Sustainable Industrial Value Creation: Benefits and Challenges of Industry 4.0

Conference contribution
(Conference Contribution)


Publication Details

Author(s): Kiel D, Müller J, Arnold C, Voigt KI
Editor(s): International Society for Professional Innovation Management (ISPIM)
Publication year: 2017
Conference Proceedings Title: Proceedings of the 28th International Society for Professional Innovation Management (ISPIM) Conference
Language: English


Abstract

The Industrial Internet of Things (IIoT) poses several implications on manufacturers in terms of economic, ecological, and social aspects referring to the Triple Bottom Line (TBL) of sustainable value creation. Due to its technical core, current research focused on its technical fundamentals, whereas the economic discussion is still in its infancy. This article aims at painting a comprehensive and structured picture of IIoT-related economic, ecological, and social benefits and challenges. For this purpose, we employ an exploratory multiple case study approach based on semi-structured expert interviews in 46 manufacturing companies from three leading German industries. Our study contributes to the sparse body of scientific IIoT literature by analyzing the IIoT’s implications according to the TBL. We show that, in order to qualify for sustainable industrial value creation, the IIoT requires an extension of the established TBL by three further dimensions, i.e., technical integration, data and information, and public context.


FAU Authors / FAU Editors

Arnold, Christian
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management
Kiel, Daniel
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management
Müller, Julian
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management
Voigt, Kai-Ingo Prof. Dr.
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management


How to cite

APA:
Kiel, D., Müller, J., Arnold, C., & Voigt, K.-I. (2017). Sustainable Industrial Value Creation: Benefits and Challenges of Industry 4.0. In International Society for Professional Innovation Management (ISPIM) (Eds.), Proceedings of the 28th International Society for Professional Innovation Management (ISPIM) Conference. Vienna, AT.

MLA:
Kiel, Daniel, et al. "Sustainable Industrial Value Creation: Benefits and Challenges of Industry 4.0." Proceedings of the 28th International Society for Professional Innovation Management (ISPIM) Conference, Vienna Ed. International Society for Professional Innovation Management (ISPIM), 2017.

BibTeX: 

Last updated on 2018-11-08 at 02:39