Harnessing Business Analytics in Management Information Systems to Foster Sustainable Economic Growth Through Smart Manufacturing and Industry 4.0

Abstract

This paper aims to review and analyze the connection between Business analytics and  Management Information Systems  in the Industry 4.0. The ability to facilitate decision-making and foster a sustainable intelligent environment in smart manufacturing companies. Industry 4.0 has brought the biggest change in the manufacturing industries today by providing more efficiency and sustainability. Launching Management Information Systems and business analytics, business intelligence is a key strategic tool that enables sustainable economic growth by improving an organization’s efficiency and cutting down on unnecessary spending. Examining the supply and demand of Management Information Systems and the effects of business analytics to support and accelerate sustainable economic growth. The research included case analysis of smart manufacturing firms and qualitative surveys with industry specialists. A real-time system environment was developed for manufacturing IoT innovative systems, with specific applications of predictive and prescriptive models. The sustainability and analysis capabilities of the Management Information Systems platforms are assessed. The study concludes that incorporating business analytics in smart manufacturing together with Management Information Systems offers a substantial enhancement to the economy’s sustainability. This is accomplished by improving resource use, reducing the output of waste, and using big data analysis for innovation. The study emphasizes how different Industry 4.0 technologies integrated into a proper Management Information Systems framework led to the development of a sustainable manufacturing environment. These aspects provide important information for any company that would like to integrate its performance goals with the general economic and environmental goals.