Decision making in the process of choosing and deploying industry 4.0 technologies

Abstract

Abstract Advances in the development and use of Industry 4.0 technology has resulted in it being applied in various industries. Industry 4.0 enables companies to develop their operations and improve their organizational efficiency. The process of implementing Industry 4.0 is very important, as it requires significant investment, skilled labor and state-of-the-art technology. The aim of this article is to identify the main criteria behind decision-making in choosing and implementing technology, that is part of the Industry 4.0 concept. The research method chosen for the study was a systematic literature review. The results show that the use of broad requirements tends to be predominant, using large groups of criteria that are intended to aggregate several different requirements. This review is relevant because few recent studies have been found, and therefore this article helps to identify what has been published so far on the subject of decision-making around choosing and implementing Industry 4.0 technology in organizations and what criteria and tools they base their decisions on. To date, the research has not encountered any similar work that aims to group all the information on decision-making around choosing and implementing Industry 4.0 technology.

Keywords

• Industry 4.0
• 4th Industrial Revolution
• Decision making
• Fuzzy front end