ABSTRACT. This article presents an empirical study carried out to evaluate and analyze cyber-physical system-based smart factories. Building my argument by drawing on data collected from Accenture, Capgemini, Catapult, Deloitte, Forrester, Globant, MHI, PwC, and ZDNet, I performed analyses and made estimates regarding the link between big data-driven decision-making processes, Industry 4.0 wireless networks, and digitized mass production. Data collected from 4,600 respondents are tested against the research model by using structural equation modeling.
JEL Codes: E24; J21; J54; J64

Keywords: big data; Industry 4.0; cyber-physical system; smart factory

How to cite: Hyers, D. (2020). “Big Data-driven Decision-Making Processes, Industry 4.0 Wireless Networks, and Digitized Mass Production in Cyber-Physical System-based Smart Factories,” Economics, Management, and Financial Markets 15(4): 19–28. doi:10.22381/EMFM15420202

Received 2 October 2020 • Received in revised form 12 December 2020
Accepted 14 December 2020 • Available online 17 December 2020

Douglas Hyers
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The Center for Big Data-driven
Algorithmic Decision-Making at AAER, Perth, Australia

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