Challenges of Industry 4.0 for Companies in Emerging Economies: Some Inputs for the Research

Authors

Keywords:

New technologies, business world, Industry 4.0

Abstract

New technologies are revolutionizing the business world, such as the Internet of Things, cloud computing, data analytics, big data, robotics, and artificial intelligence. With their developments and “smart” applications, these technologies are named Industry 4.0. Industry 4.0 is creating smart factories and companies endowed with higher operational efficiency and flexibility, a higher level and speed of production, better product quality, generating increased sales, cost reduction, and higher business performance (Szász et al., 2020; Duman & Akdemir, 2021). Benefits are enhanced when operational data and technological developments are combined with suppliers and customers, moving towards a smart value chain.

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Author Biography

Cristian Geldes, Facultad de Economía y Negocios Universidad Alberto Hurtado

Cristian Geldes is an Associate Professor at the Faculty of Economics and Business at Universidad Alberto Hurtado. He holds a Phd and a Master in Management from Universidad Adolfo Ibañez (AACSB). His research interests are in strategy, innovation, and sustainability. He has published in journals such as Technovation, Industrial Marketing Management, Journal of Business Research, and Technological Forecasting and Social Change.

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Published

2023-10-25

How to Cite

Geldes, C. (2023). Challenges of Industry 4.0 for Companies in Emerging Economies: Some Inputs for the Research. Journal of Technology Management & Innovation, 18(3), 3–4. Retrieved from https://www.jotmi.org/index.php/GT/article/view/4327

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Section

Editorial

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