Business research on Industry 4.0: a systematic review using topic modelling approach

Md Nazrul Islam (), Md Mofazzal Hossain () and Md Shafayet Shahed Ornob ()
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Md Nazrul Islam: Shahjalal University of Science and Technology
Md Mofazzal Hossain: Shahjalal University of Science and Technology
Md Shafayet Shahed Ornob: Shahjalal University of Science and Technology

Future Business Journal, 2024, vol. 10, issue 1, 1-15

Abstract: Abstract The number of theoretical and empirical literature on Industry 4.0 research has seen tremendous growth over the past few years. We seek to identify and classify the popular research topics published on Industry 4.0 in business and economics literature using a novel approach. First, we performed a co-occurrence analysis and found Industry 4.0 to have the strongest connection with innovation, implying the indispensability of innovation for the fourth industrial revolution. Further, we employed LDA-based topic modelling to identify the most frequent terms and labelled eight different topics based on the quantitative value of each term. Finally, we reviewed the relevant literature for each topic identified through the topic modelling process. Our literature review reveals that the concentration of existing literature is model-focussed. This study provides quantitative evidence of frequent occurrences of popular terms. We conclude that future studies should focus more on empirical measurement of the benefits of transiting towards the fourth industrial revolution.

Keywords: Industry 4.0; Fourth industrial revolution; Topic modelling; Systematic literature review; Bibliometric analysis (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1186/s43093-024-00398-2

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