<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key performance indicators are presented as a cornerstone for industry 4.0 implementation in organizational practice, since they represent key input for needed data in digitalized organization. In that framework, the contribution first exposes some of the essential characteristics of “Industry 4.0”, followed by the methodology of key performance indicators (KPI). Next, the contribution outlined a proposed methodology for implementing KPIs in frame of Industry 4.0 adoption in organizations. Another section of the paper is dedicatd to the linkage between corporate social responsilbty and KPIs in frame of Industry 4.0. The paper also outlines implications, limitations and further research directions are outlined.</p></abstract>

The main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key performance indicators are presented as a cornerstone for industry 4.0 implementation in organizational practice, since they represent key input for needed data in digitalized organization. In that framework, the contribution first exposes some of the essential characteristics of “Industry 4.0”, followed by the methodology of key performance indicators (KPI). Next, the contribution outlined a proposed methodology for implementing KPIs in frame of Industry 4.0 adoption in organizations. Another section of the paper is dedicatd to the linkage between corporate social responsilbty and KPIs in frame of Industry 4.0. The paper also outlines implications, limitations and further research directions are outlined.

Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key...

Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective

Published Online: Oct 06, 2020

Page range: 22 - 35

Received: Mar 01, 2020

Accepted: Aug 01, 2020

DOI: https://doi.org/10.2478/ngoe-2020-0015

Keywords
Industry 4.0, key performance indicators (KPI), social responsibility

© 2020 Simona Šarotar Žižek et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective

Published Online: Oct 06, 2020

Page range: 22 - 35

Received: Mar 01, 2020

Accepted: Aug 01, 2020

DOI: https://doi.org/10.2478/ngoe-2020-0015

KeywordsIndustry 4.0, key performance indicators (KPI), social responsibility

© 2020 Simona Šarotar Žižek et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Industry 4.0, key performance indicators (KPI), social responsibility