Conference contribution


Sustainable Industrial Value Creation: Benefits and Challenges of Industry 4.0


Publication Details
Author(s): Kiel D, Müller J, Arnold C, Voigt KI
Publication year: 2017

Event details
Event: International Society for Professional Innovation Management (ISPIM)
Event location: Vienna
Start date of the event: 18/06/2017
End date of the event: 21/06/2017

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.



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. Vienna, AT.

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

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Last updated on 2017-11-18 at 02:59
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