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

Mansoor Ahmed Soomro, Mohd Hizam-Hanafiah, Nor Liza Abdullah, Mohd Helmi Ali and Muhammad Shahar Jusoh
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Mansoor Ahmed Soomro: Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Mohd Hizam-Hanafiah: Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Nor Liza Abdullah: Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Mohd Helmi Ali: Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Muhammad Shahar Jusoh: Faculty of Applied and Human Sciences, Universiti Malaysia Perlis, Kangar 01000, Perlis, Malaysia

Administrative Sciences, 2021, vol. 11, issue 2, 1-18

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.

Keywords: Industry 4.0 readiness; fourth industrial revolution; digital transformation; technology companies (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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