Towards a conceptual development of Industry 4.0, servitisation, and circular economy: a systematic literature review

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)
34 Downloads (Pure)

Abstract

Industry 4.0 (I4.0) technologies have been highlighted in recent literature as enablers of servitisation. Simultaneously, businesses are advised to implement a circular economy (CE) to bring new opportunities. However, it is pertinent to mention that little attention has been given to assess the role of I4.0 in adopting the CE and servitisation in a fully integrated manner. This research fills this gap by developing a conceptual framework through a systematic literature review of 139 studies investigating the relationship between the I4.0, CE, and servitisation. This study identifies the impact of these variables on a firm’s operational and financial performance (revenue stream, growth, and profitability). Our research findings advocate that adopting I4.0 technologies to the business and manufacturing model enables sustainability, energy and resource efficiency while enhancing performance and offering innovative products through smart services. Thus, firms must systematically adopt I4.0 technologies to support a CE model that creates value through servitisation. This study identifies the research gaps that are unexplored for practitioners and future researchers while providing insight into the role of I4.0 in implementing CE in the servitisation business model
Original languageEnglish
Article number6501
Number of pages27
JournalSustainability
Volume13
Issue number11
DOIs
Publication statusPublished - 7 Jun 2021

Keywords

  • circular economy
  • internet of things
  • Industry 4.0
  • servitisation

Fingerprint

Dive into the research topics of 'Towards a conceptual development of Industry 4.0, servitisation, and circular economy: a systematic literature review'. Together they form a unique fingerprint.

Cite this