Patterns and drivers of Industry 4.0 technology adoption in SMEs

Fei Yu*, Tim Schweisfurth, David Grube Hansen

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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.
Original languageEnglish
Title of host publication20th International CINet Conference
PublisherContinuous Innovation Network
Publication date2019
ISBN (Electronic)978-90-77360-21-7
Publication statusPublished - 2019
Event20th International CINet Conference: Innovating in an era of continuous disruption - Denmark, Odense, Denmark
Duration: 8. Sep 201910. Sep 2019
http://www.continuous-innovation.net/events/conferences/2019.html#0

Conference

Conference20th International CINet Conference
LocationDenmark
CountryDenmark
CityOdense
Period08/09/201910/09/2019
Internet address

Fingerprint Dive into the research topics of 'Patterns and drivers of Industry 4.0 technology adoption in SMEs'. Together they form a unique fingerprint.

Cite this