Are SMEs ready for Industry 4.0 technologies: an exploratory study of I 4.0 technological impacts

Menon, Sarath and Shah, Satya ORCID: 0000-0001-5575-7682 (2020) Are SMEs ready for Industry 4.0 technologies: an exploratory study of I 4.0 technological impacts. 2020 International Conference on Computation, Automation and Knowledge Management (ICCAKM). IEEE. (In Press)

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Official URL: https://www.amity.edu/iccakm/

Abstract

Fourth Industrial revolution, Industry 4.0– A rapidly growing world of digitization that opens the doorway for new era of automation plays a crucial role within the industry which requires a constant research and improvements to achieve and sustain themselves in current world of competitive market. Implementation of industry 4.0 technologies pioneer for a profit maximization with cost reduction and has even realized to show a significant refinement in improved sustainability. Global Market leading organisations are positioning themselves with world of digitisation to their end consumers utilising the digital marketing, e-commerce and customer experience virtually driving towards a completely new era of digital ecosystem. Supply chain management (SCM) within the small and medium enterprises (SME’s) plays an important role in supporting the global manufacturing economies. SME’s lacks the understanding and significance of transforming themselves with the extremely complex digital supply chain systems that may leads to losses if they don’t embrace now for innovations and implement the latest technological advancements. This paper aims to examine the current trends and impacts of latest technologies within the SME’s with the view of key factors of Industry 4.0.

Item Type: Book Section
Additional Information: Paper given at and to be published in the Proceedings of 2020 International Conference on Computation, Automation and Knowledge Management (ICCAKM), 9-12th January,2020. Amity Dubai, UAE.
Subjects: H Social Sciences > H Social Sciences (General)
T Technology > T Technology (General)
T Technology > TS Manufactures
Divisions: Business, Accountancy and Law > Business Logistics Innovation and Systems Research
Institute of Management
Institute of Management > Bolton Business School
Off-Campus Division
Depositing User: Professor S.R. Shah
Date Deposited: 13 Feb 2020 11:42
Last Modified: 13 Feb 2020 11:46
URI: http://ubir.bolton.ac.uk/id/eprint/2701

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