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Business Intelligence: Business Evolution after Industry 4.0

Author

Listed:
  • Carlos Andrés Tavera Romero

    (COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia)

  • Jesús Hamilton Ortiz

    (Closemobile R&D Telecommunications LS, 28070 Madrid, Spain)

  • Osamah Ibrahim Khalaf

    (Al-Nahrain Nanorenewable Energy Research Center, Al-Nahrain University, Baghdad 10001, Iraq)

  • Andrea Ríos Prado

    (COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia)

Abstract

Industry 4.0 is a set of technologies that companies require to promote innovation strategies and obtain a rapid response in dynamic markets. It focuses mainly on interconnectivity, digital technology, predictive analytics and machine learning to revolutionize the way companies operate and develop. Therefore, this article proposes and motivates the implementation of Industry 4.0 in organizations. Studying the state of the art and reviewing the current situation of business intelligence (BI) technology, the way it has positively impacted organizations at the economic and business level in terms of decision-making and some success stories implemented in different business, academic, social and governmental environments. Moreover, it addresses the future expected for Industry 4.0 primarily in BI and how companies should face this revolution. This article provides knowledge contribution about the current state and positive consequences of Industry 4.0, and high development in technology when implemented in the organization and the harmonization between production and intelligent digital technology.

Suggested Citation

  • Carlos Andrés Tavera Romero & Jesús Hamilton Ortiz & Osamah Ibrahim Khalaf & Andrea Ríos Prado, 2021. "Business Intelligence: Business Evolution after Industry 4.0," Sustainability, MDPI, vol. 13(18), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10026-:d:630759
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    References listed on IDEAS

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    1. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Davide Settembre-Blundo, 2018. "The Paradigms of Industry 4.0 and Circular Economy as Enabling Drivers for the Competitiveness of Businesses and Territories: The Case of an Italian Ceramic Tiles Manufacturing Company," Social Sciences, MDPI, vol. 7(12), pages 1-31, December.
    2. Federica Murmura & Laura Bravi & Gilberto Santos, 2021. "Sustainable Process and Product Innovation in the Eyewear Sector: The Role of Industry 4.0 Enabling Technologies," Sustainability, MDPI, vol. 13(1), pages 1-16, January.
    3. Muhammad Haseeb & Hafezali Iqbal Hussain & Beata Ślusarczyk & Kittisak Jermsittiparsert, 2019. "Industry 4.0: A Solution towards Technology Challenges of Sustainable Business Performance," Social Sciences, MDPI, vol. 8(5), pages 1-24, May.
    4. Sumera Ahmad & Suraya Miskon & Rana Alabdan & Iskander Tlili, 2020. "Towards Sustainable Textile and Apparel Industry: Exploring the Role of Business Intelligence Systems in the Era of Industry 4.0," Sustainability, MDPI, vol. 12(7), pages 1-23, March.
    5. Paweł Kłobukowski & Jacek Pasieczny, 2020. "Impact of Resources on the Development of Local Entrepreneurship in Industry 4.0," Sustainability, MDPI, vol. 12(24), pages 1-25, December.
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    Cited by:

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    2. Hussien Mohamad Alakrash & Norizan Abdul Razak, 2021. "Technology-Based Language Learning: Investigation of Digital Technology and Digital Literacy," Sustainability, MDPI, vol. 13(21), pages 1-17, November.
    3. Sergi, Bruno S. & Ključnikov, Aleksandr & Popkova, Elena G. & Bogoviz, Aleksei V. & Lobova, Svetlana V., 2022. "Creative abilities and digital competencies to transitioning to Business 4.0," Journal of Business Research, Elsevier, vol. 153(C), pages 401-411.
    4. Klaudia Hillebrandt-Szymanska & Dorota Piotrowska & Artur Blaszczyk & Jakub Statucki, 2023. "Strategic Insights: Navigating Business Intelligence Implementation - Phases, Tasks, and Risks: A Case Study on an International Manufacturing Company," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 865-888.
    5. Rafał Trzaska & Adam Sulich & Michał Organa & Jerzy Niemczyk & Bartosz Jasiński, 2021. "Digitalization Business Strategies in Energy Sector: Solving Problems with Uncertainty under Industry 4.0 Conditions," Energies, MDPI, vol. 14(23), pages 1-21, November.
    6. Fatih Gurcan & Ahmet Ayaz & Gonca Gokce Menekse Dalveren & Mohammad Derawi, 2023. "Business Intelligence Strategies, Best Practices, and Latest Trends: Analysis of Scientometric Data from 2003 to 2023 Using Machine Learning," Sustainability, MDPI, vol. 15(13), pages 1-23, June.

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