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

Author

Listed:
  • 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
    UKM Graduate School of Business, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia)

  • Muhammad Shahar Jusoh

    (Faculty of Applied and Human Sciences, Universiti Malaysia Perlis, Kangar 01000, Perlis, Malaysia)

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.

Suggested Citation

  • Mansoor Ahmed Soomro & Mohd Hizam-Hanafiah & Nor Liza Abdullah & Mohd Helmi Ali & Muhammad Shahar Jusoh, 2021. "Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia," Administrative Sciences, MDPI, vol. 11(2), pages 1-18, May.
    • Handle: RePEc:gam:jadmsc:v:11:y:2021:i:2:p:56-:d:563042
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    References listed on IDEAS

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    3. Kim, Junmo, 2018. "Are countries ready for the new meso revolution? Testing the waters for new industrial change in Korea," Technological Forecasting and Social Change, Elsevier, vol. 132(C), pages 34-39.
    4. Abbas Keramati & Masoud Afshari-Mofrad & Iman Behmanesh & Reihaneh Gholami, 2016. "The impact of information technology maturity on firm performance considering the moderating role of relational maturity: an empirical research," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 23(1), pages 23-43.
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