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Cognitive Automation, Big Data-driven Manufacturing, and Sustainable Industrial Value Creation in Internet of Things-based Real-Time Production Logistics

Cognitive Automation, Big Data-driven Manufacturing, and Sustainable Industrial Value Creation in Internet of Things-based Real-Time Production Logistics

ABSTRACT. Employing recent research results covering Internet of Things-based real-time production logistics, and building our argument by drawing on data collected from BCG, CompTIA, Deloitte, IW Custom Research, Kronos, McKinsey, PAC, PwC, and Software AG, we performed analyses and made estimates regarding the link between cognitive automation, big data-driven manufacturing, and sustainable industrial value creation. Structural equation modeling was used to analyze the collected data.
JEL Codes: E24; J21; J54; J64

Keywords: cognitive automation; big data-driven manufacturing; Internet of Things

How to cite: Keane, E., Zvarikova, K., and Rowland, Z. (2020). “Cognitive Automation, Big Data-driven Manufacturing, and Sustainable Industrial Value Creation in Internet of Things-based Real-Time Production Logistics,” Economics, Management, and Financial Markets 15(4): 39–48. doi:10.22381/EMFM15420204

Received 5 October 2020 • Received in revised form 10 December 2020
Accepted 12 December 2020 • Available online 16 December 2020

Eliot Keane
eliot.keane@aa-er.org
The Big Data Algorithmic Analytics Laboratory
at ISBDA, London, England
(corresponding author)
Katarina Zvarikova
katarina.zvarikova@fpedas.uniza.sk
Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Zilina, Slovak Republic
Zuzana Rowland
rowland@mail.vstecb.cz
The Institute of Technology and Business in Ceske Budejovice,
The School of Expertness and Valuation, Czech Republic