Readiness Of Industry Research Articles

Industry 4.0 readiness in west of Ireland small and medium and micro enterprises – an exploratory study

This study looks to understand the uptake of Industry 4.0 and digital technologies by Small and Medium Enterprises and Micro Enterprises in the West of Ireland with a focus on the challenges of Industry 4.0 as well as current integration levels of Industry 4.0. This study finds that there is a high level of awareness of Industry 4.0 and digitalization and its benefits within West of Ireland SME’s and Micro enterprises. However, a sizeable majority are not implementing any Industry 4.0 projects currently, nor is it a part of their strategy. 53% of participant organizations had implemented Lean, with 97% of those only implementing within the last 2 years. The challenges to Industry 4.0 were high costs, lack of state support and fear of choosing the wrong equipment/solution. This is the first empirical study on Industry 4.0 readiness within the West of Ireland Small, Medium and Micro Enterprise space which investigates the understanding of and the readiness for Industry 4.0 as well as the motivation and support required by these enterprises for Industry 4.0. Organizations, including government bodies, can use this study to understand the readiness for digitalization and Industry 4.0 in smaller enterprises as opposed to larger enterprises.

Education and Industry Readiness

The study’s objective is to identify any possible discrepancies between the education having been taught and the job. The study used a sample population of 32 people. The data was collected using the purposive sampling method. The results showed that there is a gap between education and being industry ready. A small percentage agree that there is no gap between their education and their current professional role. However, an excessively high number agree that there is a gap, leading to the conclusion that there may be a fundamental gap between education and industrial preparation. The results also showed that irrespective of specialisation, the view of a gap being there was the same.

On Instilling Research Paradigm in PG Engineering Students through Guided Open Ended Lab Component Implementation

Abstract— Creating interest and involvement of engineering students into the domain specific research work is indispensable for the future technology developments. Original intellectual and creative contribution through experimentation to the discipline can bring new developments significant for societal reforms. This paper presents an effort to nurture research interest among postgraduate students of Biomedical Engineering. In order to nurture a research attitude, a Lab component for the course Biomedical Image Analysis was modified with practical reflection-based learning style. The impact analysis of this exercise is studied objectively. The newly designed Lab component included more practice-based learning, demanding additional time from students and teacher, for the discussion and reflection-based learning. Assessing students on the basis of critical thinking, focused efforts and the right approach in devising the solution for real-life problems played a critical role in this pedagogy. The impact of this exercise on students learning is analyzed by comparing course outcomes and program outcomes attainment for two batches with batch size 14 and 16 respectively. The assessment was based onrubrics devised for various phases. The course outcomes were improved by 6 to 12% for the experimental Batch. This is also reflected in increase in PO attainment in the same proportion. Particularly, attainment of course outcomes related to handling complex real-life problem and to develop solution showed considerable improvement. The results revealed individual student's ability in implementing and analyzing the open-ended experiment. The major conclusion from this educational experimental work is that the conceptual, practical, and interpretational skills necessary for research can be inculcated by devising innovative pedagogy. This work also reports positive sideways of this practice and the difficulties faced during the entire exercise. Keywords— Research Paradigm, Reflection based learning, Open ended Lab component, Industry readiness

Development of a Framework to Diagnose the Readiness of Industry 4.0 in Companies in a Global Context

Development of a Framework to Diagnose the Readiness of Industry 4.0 in Companies in a Global Context

Assessing the Readiness for Industry 4.0 of Metalworking Companies: evidence in the South of Brazil

Assessing the Readiness for Industry 4.0 of Metalworking Companies: evidence in the South of Brazil

Empirical survey on key technologies and enabling factors for Industry 4.0 innovation in the manufacturing sector

