Optimizing Smart Factories: A Data-Driven Approach

Abstract

Since the first industrial revolution, the leading role of emerging technologies has been highlighted in modernizing the industry and developing the workforce. This study explores the impact of Industry 4.0 digital technologies on manufacturing competitiveness, focusing on Finnish SMEs within the EU with a sample (n = 123). It utilizes extensive 2022 European Manufacturing Survey (EMS22) data. Advanced statistical techniques reveal complex connections between automation, competitive edge on services, and innovation models, among other factors. Robust statistical methods, including component and reliability analyses, reinforced the findings. The conclusion offers critical insights and identifies areas for further research in combining innovative manufacturing practices with technology education.