Identification of critical success factors, risks and opportunities of Industry 4.0 in SMEs

Moeuf, Alexandre; Lamouri, Samir; Pellerin, Robert; Tamayo, Simòn; Tobon-Valencia, Estefania; Eburdy, Romain

doi:10.1080/00207543.2019.1636323

Cited by 368 publications

(304 citation statements)

References 47 publications

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“…Moeuf et al, 2020 [39] Delphi Identifies success factors, risks, and opportunity of Industry 4.0 in SMEs. Gajdzik et al, 2020 [40] Bibliometric analysis Identifying key scientific problems of the sustainable development in Industry 4.0.…”

Section: Author(s) Methods Approachmentioning

confidence: 99%

Defining SMEs’ 4.0 Readiness Indicators

Chonsawat

Sopadang

2020

Applied Sciences

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Industry 4.0 revolution offers smart manufacturing; it systematically incorporates production technology and advanced operation management. Adopting these high-state strategies can increase production efficiency, reduce energy consumption, and decrease manufacturer costs. Simultaneously, small and medium-sized enterprises (SMEs) were the backbone of economic growth and development. They still lack both the knowledge and decision-making to verify this high-stage technology’s performance and implementation. Therefore, the research aims to define the readiness indicators to assess and support SMEs toward Industry 4.0. The research begins with found aspects that influence the SME 4.0 readiness by using Bibliometric techniques. The result shows the aspects which were the most occurrences such as the Industrial Internet, Cloud Manufacturing, Collaborative Robot, Business Model, and Digital Transformation. They were then grouped into five dimensions by using the visualization of similarities (VOS) techniques: (1) Organizational Resilience, (2) Infrastructure System, (3) Manufacturing System, (4) Data Transformation, and (5) Digital Technology. Cronbach’s alpha then validated the composite dimensions at a 0.926 level of reliability and a significant positive correlation. After that, the indicators were defined from the dimension and aspects approach. Finally, the indicators were pilot tested by small enterprises. It appeared that 23 indicators could support SMEs 4.0 readiness indication and decision-making in the context of Industry 4.0.

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Section: Author(s) Methods Approachmentioning

confidence: 99%

Defining SMEs’ 4.0 Readiness Indicators

Chonsawat

Sopadang

2020

Applied Sciences

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“…As regards the first -i.e., implementation process characteristicsthe literature has explored drivers and barriers (e.g., Chatzoglou and Michailidou, 2019;Yeh and Chen, 2018;Ghombakhloo, In Press); initial disadvantages of small and medium enterprises (e.g., Horváth and Szabó, 2019;Moeuf et al, 2020;Arcidiacono et al, 2019) and developing countries (e.g., Kamble et al, 2018;Raj et al, 2020); best-practice implementation processes (e.g., Mellor et al, 2014;Svan et al, 2017;Zangiacomi et al, 2020;Tortorella et al, 2020;Veile et al, 2020); ideal maturity stages (e.g., Bibby and Dehe, 2018;Pacchini et al, 2019); and governance modes in specific geographical and institutional contexts (e.g., Reynolds and Yilmaz, 2018;Sung, 2018;Kummitha and Crutzen, 2019;Fukuda, 2020).…”

Section: Industry 40: Concept and Research Issuesmentioning

confidence: 99%

The future of manufacturing: A Delphi-based scenario analysis on Industry 4.0

Culot

Orzes

Sartor

et al. 2020

Technological Forecasting and Social Change

174

103

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Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre-including this research content-immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.

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“…During the 21st century, the business sector has undergone and is still undergoing changes, both from an external and internal point of view, encouraged fundamentally by great technological shifts [1]. These changes have generated a wide range of opportunities [2,3] accompanied by no fewer risks, a situation that must be managed to maximize opportunities and minimize risks [4,5].…”

Section: Introductionmentioning

confidence: 99%

Sustainability of Spanish Tourism Start-Ups in the Face of an Economic Crisis

et al. 2021

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In this research, a study is carried out on the differences between tourism start-ups in relation to intangibles, economic and financial sustainability, by region and by sector of activity, in order to determine their sustainability both in a situation of economic crisis and growth, In the study carried out in this article, the tourist startups are identified, by branch of activity (hotels, restaurants, transport and travel agencies) with identification of intangibles in their balance sheet. Once identified, a descriptive analysis of the incorporation of intangibles, economic sustainability and financial sustainability, by branch of activity and community, is developed. This analysis is completed with an analysis of variance to determine if there is a relationship between intangible and branches of tourism and region; economic sustainability and branches of tourism and region; financial sustainability and branches of tourism and region. The conclusions of the work show that parameters such as investment in intangibles, economic sustainability and financial sustainability are key variables in crisis situations such as the current one.

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Identification of critical success factors, risks and opportunities of Industry 4.0 in SMEs

Cited by 368 publications

References 47 publications

Defining SMEs’ 4.0 Readiness Indicators

Defining SMEs’ 4.0 Readiness Indicators

The future of manufacturing: A Delphi-based scenario analysis on Industry 4.0

Sustainability of Spanish Tourism Start-Ups in the Face of an Economic Crisis

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