Critical success factors of Industry 4.0 in automotive manufacturing industry

Bhatia, Manjot Singh and Kumar, Saurabh (2020) Critical success factors of Industry 4.0 in automotive manufacturing industry. IEEE Transactions on Engineering Management, 69 (5). 2439 -2453. ISSN 00189391

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Abstract

Industry 4.0 (I4) technologies are gaining increased importance in the manufacturing industry, as they can provide several benefits such as an increase in efficiency, lower costs, higher revenues, etc. This study empirically examines the critical success factors (CSF) for implementing I4 technologies in Indian automotive manufacturing industry. In this regard, CSF and performance outcomes of I4 technologies are identified from published literature. The relationships between CSF and performance outcomes are then examined by regression analysis. The results indicate that ‘Data governance’ is the most critical factor, as it affects all the four performance outcomes (operational, product, economic and responsiveness). Similarly, ‘Legal aspects’ affects three out of the four performance outcomes (operational, product and economic performance), while ‘Collaboration and teamwork’ affects only operational performance and responsiveness. The study provides an understanding of factors which are critical in achieving performance outcomes about I4 technologies in the automotive manufacturing industry. The findings can also help automotive manufacturing firms towards an informed decision making in terms of various strategies required to adopt I4 technologies successfully.

Item Type: Article
Keywords: Industry 4.0| Critical success factors | Performance | Empirical | Automotive
Subjects: Social Sciences and humanities > Business, Management and Accounting > Industrial relations
JGU School/Centre: Jindal Global Business School
Depositing User: Mr. Syed Anas
Date Deposited: 14 Feb 2022 11:01
Last Modified: 14 Feb 2023 10:04
Official URL: https://doi.org/10.1109/TEM.2020.3017004
Funders: Indian Institute of Management Indore, India
URI: https://pure.jgu.edu.in/id/eprint/1256

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