SWOT analysis for smart factories

The third industrial revolution introduced automation technology to factories. Thanks to this technology, the process of automation of repetitive processes in factories began. This process is unidirectional and can be expressed as the implementation of human commands by the machines (robots, conveyors and other machines) in the factory without any modification. With the Fourth Industrial Revolution, machine and human collaboration has gained importance and the concept of smart factory has come to the fore. Smart factories have both advantages and weaknesses, opportunities and threats. This study aims to examine the advantages and opportunities, weaknesses and threats that the smart factory infrastructure can provide to businesses by using the SWOT analysis method. In this context, document analysis, one of the qualitative analysis techniques, was used in the study. The study sample consists of all documents in the references section. The snowball method was used in sample selection. As a result of the study, it was seen that the smart factory infrastructure provides great advantages to businesses. However, it is concluded that cyber security threats and unqualified employees are among the issues that need to be emphasised by businesses. This study aims to examine the advantages and opportunities, weaknesses and threats that the smart factory infrastructure can provide to businesses by using the swot analysis method. In this context, document analysis, one of the qualitative analysis techniques, was used in the study. The study sample consists of all documents in the references section. The snowball method was used in sample selection. As a result of the study, it was seen that the smart factory infrastructure provides great advantages to businesses. However, it is concluded that cyber security threats and unqualified employees are among the issues that need to be emphasised by businesses.

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Publication Details

Journal
Business Economics and Management Research Journal
Published
2024-12-29
DOI
https://doi.org/10.58308/bemarej.1566866
Primary Topic
Digital Transformation in Industry
Type
article
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article

SWOT analysis for smart factories

İsmail Yoşumaz
Business Economics and Management Research Journal
Digital Transformation in Industry
article

SWOT analysis for smart factories

İsmail Yoşumaz
article en

Abstract

The third industrial revolution introduced automation technology to factories. Thanks to this technology, the process of automation of repetitive processes in factories began. This process is unidirectional and can be expressed as the implementation of human commands by the machines (robots, conveyors and other machines) in the factory without any modification. With the Fourth Industrial Revolution, machine and human collaboration has gained importance and the concept of smart factory has come to the fore. Smart factories have both advantages and weaknesses, opportunities and threats. This study aims to examine the advantages and opportunities, weaknesses and threats that the smart factory infrastructure can provide to businesses by using the SWOT analysis method. In this context, document analysis, one of the qualitative analysis techniques, was used in the study. The study sample consists of all documents in the references section. The snowball method was used in sample selection. As a result of the study, it was seen that the smart factory infrastructure provides great advantages to businesses. However, it is concluded that cyber security threats and unqualified employees are among the issues that need to be emphasised by businesses. This study aims to examine the advantages and opportunities, weaknesses and threats that the smart factory infrastructure can provide to businesses by using the swot analysis method. In this context, document analysis, one of the qualitative analysis techniques, was used in the study. The study sample consists of all documents in the references section. The snowball method was used in sample selection. As a result of the study, it was seen that the smart factory infrastructure provides great advantages to businesses. However, it is concluded that cyber security threats and unqualified employees are among the issues that need to be emphasised by businesses.

Business Economics and Management Research JournalVol. 7(3)
Kütahya Dumlupınar Üniversitesi (TR)
Industry, innovation and infrastructure
Openalex Percentile: Top 64%
Digital Transformation in Industry
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