The contemporary era has observed expeditious and astounding transitions, mainly from doing business to technological advances. Manufacturing industries have tried to adopt a new concept change, i.e., Industry 4.0, where scientific myths have become a scientific reality, and the primary catalyst is technological convergence. Therefore ensuring that every technical development meets and improves everything is an excellent chance for almost all. The research intends to examine the status of the adoption of Industry 4.0 in manufacturing industries by taking into account its key technologies in the Indian scenario sense. In this paper, a survey has been presented about the status of innovative Industry 4.0 technologies and its enabling factors, quantified in recognition of their number of appearances in manufacturing industries. The findings indicated the correlation among the key technologies and enabling factors to ensure the readiness of Industry 4.0 in manufacturing industries. This research indicates the requirement of implementing the principles of Industry 4.0 throughout the existing systems of manufacturing.

An Analysis and Design of Adaptive Assessment System for Manufacturing Industry 4.0 Implementation in Indonesia

The implementation of Industry 4.0 technology has developed rapidly. Despite its development, Indonesia is still nascent and requires some implementation monitoring in its priority industries. This study aims to design a system for assessing the readiness of implementing Industry 4.0 in priority manufacturing industries in Indonesia. A Fuzzy Inference System framework with six main dimensions has been developed to assess the level of readiness for Industry 4.0 in priority manufacturing industries. The six assessment dimensions are Legal Consideration, Products and Service, Manufacturing and Operations, Strategy and Organization, Supply Chain, and Business Model. These dimensions have been developed into a complete assessment system for evaluating the level of readiness for implementing Industry 4.0. Validation of the system has shown that the multi-dimensional assessment system can provide appropriate assessment results to assess the level of readiness for Industry 4.0 in priority manufacturing industries.

Evaluating Government Readiness for Industry 4.0: A Case Study of Batam City

This research aims to evaluate the readiness of the government in Batam City for the challenges and opportunities brought about by Industry 4.0. Industry 4.0 refers to the integration of advanced technologies such as artificial intelligence, internet of things, and automation in various sectors of the economy. The research utilizes a case study approach, focusing on Batam City as a specific context for analysis. Primary data is collected through interviews and observations, while secondary data is gathered from relevant documents and reports. The findings of the research shed light on the current state of government readiness, including its policies, infrastructure, and human resources, in adapting to the demands of Industry 4.0. The analysis explores the strengths, weaknesses, opportunities, and challenges faced by the government in Batam City. The research findings contribute to a better understanding of the preparedness of local governments in Indonesia for the transformative changes brought by Industry 4.0 and provide insights for policymakers and stakeholders in formulating strategies to enhance government readiness and ensure successful adoption of Industry 4.0 technologies.

Readiness Level Evaluation of the Electric Power Industry for the Implementation of Digital Innovations

This article reveals the problem of implementing and evaluating the readiness of the energy industry to implement digital innovations in the countries of the world. Qualitative and quantitative methods were used to achieve the purpose of this stud

Construction 4.0 technologies in a developing economy: awareness, adoption readiness and challenges

PurposeConstruction 4.0 technology is a novel innovative technology that has been proved to enhance project performance. However, information on the concept's awareness, adoption readiness and challenges in developing economies is still scanty. The purpose of the study is to appraise awareness, adoption readiness and challenges of Construction 4.0 technologies in Nigeria to bring to the fore the state of art of these innovative technologies in the study area.Design/methodology/approachThe study used a convenient sampling technique to select 129 construction professionals (architects, engineers and quantity surveyors) in Osun State, Nigeria, who provided data for the study through a closed-ended structure questionnaire survey. The quantitative data supplied were analysed using frequency, percentile, Cronbach's alpha, mean score (MS) analysis and analysis of variance (ANOVA).FindingsThe overall awareness level of construction professionals in the study area about Construction 4.0 technologies is at a moderate level (MS = 3.03). The analysis of each component of the Construction 4.0 technologies shows that BIM (MS = 3.69) has the highest level of awareness, while augmented reality (MS = 2.51) has the least awareness level. More results show a significant difference in the opinion of the respondents, a significant difference in the respondents on 36% of the components of Construction 4.0 technologies. The adoption readiness of the Nigerian construction industry (NCI) to Construction 4.0 technologies is at an initial level (MS = 2.86). However, the 3D printing (MS = 3.36) and augmented reality (MS = 2.49) have the highest and lowest adoption readiness ratings, respectively. There is no significant difference in how respondents ranked the NCI adoption readiness on 73% of the components of Construction 4.0 technologies. The main challenges of Construction 4.0 technologies in the study area are lack of standardisation (MS = 4.02), lack of investment in research and development and cost of implementation (MS = 3.87) each. The result shows that there is perfect unanimity in the way respondents ranked the challenges of Construction 4.0.Practical implicationsThe study provided information on the status quo of Construction 4.0 technologies in the NCI to enhance improvement in practice and the attendant project delivery.Originality/valueThe study attempted to bring to the fore the state of the art on awareness, adoption readiness and challenges of Construction 4.0 technologies in Nigeria. The study's information will be valuable to improve project delivery.

