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The Universal Dimensions of Industry 4.0 Maturity Models from the Business Informatics Perspective

Proceeding: 7th International Conference Innovation Management, Entrepreneurship and Sustainability (IMES 2019) (IMES)

Publication Date:

Authors : ;

Page : 820-833

Keywords : Industry 4.0 maturity model; strategy; business informatics; balanced score card;

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This paper is focused on the identified gaps in the Industry 4.0 maturity models forassessment of companies and enterprises readiness. The main output of this paper is a discussionof these gaps, identification of possible causes and solutions, and their integration into the conceptof IT management paradigm for Industry 4.0. Design/methodology/approach: The literature review has a goal to identify the actual situationand solutions for the identified gaps in the areas as economic management, corporate governance,leadership, management, and education. As the following step, the inputs from the literature reviewwere used for adaption of modern management methods which can be used within businessinformatics in the context of Industry 4.0. Findings: The concept of Industry 4.0 requires significant changes in the concepts of managementand governance of business informatics and its surrounding environment. It is needed thetransformation of the relationship from dependency to the regular partnership between businessinformatics and its organization and enabling of the innovative culture. Research/practical implications: The proposed concept is relevant for responsible decision-makers and leaders in the organizations which consider the implementation of Industry 4.0concepts. It helps with the identification of new perspectives to the existing relationships and howto adapt the business informatics to the Industry 4.0 concept. Originality/value: Another concept with a similar aim of focus is not available yet. Based on gapsin the Industry 4.0 maturity models, it provides a new approach to issues which are constantlygetting higher importance. These issues require multidisciplinary solutions and possible way isprovided in this paper in a form of the new concept of IT management paradigm.

Last modified: 2020-06-06 15:36:20