ABSTRACT. Despite the relevance of Industry 4.0-based manufacturing systems, only limited research has been conducted on this topic. Using and replicating data from Accenture, Deloitte, MHI, PwC, and SME, I performed analyses and made estimates regarding the relationship between cyber-physical production networks, artificial intelligence-based decision-making algorithms, and big data-driven innovation. The results of a study based on data collected from 3,800 respondents provide support for my research model. Using the structural equation modeling, I gathered and analyzed data through a self-administrated questionnaire.
JEL Codes: E24; J21; J54; J64

Keywords: Industry 4.0; big data; manufacturing system; artificial intelligence

How to cite: Davidson, R. (2020). “Cyber-Physical Production Networks, Artificial Intelligence-based Decision-Making Algorithms, and Big Data-driven Innovation in Industry 4.0-based Manufacturing Systems,” Economics, Management, and Financial Markets 15(3): 16–22. doi:10.22381/EMFM15320202

Received 6 July 2020 • Received in revised form 4 September 2020
Accepted 7 September 2020 • Available online 9 September 2020