Journal
INDUSTRIAL AND CORPORATE CHANGE
Volume 30, Issue 1, Pages 161-188Publisher
OXFORD UNIV PRESS
DOI: 10.1093/icc/dtaa060
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Funding
- European Union Horizon 2020 research and innovation programme [822781]
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Technological revolutions bring profound transformations in socio-economic systems, with general-purpose technologies playing a key role. This article provides an in-depth examination of the technologies underpinning the factory of the future as profiled by the Industry 4.0 paradigm. Future research should focus on key themes for industrial structural change.
Technological revolutions mark profound transformations in socio-economic systems. They are associated with the development and diffusion of general-purpose technologies (GPTs) that display very high degrees of pervasiveness, dynamism and complementarity. This article provides an in-depth examination of the technologies underpinning the factory of the future as profiled by the Industry 4.0 paradigm. It contains an exploratory comparative analysis of the technological bases and the emergent patterns of development of Internet of Things, big data, cloud, robotics, artificial intelligence, and additive manufacturing. We qualify the enabling nature of these technologies. We then test whether, taken together and individually, they display the characteristics of generality, originality, and longevity associated with GPTs. Finally, we discuss key themes for future research on this topic from an industrial structural change perspective.
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