4Ir technologies for business modelling and optimisation

Medoh Chuks, Arnesh Telukdarie

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Contemporary multinationals are increasingly developing innovative opportunities for enhancing business systems and ensuring sustainability. The Fourth Industrial Revolutions (4IR) presents significant advancements for digitalisation, real-time predictive enablement, and optimised business process execution. Cyber-Physical Systems (CPS) is considered an emerging 4IR technology. CPS is effective for business integration, predicting data, real-time visualization, and the ability to model a business in real-time. This paper present insights on Business Process Optimisation Models (BPOMs), with emphasis on CPS implementations. The systemic and predictive enablement of conventional BPOMs is fundamental in this paper. The research proposes and discusses a new direction for modelling and optimising a business based on the 4IR and business process science.

Original languageEnglish
Title of host publicationTowards the Digital World and Industry X.0 - Proceedings of the 29th International Conference of the International Association for Management of Technology, IAMOT 2020
EditorsLeon Pretorius, Marthinus W. Pretorius
PublisherUniversity of Pretoria
Pages308-317
Number of pages10
ISBN (Electronic)9781775921950
Publication statusPublished - 1 Sept 2020
Event29th International Conference of the International Association for Management of Technology: Towards the Digital World and Industry X.0, IAMOT 2020 - Cairo, Egypt
Duration: 13 Sept 202017 Sept 2020

Publication series

NameTowards the Digital World and Industry X.0 - Proceedings of the 29th International Conference of the International Association for Management of Technology, IAMOT 2020

Conference

Conference29th International Conference of the International Association for Management of Technology: Towards the Digital World and Industry X.0, IAMOT 2020
Country/TerritoryEgypt
CityCairo
Period13/09/2017/09/20

Keywords

  • Business process optimisation models
  • Cyber-physical systems
  • Fourth industrial revolutions
  • Multinationals
  • Sustainability

ASJC Scopus subject areas

  • Management of Technology and Innovation

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