Business Intelligence: Business Evolution after Industry 4.0

Carlos Andrés Tavera Romero, Jesús Hamilton Ortiz, Osamah Ibrahim Khalaf and Andrea Ríos Prado
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Carlos Andrés Tavera Romero: COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia
Jesús Hamilton Ortiz: Closemobile R&D Telecommunications LS, 28070 Madrid, Spain
Osamah Ibrahim Khalaf: Al-Nahrain Nanorenewable Energy Research Center, Al-Nahrain University, Baghdad 10001, Iraq
Andrea Ríos Prado: COMBA R&D Laboratory, Faculty of Engineering, Universidad Santiago de Cali, Cali 76001, Colombia

Sustainability, 2021, vol. 13, issue 18, 1-13

Abstract: Industry 4.0 is a set of technologies that companies require to promote innovation strategies and obtain a rapid response in dynamic markets. It focuses mainly on interconnectivity, digital technology, predictive analytics and machine learning to revolutionize the way companies operate and develop. Therefore, this article proposes and motivates the implementation of Industry 4.0 in organizations. Studying the state of the art and reviewing the current situation of business intelligence (BI) technology, the way it has positively impacted organizations at the economic and business level in terms of decision-making and some success stories implemented in different business, academic, social and governmental environments. Moreover, it addresses the future expected for Industry 4.0 primarily in BI and how companies should face this revolution. This article provides knowledge contribution about the current state and positive consequences of Industry 4.0, and high development in technology when implemented in the organization and the harmonization between production and intelligent digital technology.

Keywords: big data; business intelligence; industry 4.0; data analysis; digital transformation; internet of things (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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