Patterns and drivers of Industry 4.0 technology adoption in SMEs

Fei Yu*, Tim Schweisfurth, David Grube Hansen

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Publikation: Bidrag til bog/antologi/rapport/konference-proceedingKonferencebidrag i proceedingsForskningpeer review

Resumé

Industry 4.0, known as the fourth technological transformation towards digital-physical systems in manufacturing, creates disruptive impact on industry. Manufacturing firms, especially small and medium sized firms, are facing various challenges and must constantly innovate to remain competitive. Understanding what drives the adoption of I 4.0 technology is relevant since it fosters our understanding of how firms can become more innovative. This will help managers to craft technology strategies and policy makers to foster the adoption of new technologies. In this study, we investigate how technology and firm related factors affect implementation decisions of Industry 4.0 in SMEs. We use an exploratory approach by collecting data via a survey with the focus on Industry 4.0 in SMEs. The results indicate that knowledge and expected benefits of a technology drive adoption of I 4.0 technologies on technology level. They also indicate that firms with high levels of process automation and high product variance are more likely to implement I 4.0 technologies. Our study creates a better understanding of the status, challenges, and plans about Industry 4.0 adoption in SMEs, which will support the development of SME-friendly manufacturing tools and systems and craft managers’ and policy-makers’ understanding of I 4.0 technologies.
OriginalsprogEngelsk
Titel20th International CINet Conference
ForlagContinuous Innovation Network
Publikationsdato2019
ISBN (Elektronisk)978-90-77360-21-7
StatusUdgivet - 2019
Begivenhed20th International CINet Conference: Innovating in an era of continuous disruption - SDU, Odense
Varighed: 8. sep. 201910. sep. 2019

Konference

Konference20th International CINet Conference
LokationSDU
ByOdense
Periode08/09/201910/09/2019

Fingeraftryk

Small and medium-sized enterprises
Industry
Technology adoption
Manufacturing
Managers
Politicians
Technology strategy
Factors
Technology policy
Small and medium-sized firms
Manufacturing firms
Automation

Citer dette

Yu, F., Schweisfurth, T., & Grube Hansen, D. (2019). Patterns and drivers of Industry 4.0 technology adoption in SMEs. I 20th International CINet Conference Continuous Innovation Network.
Yu, Fei ; Schweisfurth, Tim ; Grube Hansen, David. / Patterns and drivers of Industry 4.0 technology adoption in SMEs. 20th International CINet Conference. Continuous Innovation Network, 2019.
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title = "Patterns and drivers of Industry 4.0 technology adoption in SMEs",
abstract = "Industry 4.0, known as the fourth technological transformation towards digital-physical systems in manufacturing, creates disruptive impact on industry. Manufacturing firms, especially small and medium sized firms, are facing various challenges and must constantly innovate to remain competitive. Understanding what drives the adoption of I 4.0 technology is relevant since it fosters our understanding of how firms can become more innovative. This will help managers to craft technology strategies and policy makers to foster the adoption of new technologies. In this study, we investigate how technology and firm related factors affect implementation decisions of Industry 4.0 in SMEs. We use an exploratory approach by collecting data via a survey with the focus on Industry 4.0 in SMEs. The results indicate that knowledge and expected benefits of a technology drive adoption of I 4.0 technologies on technology level. They also indicate that firms with high levels of process automation and high product variance are more likely to implement I 4.0 technologies. Our study creates a better understanding of the status, challenges, and plans about Industry 4.0 adoption in SMEs, which will support the development of SME-friendly manufacturing tools and systems and craft managers’ and policy-makers’ understanding of I 4.0 technologies.",
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Yu, F, Schweisfurth, T & Grube Hansen, D 2019, Patterns and drivers of Industry 4.0 technology adoption in SMEs. i 20th International CINet Conference. Continuous Innovation Network, 20th International CINet Conference, Odense, 08/09/2019.

Patterns and drivers of Industry 4.0 technology adoption in SMEs. / Yu, Fei; Schweisfurth, Tim; Grube Hansen, David.

20th International CINet Conference. Continuous Innovation Network, 2019.

Publikation: Bidrag til bog/antologi/rapport/konference-proceedingKonferencebidrag i proceedingsForskningpeer review

TY - GEN

T1 - Patterns and drivers of Industry 4.0 technology adoption in SMEs

AU - Yu, Fei

AU - Schweisfurth, Tim

AU - Grube Hansen, David

PY - 2019

Y1 - 2019

N2 - Industry 4.0, known as the fourth technological transformation towards digital-physical systems in manufacturing, creates disruptive impact on industry. Manufacturing firms, especially small and medium sized firms, are facing various challenges and must constantly innovate to remain competitive. Understanding what drives the adoption of I 4.0 technology is relevant since it fosters our understanding of how firms can become more innovative. This will help managers to craft technology strategies and policy makers to foster the adoption of new technologies. In this study, we investigate how technology and firm related factors affect implementation decisions of Industry 4.0 in SMEs. We use an exploratory approach by collecting data via a survey with the focus on Industry 4.0 in SMEs. The results indicate that knowledge and expected benefits of a technology drive adoption of I 4.0 technologies on technology level. They also indicate that firms with high levels of process automation and high product variance are more likely to implement I 4.0 technologies. Our study creates a better understanding of the status, challenges, and plans about Industry 4.0 adoption in SMEs, which will support the development of SME-friendly manufacturing tools and systems and craft managers’ and policy-makers’ understanding of I 4.0 technologies.

AB - Industry 4.0, known as the fourth technological transformation towards digital-physical systems in manufacturing, creates disruptive impact on industry. Manufacturing firms, especially small and medium sized firms, are facing various challenges and must constantly innovate to remain competitive. Understanding what drives the adoption of I 4.0 technology is relevant since it fosters our understanding of how firms can become more innovative. This will help managers to craft technology strategies and policy makers to foster the adoption of new technologies. In this study, we investigate how technology and firm related factors affect implementation decisions of Industry 4.0 in SMEs. We use an exploratory approach by collecting data via a survey with the focus on Industry 4.0 in SMEs. The results indicate that knowledge and expected benefits of a technology drive adoption of I 4.0 technologies on technology level. They also indicate that firms with high levels of process automation and high product variance are more likely to implement I 4.0 technologies. Our study creates a better understanding of the status, challenges, and plans about Industry 4.0 adoption in SMEs, which will support the development of SME-friendly manufacturing tools and systems and craft managers’ and policy-makers’ understanding of I 4.0 technologies.

M3 - Article in proceedings

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PB - Continuous Innovation Network

ER -

Yu F, Schweisfurth T, Grube Hansen D. Patterns and drivers of Industry 4.0 technology adoption in SMEs. I 20th International CINet Conference. Continuous Innovation Network. 2019