Drivers and Barriers for Industry 4.0 Readiness and Practice: A SME Perspective with Empirical Evidence

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Abstract

The technological development is moving rapidly enabling manufacturing companies with new possibilities for digital transformations to offer products and services to current and new markets at competitive costs. Such modern technologies are, among others, discussed under the umbrella term Industry 4.0. This paper reports on the results of a questionnaire-survey of 308 small and medium-sized manufacturers about their readiness for digitalized manufacturing and their actual practice in this area. The paper provides empirical evidence for that perceived drivers for Industry 4.0 lead to increased Industry 4.0 readiness, which, in turn, leads to a higher degree of practicing Industry 4.0. The paper also finds that barriers make companies less Industry 4.0 ready but this apparently does not have any significant impact on Industry 4.0 practice. The results are of importance for companies in planning transformation processes towards digitalized processes.

Original languageEnglish
Title of host publicationProceedings of the 52nd Hawaii International Conference on System Sciences
EditorsTung X. Bui
Number of pages10
Place of PublicationHawaii
Publication date4. Jan 2019
Pages5155-5164
ISBN (Print)978-0-9981331-2-6
ISBN (Electronic)9780998133126
DOIs
Publication statusPublished - 4. Jan 2019
Event52nd Hawaii International Conference on System Sciences - Grand Wailea, Maui, United States
Duration: 8. Jan 201911. Jan 2019

Conference

Conference52nd Hawaii International Conference on System Sciences
Country/TerritoryUnited States
CityGrand Wailea, Maui
Period08/01/201911/01/2019

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