SME 4.0: The role of small-and medium-sized enterprises in the digital transformation
MetadataShow full item record
SubjectSmall and medium-sized enterprises (SMEs); Industry 4.0; Fourth industrial revolution; Digital transformation
Industry 4.0 can be the starting point for implementation projects as a low-risk entry into an adapted digitization strategy. In larger companies, comprehensive digitization initiatives are already integrated into the central corporate strategy, while smaller companies often have problems putting the Industry 4.0 paradigms into practice. As the backbone of the economy, small-and medium-sized enterprises (SMEs) have an enormous leverage effect, which is why it is crucial to develop specific concepts for smaller companies. Regardless of the size of a company, a digital transformation strategy offers opportunities for growth and sustainable competitiveness. This chapter will give an introductory overview of Industry 4.0 as the fourth industrial revolution and discuss the role of SMEs in this transition towards the digital transformation.
Showing items related by title, author, creator and subject.
A Maturity Level-Based Assessment Tool to Enhance the Implementation of Industry 4.0 in Small and Medium-Sized Enterprises Rauch E; Unterhofer M; Rojas R; Gualtieri L; Woschank M; Matt DT (2020)Industry 4.0 has attracted the attention of manufacturing companies over the past ten years. Despite efforts in research and knowledge transfer from research to practice, the introduction of Industry 4.0 concepts and ...
Pushing digital automation of configure-to-order services in small and medium enterprises of the construction equipment industry: A design science research approach Schimanski CP; Pasetti-Monizza G; Marcher C; Matt DT (2019)In order to efficiently transform business processes (such as product design, product engineering, production, logistics, sales, deliveries, etc.) into digitally automated processes, new concepts have been introduced in ...
Inter-organizational networks of small and medium-sized enterprises (SME) in the field of innovation: a case study of South Tyrol Kofler I; Marcher A (2018)Inter-organizational networks are a resource-saving and risk-sharing strategy, especially in the field of innovation and for Small and Medium Enterprises (SMEs). The study investigates the role of innovation in interfirm ...