Abstract
Digitalization has emerged as a transformative force, reshaping traditional business models and driving socioeconomic, environmental, and governance progress. As a cornerstone of Industry 4.0, digitalization integrates tools like the Internet of Things (IoT), artificial intelligence (AI), and cloud computing, fostering innovation, agility, and efficiency. Traditional businesses, which relied on manual processes and linear models, are transitioning to digitally integrated systems to remain competitive in the fast-paced, data-driven global market. This shift enhances decision-making, streamlines workflows, and optimizes customer experiences, supported by technologies such as enterprise resource planning (ERP), business intelligence (BI), and big data analytics. Beyond businesses, digitalization impacts global economies, increasing productivity, creating jobs, and addressing societal challenges like inclusivity and access to services. Advanced technologies, including augmented reality, simulation, and mobility, further amplify its role in enabling collaboration, innovation, and sustainability. Digitalization represents a paradigm shift, driving growth and redefining the economic and social fabric of modern civilization.
| Original language | English |
|---|---|
| Title of host publication | A Research Agenda for Industry 4.0 |
| Subtitle of host publication | Design, Development and Implementation with AI |
| Publisher | Edward Elgar Publishing Ltd. |
| Pages | 1-16 |
| Number of pages | 16 |
| ISBN (Electronic) | 9781035341221 |
| ISBN (Print) | 9781035341214 |
| DOIs | |
| Publication status | Published - 1 Jan 2025 |
Keywords
- Advanced Technologies
- Business Transformation
- Digitalization
- Industry 4.0
- Innovation
- Sustainability
ASJC Scopus subject areas
- General Economics,Econometrics and Finance
- General Business,Management and Accounting
- General Computer Science