Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia

Mansoor Ahmed Soomro; Mohd Hizam-Hanafiah; Nor Liza Abdullah; Mohd Helmi Ali; Muhammad Shahar Jusoh

doi:10.3390/admsci11020056

Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia

Mansoor Ahmed Soomro, Mohd Hizam-Hanafiah, Nor Liza Abdullah, Mohd Helmi Ali, Muhammad Shahar Jusoh

TUIBS Leadership, Management & Human Resources

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Abstract

Industry 4.0 has the potential to cause both evolutionary (operational) and revolutionary (strategic) changes, but assessing the readiness of companies towards Industry 4.0 has largely been a challenge. Industry 4.0 readiness is also important as it is the first step for companies that want to adopt Industry 4.0 technologies. This paper pilot surveys 100 technology companies in Malaysia to understand their overall readiness towards Industry 4.0. In particular, this research paper contributes to the assessment of Industry 4.0 readiness in terms of seven key areas: (i) Market pressure, (ii) risk-taking, (iii) knowledge, (iv) management support, (v) competencies, (vi) motivation and (vii) freedom. These findings can act as stepping stones for managers and companies that are aiming towards the implementation of Industry 4.0 readiness

Original language	English
Article number	56
Journal	Administrative Sciences
Volume	11
Issue number	2
DOIs	https://doi.org/10.3390/admsci11020056
Publication status	Published - 27 May 2021

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abstract = "Industry 4.0 has the potential to cause both evolutionary (operational) and revolutionary (strategic) changes, but assessing the readiness of companies towards Industry 4.0 has largely been a challenge. Industry 4.0 readiness is also important as it is the first step for companies that want to adopt Industry 4.0 technologies. This paper pilot surveys 100 technology companies in Malaysia to understand their overall readiness towards Industry 4.0. In particular, this research paper contributes to the assessment of Industry 4.0 readiness in terms of seven key areas: (i) Market pressure, (ii) risk-taking, (iii) knowledge, (iv) management support, (v) competencies, (vi) motivation and (vii) freedom. These findings can act as stepping stones for managers and companies that are aiming towards the implementation of Industry 4.0 readiness",

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Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia

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