Revisiting Economic Growth and Steel Consumption: Evidence from India

The article analytically investigates the association between GDP growth and steel consumption in India from 2004–2005 to 2019–2020. We investigate the association of both long-term and short-term by employing the Granger causality test in the vector error correction model. The results showed one-way causality between economic growth to steel consumption both in the long and short run and concludes that over the period there is a unidirectional movement from economic development to steel consumption. So, as the economy progresses it has a direct impact on the steel industry. Finally, the study forecast the steel demand for the next decade and highlights the readiness of the steel industry to meet its demand and focus on better utilisation of its capacity. JEL Codes: C51, E2, E27

Readiness study of environmentally friendly motor vehicle tire industry and its supporting infrastructure in implementing tire labeling regulation

Tire labeling is a label on tire products that have met specific rolling resistance, wet grip, and noise emission requirements. It aims to increase road transport’s safety and economic and environmental efficiency by promoting fuel-efficient and safe tires with low external rolling noise. Indonesia has many tire industries and is a significant global market for motor vehicles; they may consider applying tire labeling. The implementation of tire labeling in Indonesia requires a study of the readiness of the tire industry and its supporting infrastructure, including the necessary testing facilities and end-user awareness. The study was carried out by conducting literature studies and distributing questionnaires. The study results showed that the tire industry has sound capabilities, but it is necessary to increase the readiness of an independent testing laboratory. End-user acceptance of tire label products is good, but awareness of tire labels needs to be improved. The application of tire labels in Indonesia is projected to reduce CO2 emissions significantly.

Emerging Trends In Indian Telecom Industry: A Study

The telecommunication industry in India is rapidly growing and witnessing many developments. India is moving towards accomplishing a $ 1 trillion economy by the end of 2025. By 2025, the telecom sector will emerge as top five employment opportunity generator in the country. This article traces the evolution of Indian telecom infrastructure during the past few years and also discusses the industry readiness of India for 5G, alongwith network expansion, investment, recent developments in the sector and highlights the Government initiatives.

Enhancing CO2 conversion with plasma reactors in series and O2 removal

In this work, we take a crucial step towards the industrial readiness of plasma-based CO2 conversion. We present a stepwise method to study plasma reactors in series as a first approach to a recycle flow. By means of this procedure, the CO2 conversion is enhanced by a factor of 3, demonstrating that a single-pass plasma treatment performs far below the optimal capacity of the reactor. Furthermore, we explore the effect of O2 in the mixture with our flexible procedure. Addition of O2 in the mixture has a clear detrimental effect on the conversion, in agreement with other experiments in atmospheric pressure plasmas. O2 removal is however highly beneficial, demonstrating a conversion per pass that is 1.6 times higher than the standard procedure. Indeed, extracting one of the products prevents recombination reactions. Based on these insights, we discuss opportunities for further improvements, especially in the field of specialised separation techniques.

