Embracing Industry 4.0: Empirical Insights from Malaysia
| Autor: | Muhammad Shahar Jusoh, Mohd Hizam-Hanafiah, Mohd Helmi Ali, Mansoor Ahmed Soomro, Nor Liza Abdullah |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
leadership
0209 industrial biotechnology Knowledge management Industry 4.0 Computer Networks and Communications Emerging technologies 02 engineering and technology Information technology 020901 industrial engineering & automation Leverage (negotiation) 0502 economics and business Industry 4.0 readiness Productivity fourth industrial revolution Pace business.industry Communication 05 social sciences Industry 4.0 technologies Digital transformation T58.5-58.64 innovation Human-Computer Interaction Enabling Business strategy Digital Revolution 050203 business & management |
| Zdroj: | Informatics, Vol 8, Iss 30, p 30 (2021) Informatics Volume 8 Issue 2 |
| ISSN: | 2227-9709 |
| Popis: | Industry 4.0 revolution, with its cutting-edge technologies, is an enabler for businesses, particularly in reducing the cost and improving the productivity. However, a large number of organizations are still too in their infancy to leverage the true potential of Industry 4.0 and its technologies. This paper takes a quantitative approach to reveal key insights from the companies that have implemented Industry 4.0 technologies. For this purpose, 238 technology companies in Malaysia were studied through a survey questionnaire. As technology companies are usually the first in line to adopt new technologies, they can be studied better as leaders in adopting the latest technologies. The findings of this descriptive study surfaced an array of insights in terms of Industry 4.0 readiness, Industry 4.0 technologies, leadership, strategy, and innovation. This research paper contributes by providing 10 key empirical insights on Industry 4.0 that can be utilized by managers to pace up their efforts towards digital transformation, and can help the policymakers in drafting the right policy to drive the digital revolution. |
| Databáze: | OpenAIRE |
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