Effects of Investment on Industry 4.0 Implementation

EasyChair Preprint 9193

Abstract

The governing parameters of any business for sustainable growth and development are technology and innovation. The goal of Industry 4.0 is to achieve a standardized level of productivity and operational efficiency. The fourth industrial revolution is interchangeably known as Industry 4.0, which is a control of the industrial value chain. The objective of the study is to investigate the impacts of investment on the implementation of Industry 4.0 in the manufacturing sector. A semi-structured questionnaire was used to perform the research work. The respondents were chosen based on their relevancy to the management of technology in their respective sectors. Both face-to-face interviews and web-based questionnaires were used to collect the data. The whole analysis was performed using SPSS 25 and Microsoft Office Excel 2016. The developed questionnaire was validated through consultation with academics and industrial arena experts. A hypothesis was developed to testify to the relevance of the investment with the implementation of Industry 4.0. It was observed that in the past 2 years investment of the organization for technology and innovation was about medium scale. Over the next 5 years investment of the organization for technology and innovation go through medium scale as well as large scale. In this case, the investment criteria (small, medium, large) were identified based on the percentage of the investment of total revenue.

Keyphrases: Industry 4.0, Investment, Manufacturing, Productivity, Technology and Innovation

@booklet{EasyChair:9193,
  author    = {Mahfuzul Haque and Choudhury Abul Anam Rashed and Mst. Nasima Bagum},
  title     = {Effects of Investment on Industry 4.0 Implementation},
  howpublished = {EasyChair Preprint 9193},
  year      = {EasyChair, 2022}}