (2014) argues that industry 4-0 is a "new paradigm shift" in industrial production because of the advanced digitalisation within factories. A paradigm shift is a significant change that occurs when the normal way of thinking or doing something changes to something new and different. In industry 4-0, emerging technologies integrate with each other to bring about a change in manufacturing processes.