Development of Numerical Protection Laboratory through Industry Institute Interaction

Abstract—The development of a numerical protection laboratory is implemented through industry-institute interaction under an MOU. This paper documents the contribution of the major project of final year students on using a digital over-current and earth-fault relay. The latest numerical protection relay has been provided as a replacement for an older version by ABB India Ltd. as a part of corporate social responsibility (CSR). The laboratory experimental panel has been developed through the major project of the final year student group. There was the active participation of ABB India Ltd. by way of providing dedicated training to the student group and faculty members involved in the installation, commissioning, and design of the experimental panel. The results obtained from various case studies are reported in this paper. The facilities created are used for regular laboratory practicals for undergraduate and postgraduate students. The laboratory manuals are prepared to facilitate the implementation of the experiments. The laboratory curriculum has been updated for the UG course "Power System Protection" and the PG course "Advanced Power System Protection and Switchgear". It has resulted in improvement in the placement of UG and PG students. The training of industry and state power utility engineers can also be performed on the experimental panel developed. The outcome of this academic innovation related to industry-institute interaction is that the industry readiness of students has increased. Keywords : Industry Institute Interaction; Power system protection; laboratory development; Test setup; Over-current protection.

Industrial Revolution 4.0 (IR4.0) Readiness Among Industry Players: A Systematic Literature Review

The service sector is a key focus of the Fourth Industrial Revolution (IR4.0), a digital revolution that affects all industries. A key component of IR4.0 is the introduction and uptake of new technologies by organizations, including artificial intelligence (AI), big data analytics, the Internet of Things (IoT), cloud computing, augmented reality, simulation, cybersecurity, systems integration, additive manufacturing, and robotics and autonomous systems. According to research, 59% of businesses with expertise in big data and IoT also employ AI technologies. Through the development, adoption, and integration of technology solutions into the workforce and industries, industry participants’ readiness and their use of these technologies will be able to increase productivity growth. According to a survey of the literature, Malaysia in particular still has a low to medium degree of industry readiness for IR4.0. The purpose of this paper is to conduct a systematic literature review in order to comprehend the IR4.0 readiness models that have been discussed in the literature, the driving and impeding forces behind IR4.0 readiness, and the use of self-evaluation tools by industry participants to gauge their own IR4.0 readiness level. Six prominent internet databases, including Scopus, Emerald Insight, IEEE, Springer, Web of Science, and Science Direct, were used in the review. Finally, 55 out of the initially searched 10,428 articles were selected based on the inclusion and exclusion criteria set for the study after rigorous methods of screening the papers. According to the research, readiness models are frequently addressed and framed around a variety of theories and their theoretical constructs, including success models, information systems, acceptance theory, and pertinent maturity and readiness theories. The following factors frequently play a dual role, acting as both a driving and an inhibiting influence. These factors include funding, infrastructure, regulatory, skills and competency, technology, and commitment. This study suggests the IR4.0 Readiness and Implementation Framework for industry based on the synthesized literature. The framework seeks to help industry participants deploy IR4.0 in stages and gradually increase their IR4.0 readiness levels.

Readiness of the national textile industry in facing trade liberalization

This study found that there are three alternative strategies, namely: strength-opportunity, weakness-opportunity, weakness-threats. The support needed by the business world from the government is: R & D development, information on market opportunities, ease of export, sources of funds other than the banking industry to carry out machine restructuring. The textile industry on the world stage is no longer a new figure but an old face. The term textile that we usually hear comes from the Latin word "texere" which means to weave. Textile is a commodity that has wide usage. Most of the output from the textile industry by the community is used to meet clothing needs. However, apart from being used for clothing, textiles can also be used for other things, such as medicine, the car industry. The car industry uses textile products in the form of upholstery covers. Textile products used in the medical world include: surgical threads, bandages. How a country takes advantage of the new, overcomes the challenges that arise depending on the strengths & weaknesses inherent in the respective national textile industries. This study aims to describe what strategies can be carried out by the national textile industry to obtain maximum benefits from the elimination of textile export quotas. The research data will be analyzed using the SWOT analysis method.

