ABSTRACT. Empirical evidence on sustainable Internet-of-Things-based manufacturing systems has been scarcely documented in the literature. Using and replicating data from Capgemini, DAA, IoT Analytics GmbH, The Manufacturer, McKinsey, Oracle, PwC, US BLS, and WEF, I performed analyses and made estimates regarding smart factory transformation approach taken by players in different categories (%) and drivers of technological change and time to impact on employee skills (%). Data were analyzed using structural equation modeling.
JEL codes: E24; J21; J54; J64
Keywords: Internet of Things; manufacturing system; big data; smart production
How to cite: Lafferty, Clive (2019). “Sustainable Internet-of-Things-based Manufacturing Systems: Industry 4.0 Wireless Networks, Advanced Digitalization, and Big Data-driven Smart Production,” Economics, Management, and Financial Markets 14(4): 16–22. doi:10.22381/EMFM14420192
Received 19 August 2019 • Received in revised form 7 December 2019
Accepted 8 December 2019 • Available online 15 December 2019