Business and technological perspectives of Industry 4.0

A framework for thinking with case illustration




Industry 4.0, technology, framework, digitalization


In the last couple of years, we have witnessed an exponentially increasing interest of academia and professionals towards Industry 4.0 (I4.0). By focusing on the firm level of I4.0, the authors propose a framework highlighting several technical (technologies and applications, design principles) and business (vision, impact on competitiveness, integration, types of innovation, maturity) perspectives of the phenomenon. Their goal is to clarify the most frequent perspectives and by using them build a thinking framework, making readers understand what I4.0 is about. While frameworks are usually elaborated
on a conceptual basis, this paper illustrates the selected perspectives and their links by an in-depth case study. A factory’s digital transformation interpreted in the framework emphasizes the importance of research design and context.


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Author Biographies

Krisztina Demeter, Corvinus University of Budapest

Full Professor

Dávid Losonci, Corvinus University of Budapest

Associate Professor


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How to Cite

Demeter, K., & Losonci, D. (2020). Business and technological perspectives of Industry 4.0: A framework for thinking with case illustration. Vezetéstudomány Budapest Management Review, 51(5), 2–14.