The evaluation of higher education policy to drive university entrepreneurial activities in information technology learning

This study discusses the role of university and industry in Indonesia’s higher education system, particularly in learning information technology and the related fields. Three data sources were used to collect information on learning practices, i.e., the higher education policies representing the government’s perspective, the knowledge capitalization practices representing the industry readiness to act as a joint provider of knowledge and skill with the university, and the perspectives of human learner as the subject of learning processes. The study proposes two-stage evaluation on higher education practices that consists of policy analysis and the evaluation of learning practices based on the model of learning system. The former is to map the higher education policy to the spectrum of university entrepreneurial activities, while the latter is the survey on learning practices participated by the industry, students, and alumni. Policy analysis identifies the blank spot on the activities of consulting, spin-off firm formation, and the creation of a technology park. The evaluation of learning practices shows that the university still becomes the dominant actors in the transfer of knowledge and skill, except for the fields of entrepreneurship and project management which the industry excels. These results indicate that university contributes primarily in growing the internal capacity of human resource, while the industry contribute in shaping the professional life. This study suggests that the practice of higher education in Indonesia requires a more aggressive strategy in triple helix relations to enable the achievement of knowledge society and knowledge economy by strengthening the whole spectrum of university entrepreneurial activities.

The Impact of Industry 4.0 Towards Accounting Profession and Graduate’s Career Readiness: A Review of Literature

Industry 4.0 creates a turning point to the businesses and professions across industries. A transformational change is set to take place in almost aspects in the businesses and professions. Accounting profession is not excluded and are not immune to the technological disruption caused by the recent industrial revolution. The adoption of smart technologies under the realm of Industry 4.0 are affecting the normal way of work performed by accountants. Hence a revision to the current roles of accountants is needed to accommodate the change in traditional practices, processes and methods of performing work in accounting field. This study aims to review the literature on the impact of Industry 4.0 towards the accounting profession and graduate readiness for Industry 4.0 employment and subsequently update the skills requirement of future accounting graduates. Skills mismatch and the skills relevant for long-term career fulfilment are among issues discussed in prior studies. The literature analysis allows the identification of appropriate solutions for higher education institutions to overcome these issues. The study is beneficial for higher academic institutions as they assimilate Industry 4.0 in their agenda to be able to produce graduates that are ready and competent for the industry.

An Exploratory Survey on the Adoption of Blockchain Technology in Streamlining Malaysia Real Estate During Covid-19 Pandemic

The global pandemic outbreak of Covid-19 and the restrictions on movement have created an unprecedented crisis for the real estate industry with mounting pressure including on property management. The higher-than-normal occupancy and load especially on strata residential buildings during the movement control order (MCO) leads to a more crucial task for property managers to ensure that every part of the building was in good working order. A high transmissible virus poses various challenges in property managers’ jobs including maintenance, inspections, viewing, and marketing the property. Accordingly, the pandemic has created a greater sense of urgency than before for real estate companies to increase technology usage by having an automated real estate record involving the buying or selling process. This study aims to explore the potential opportunities of blockchain adoption in the real estate management process. The objectives of this study are: i) to investigate the challenges of real estate managers in managing the real estate during the pandemic; ii) to study the benefits of blockchain technology adoption in the real estate management process, and (iii) to examine the opportunities of blockchain to enhance in streamlining the real estate management process. This research engages with the qualitative nature of the research strategy due to the explorative character by conducting the unstructured interview with the real estate players involved in managing the properties. All the collected materials have been transcribed and categorized to ensure that they could be analysed through NVivo, a qualitative data analysis programme. The expected outcome of this study will provide scientific evidence on the readiness of the Malaysian real estate industry to embrace technology by digitalizing the property management which is in line with the vision of the government to ensure Malaysia makes the Digital Leap into the Fourth Industrial Revolution (IR 4.0)