Business research on Industry 4.0: a systematic review using topic modelling approach

Abstract The number of theoretical and empirical literature on Industry 4.0 research has seen tremendous growth over the past few years. We seek to identify and classify the popular research topics published on Industry 4.0 in business and economics literature using a novel approach. First, we perfo...

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Main Authors: Md Nazrul Islam, Md Mofazzal Hossain, Md Shafayet Shahed Ornob
Format: Article
Language:English
Published: SpringerOpen 2024-11-01
Series:Future Business Journal
Subjects:
Online Access:https://doi.org/10.1186/s43093-024-00398-2
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author Md Nazrul Islam
Md Mofazzal Hossain
Md Shafayet Shahed Ornob
author_facet Md Nazrul Islam
Md Mofazzal Hossain
Md Shafayet Shahed Ornob
author_sort Md Nazrul Islam
collection DOAJ
description Abstract The number of theoretical and empirical literature on Industry 4.0 research has seen tremendous growth over the past few years. We seek to identify and classify the popular research topics published on Industry 4.0 in business and economics literature using a novel approach. First, we performed a co-occurrence analysis and found Industry 4.0 to have the strongest connection with innovation, implying the indispensability of innovation for the fourth industrial revolution. Further, we employed LDA-based topic modelling to identify the most frequent terms and labelled eight different topics based on the quantitative value of each term. Finally, we reviewed the relevant literature for each topic identified through the topic modelling process. Our literature review reveals that the concentration of existing literature is model-focussed. This study provides quantitative evidence of frequent occurrences of popular terms. We conclude that future studies should focus more on empirical measurement of the benefits of transiting towards the fourth industrial revolution.
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publishDate 2024-11-01
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series Future Business Journal
spelling doaj-art-96bfe7c24bce4419a8bc73181513e5612025-08-20T02:32:08ZengSpringerOpenFuture Business Journal2314-72022314-72102024-11-0110111510.1186/s43093-024-00398-2Business research on Industry 4.0: a systematic review using topic modelling approachMd Nazrul Islam0Md Mofazzal Hossain1Md Shafayet Shahed Ornob2Department of Business Administration, Shahjalal University of Science and TechnologyDepartment of Business Administration, Shahjalal University of Science and TechnologyDepartment of Business Administration, Shahjalal University of Science and TechnologyAbstract The number of theoretical and empirical literature on Industry 4.0 research has seen tremendous growth over the past few years. We seek to identify and classify the popular research topics published on Industry 4.0 in business and economics literature using a novel approach. First, we performed a co-occurrence analysis and found Industry 4.0 to have the strongest connection with innovation, implying the indispensability of innovation for the fourth industrial revolution. Further, we employed LDA-based topic modelling to identify the most frequent terms and labelled eight different topics based on the quantitative value of each term. Finally, we reviewed the relevant literature for each topic identified through the topic modelling process. Our literature review reveals that the concentration of existing literature is model-focussed. This study provides quantitative evidence of frequent occurrences of popular terms. We conclude that future studies should focus more on empirical measurement of the benefits of transiting towards the fourth industrial revolution.https://doi.org/10.1186/s43093-024-00398-2Industry 4.0Fourth industrial revolutionTopic modellingSystematic literature reviewBibliometric analysis
spellingShingle Md Nazrul Islam
Md Mofazzal Hossain
Md Shafayet Shahed Ornob
Business research on Industry 4.0: a systematic review using topic modelling approach
Future Business Journal
Industry 4.0
Fourth industrial revolution
Topic modelling
Systematic literature review
Bibliometric analysis
title Business research on Industry 4.0: a systematic review using topic modelling approach
title_full Business research on Industry 4.0: a systematic review using topic modelling approach
title_fullStr Business research on Industry 4.0: a systematic review using topic modelling approach
title_full_unstemmed Business research on Industry 4.0: a systematic review using topic modelling approach
title_short Business research on Industry 4.0: a systematic review using topic modelling approach
title_sort business research on industry 4 0 a systematic review using topic modelling approach
topic Industry 4.0
Fourth industrial revolution
Topic modelling
Systematic literature review
Bibliometric analysis
url https://doi.org/10.1186/s43093-024-00398-2
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