INTEGRATING INDUSTRIE 4.0 AND MANAGEMENT INFORMATION SYSTEMS FOR IMPROVED DECISION-MAKING EFFECTIVENESS IN MODERN ORGANIZATIONS
Abstract
Integration of Industrie 4.0 technologies with the Management Information Systems (MIS) has become a vital approach to improving effectiveness of the decision-making process in modern organizations. Cyber physical systems, the internet of things (IoT), big data, and artificial intelligence (AI) are the tools for companies of Industrie 4.0, which means that they can collect, analyze and use real time data. This fusion is used to provide a dynamic approach to solve the complex business challenges when combined with MIS (systems to manage and process information for decision making). In this paper, the synergies between Industrie 4.0 technologies and MIS are explored and the role that together play in enhancing operational efficiency, strategic decision making, and improving competitiveness is addressed. Widely used converged real time data analytics, automated system and predict model allow managers to make fast and accurate data driven decisions, leading to innovation and responsiveness in a fast evolving business environment. Additionally, this integration enables the optimisation of a chain’s supply chains, production processes and customer interactions in an overall consistent approach to sustainable growth. System integration, data security, workforce adaptation are also addressed. These findings illuminate the transformation capacity of coupling the Industrie 4.0 and MIS, implying the spurious necessity for organizations to maintain competitive advantage in the digital age through the integration of the Industrie 4.0 with MIS.