
Sustainability index
Eco-efficiency is the result of 4th Industrial Revolution (4IR) technologies that, when directed to solve business problems, simultaneously increase productivity and sustainability. This concept of efficiency has three dimensions. First, it involves digital technology that enables information actions throughout production and the end-to-end value chain. Second, it demonstrates measurable improvements in performance indicators including cost, agility, convenience, and quality. Finally, it increases sustainability benefits by reducing consumption, resource waste, and greenhouse gas emissions.
The fourth industrial revolution has led to extensive changes in production processes and manufacturing of products. Industry 4.0 technological innovations include: physical cyber systems, Internet of Things, artificial intelligence, big data analysis and digital twins, which increase the competitiveness and efficiency of production processes through the expansion of automatic and digital production processes. In this process, production sustainability is the core of the business strategy, which focuses on smart manufacturing, energy efficient methods and sustainable industrialization with the help of 4IR technologies in production practices.
The key indicators of sustainability are:
Agility and customer focus
Supply chain flexibility
Speed and productivity
Environmentally friendly