Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia
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...
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doaj-4da89f059647445d9578ad6b13efc3b72021-06-01T01:15:39ZengMDPI AGAdministrative Sciences2076-33872021-05-0111565610.3390/admsci11020056Industry 4.0 Readiness of Technology Companies: A Pilot Study from MalaysiaMansoor Ahmed Soomro0Mohd Hizam-Hanafiah1Nor Liza Abdullah2Mohd Helmi Ali3Muhammad Shahar Jusoh4Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, MalaysiaFaculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, MalaysiaFaculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, MalaysiaFaculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, MalaysiaFaculty of Applied and Human Sciences, Universiti Malaysia Perlis, Kangar 01000, Perlis, MalaysiaIndustry 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.https://www.mdpi.com/2076-3387/11/2/56Industry 4.0 readinessfourth industrial revolutiondigital transformationtechnology companies |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mansoor Ahmed Soomro Mohd Hizam-Hanafiah Nor Liza Abdullah Mohd Helmi Ali Muhammad Shahar Jusoh |
spellingShingle |
Mansoor Ahmed Soomro Mohd Hizam-Hanafiah Nor Liza Abdullah Mohd Helmi Ali Muhammad Shahar Jusoh Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia Administrative Sciences Industry 4.0 readiness fourth industrial revolution digital transformation technology companies |
author_facet |
Mansoor Ahmed Soomro Mohd Hizam-Hanafiah Nor Liza Abdullah Mohd Helmi Ali Muhammad Shahar Jusoh |
author_sort |
Mansoor Ahmed Soomro |
title |
Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia |
title_short |
Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia |
title_full |
Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia |
title_fullStr |
Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia |
title_full_unstemmed |
Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia |
title_sort |
industry 4.0 readiness of technology companies: a pilot study from malaysia |
publisher |
MDPI AG |
series |
Administrative Sciences |
issn |
2076-3387 |
publishDate |
2021-05-01 |
description |
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. |
topic |
Industry 4.0 readiness fourth industrial revolution digital transformation technology companies |
url |
https://www.mdpi.com/2076-3387/11/2/56 |
work_keys_str_mv |
AT mansoorahmedsoomro industry40readinessoftechnologycompaniesapilotstudyfrommalaysia AT mohdhizamhanafiah industry40readinessoftechnologycompaniesapilotstudyfrommalaysia AT norlizaabdullah industry40readinessoftechnologycompaniesapilotstudyfrommalaysia AT mohdhelmiali industry40readinessoftechnologycompaniesapilotstudyfrommalaysia AT muhammadshaharjusoh industry40readinessoftechnologycompaniesapilotstudyfrommalaysia |
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1721412750562820096 |