Capturing the benefits of industry 4.0: a business network perspective |
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Authors: | Andreas Schroeder Ali Ziaee Bigdeli Carlos Galera Zarco Tim Baines |
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Affiliation: | 1. Aston Business School, Aston University, Birmingham, UK;2. a.schroeder@aston.ac.uk;4. Coventry University Business School, Coventry University, Coventry, UK |
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Abstract: | AbstractThis study uses a business network perspective to investigate the industry 4.0 context with the internet of things (IoT) as its enabling technology and product-use data as its core network resource. A three-stage qualitative methodology (interviews, focus group, Delphi-based inquiry) was used to examine the case of an emergent IoT-based business network in the UK road transport industry to examine: (i) how aspects of product use data influence the benefit opportunities the data provide to the different network actors; (ii) how capturing of the benefit opportunities in a network context is impacted by key barriers; and (iii) how network capabilities can overcome these barriers to capture benefits from product-use data. The study, thereby, contributes to an understanding of the industry 4.0 context from a resource dependency theory perspective and provides concrete recommendations for management operating in this context. |
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Keywords: | Industry 4.0 industrial internet internet of things (IoT) business network resource dependence |
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