Driving forces and barriers of Industry 4.0: Do multinational and small and medium-sized companies have equal opportunities?

Horváth, Dóra; Szabó, Roland Z.

doi:10.1016/j.techfore.2019.05.021

Cited by 851 publications

(741 citation statements)

References 60 publications

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“…Beyond technology, financial and knowledge constraints are found to be key challenges for small and medium-sized enterprises that constitute the majority of Europe's businesses [13] and similar results are also evident in other studies [73]. In addition, other aspects such as resistance by employees or middle-management need to be considered as they hinder the adoption of Industry 4.0 [74].…”

Section: G Business Orientation and Ethicssupporting

confidence: 62%

Quo Vadis Industry 4.0? Position, Trends, and Challenges

Leitão

Pires

Karnouskos

et al. 2020

IEEE Open J. Ind. Electron. Soc.

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Industry 4.0 vision and its mandated digital transformation are radically reshaping the way business is carried out and the way overall industrial processes and collaborations are operating. In this work, the objective is to analyze the current level of adoption of Industry 4.0, via the footprint available in industrial and academic research works. The analysis performed reveals insights on how Industry 4.0 has impacted and is still influencing research and innovation in industrial systems, services, and business approaches. It also reveals pertinent trends on key enabling features, technologies and challenges associated with this 4 th industrial revolution, mainly focusing on the pathways for wider industrial adoption of Industry 4.0-compliant technologies and solutions.

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Section: G Business Orientation and Ethicssupporting

confidence: 62%

Quo Vadis Industry 4.0? Position, Trends, and Challenges

Leitão

Pires

Karnouskos

et al. 2020

IEEE Open J. Ind. Electron. Soc.

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“…In general, the findings of for instance Lobova et al (2019) indicate that more developed countries have come a longer way in terms of I4.0 implementation. Horváth and Szabó (2019) find that there are differences between large multinationals (MNCs) and small-and medium-sized enterprises (SMEs) when it comes to the readiness for I4.0 implementation, and that larger firms are more ready than their smaller counterparts.…”

Section: Adoption and Implementationmentioning

confidence: 99%

The Emergence and Rise of Industry 4.0 Viewed through the Lens of Management Fashion Theory

Madsen

2019

Administrative Sciences

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The Industry 4.0 (I4.0) concept is concerned with the fourth industrial revolution in manufacturing, in which technological trends such as digitalization, automation and artificial intelligence are transforming production processes. Since the concept’s introduction at the Hannover Fair in Germany in 2011, I4.0 has enjoyed a meteoric rise in popularity and is currently high on the agenda of governments, politicians and business elites. In light of these observations, some commentators have asked the question of whether I4.0 is a concept that is hyped up and possibly just the latest in a long line of fashionable management concepts introduced over the course of the last few decades. Therefore, the aim of this paper is to provide a critical outside-in look at the emergence and rise of I4.0. Theoretically, these processes are viewed through the lens of management fashion, a theoretical perspective well suited to examinations of evolutionary trajectories of management concepts and ideas. The findings indicate that the I4.0 concept has quickly become highly popular and is dominating much of the popular management discourse. The concept has migrated out of the specialized manufacturing discourse to become a more general concept with mainstream appeal and applicability, evidenced by a multitude of neologisms such as Work 4.0 and Innovation 4.0. The numbers 4.0 have spread in a meme-like fashion, evidenced by the fact that the combination of a noun and the numbers 4.0 are used to signal and usher in discussions about the future of business and society. While there is much evidence that clearly shows that the concept has had a wide-ranging impact at the discursive level, the currently available research is less clear about what impact the concept has had so far on industries and organizations worldwide.

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“…The invention of flexible automation systems help to produce customized goods and services according to the preferences and needs of different customers with a higher degree of efficiency in large quantities (Accorsi, Bortolini, Baruffaldi, Pilati, & Ferrari, 2017;Gokalp, Kayabay, Akyol, Eren, & Koçyiğit, 2016;Huckle, Bhattacharya, White, & Beloff, 2016). The interconnected data integration, the innovation of smart technologies, Internet of Things (IoT), innovative customer demands are among few factors driving industry 4.0 (Cheng et al, 2016;Cooper, 2017;Gokalp et al, 2016;Gorecky, Schmitt, Loskyll, & Zühlke, 2014;Horváth & Szabó, 2019). In particularly, Industry 4.0, now, affects all sectors and disciplines, and have an enormous impact disproportionately on developed and developing nations (Anderl, 2015;Becker & Stern, 2016;Faller & Feldmüller, 2015;Gokalp et al, 2016;Gorecky et al, 2014;Ji, Ganchev, O'Droma, Zhao, & Zhang, 2014;Klaus Schwab & Davis, 2018;Stankovic et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

Bhuiyan

Ali

Zulkifli

et al. 2020

ijbmf

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In the recent decade, the term Industry 4.0 or Fourth Industrial Revolution is a common buzzword represents the adoption of disruptive digital technologies (Internet of things, Big Data, 3D printing, Cloud computing, Autonomous robots, Virtual reality, Augmented reality, Self-driving car, Cyber-physical system, Artificial intelligence, Smart sensors, Nanotechnology, Drones, and Biotechnology, etc.) in the production process which is transforming the manufacturing units into smart factories and experiencing a great change in the global value chain. Moreover, these revolutionary digital technologies have a profound impact on the economy, growth, globalization, governments, international trade, global supply chain, and human capital transformation, etc. The present review study aims to explore the impact, challenges, and opportunities of the fourth industrial revolution based on empirical findings specially and extensively in the context of Bangladesh. The study finds regardless of having enormous potentiality, the application of the fourth industrial revolution is far lagging for some challenges i.e. lack awareness, insufficient capital, lack of infrastructure, lack of skilled human capital, and some socio-economic challenges. This review paper will also develop conceptual links with the relevant aspect of strategic planning and application of key industry 4.0 technologies and help to formulate future policy guidelines regarding opportunities, application, and strategic decision making for the fourth industrial revolution in Bangladesh.

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Driving forces and barriers of Industry 4.0: Do multinational and small and medium-sized companies have equal opportunities?

Cited by 851 publications

References 60 publications

Quo Vadis Industry 4.0? Position, Trends, and Challenges

Quo Vadis Industry 4.0? Position, Trends, and Challenges

The Emergence and Rise of Industry 4.0 Viewed through the Lens of Management Fashion Theory

Industry 4.0: Challenges, Opportunities, and Strategic Solutions for Bangladesh

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