ABSTRACT
The following chapter is a review that aims to support the pace of change required to transform toward a next-generation operating model in an industrial setting. In light of the frameworks developed in the previous chapters, it offers a discussion on how Industry 4.0 technologies are implemented in industrial production. The first of the chapter’s three objectives is to analyze the subject through opportunities and constraints in late-industrializing economies, some of which can be found in recent Polish case studies presented herein. The second aim is to identify value creation patterns and challenges that have been present in debates on Industry 4.0’s role in energy security and sustainable industrial strategies. Third, it introduces the notions of digital twins along with this technology’s impact on transparency and traceability, blockchain applications, and data-driven decision-making across manufacturing domains, as these notions represent one of the most profound shifts in modern manufacturing. Lastly, the concluding section synthesizes insights and outlines success factors and challenges.
