Sustainable Industrial Value Creation: Benefits and Challenges of Industry 4.0

Kiel D, Müller J, Arnold C, Voigt KI (2017)

Publication Language: English

Publication Type: Conference contribution, Conference Contribution

Publication year: 2017

Conference Proceedings Title: Proceedings of the 28th International Society for Professional Innovation Management (ISPIM) Conference

Event location: Vienna AT

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.

Authors with CRIS profile

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

Related research project(s)

Sustainable Smart Industry (SSI) Jan. 1, 2017 - Dec. 31, 2019

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.

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