Abstract
Industry 4.0, often known as the Industrial Internet of Things (IIoT), offers manufacturing businesses tremendous financial prospects and challenges. In this empirical study (based on an inductive qualitative research approach), we combined a literature review and an expert interview to look at the latest advancements in emerging technologies for manufacturing transformation and the requirements and approaches that manufacturing firms in emerging economies must employ to complete this transformation. Based on our findings, we developed a thorough overview of factors associated with IIoT and identified areas for additional study to contribute to the IIoT transformation agenda. The results of this study can guide stakeholders, particularly managers of manufacturing businesses and researchers. The literature study results posit state-of-the-art studies on how the implementation of IIoT technologies can drive the transformation of manufacturing businesses in emerging economies.
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