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<pubDate xmlns="http://apache.org/cocoon/i18n/2.1">Mon, 20 Apr 2026 00:26:59 GMT</pubDate>
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<title>Identification of critical success factors, risks and opportunities of Industry 4.0 in SMEs</title>
<link>http://hdl.handle.net/10985/25588</link>
<description>Identification of critical success factors, risks and opportunities of Industry 4.0 in SMEs
MOEUF, Alexandre; LAMOURI, Samir; PELLERIN, Robert; TOBON VALENCIA, Estefania; EBURDY, Romain
SMEs, as prominent actors in industry, must meet more and more complex customer expectations. Recently, the concept of&#13;
Industry 4.0 has emerged. This new approach enables the control of production processes by providing real-time synchronisation&#13;
of flows and by enabling the production of unitary and customised products. Our research goal is to identify Industry&#13;
4.0 risks, opportunities and critical success factors with regards to the industrial performance of SMEs. The recent emergence&#13;
of Industry 4.0 and the inherent difficulty of identifying detailed examples has not yet enabled a satisfactory statistical&#13;
study to be conducted on Industry 4.0 cases in SMEs. To reach our research goal, we selected 12 experts to conduct a Delphi&#13;
study supplemented by Régnier’s abacuses. Our study demonstrates that the major risks facing the adoption of Industry 4.0&#13;
in SMEs include a lack of expertise and a short-term strategy mindset. Our research also indicates that training is the most&#13;
important factor for success, that managers have a prominent role in the success and/or failure of an Industry 4.0 project,&#13;
and that SMEs should be supported by external experts. Lastly, Industry 4.0 offers a unique opportunity to redesign SME&#13;
production processes and to adopt new business models.
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<pubDate>Thu, 04 Jul 2019 00:00:00 GMT</pubDate>
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<dc:date>2019-07-04T00:00:00Z</dc:date>
<dc:creator>MOEUF, Alexandre</dc:creator>
<dc:creator>LAMOURI, Samir</dc:creator>
<dc:creator>PELLERIN, Robert</dc:creator>
<dc:creator>TOBON VALENCIA, Estefania</dc:creator>
<dc:creator>EBURDY, Romain</dc:creator>
<dc:description>SMEs, as prominent actors in industry, must meet more and more complex customer expectations. Recently, the concept of&#13;
Industry 4.0 has emerged. This new approach enables the control of production processes by providing real-time synchronisation&#13;
of flows and by enabling the production of unitary and customised products. Our research goal is to identify Industry&#13;
4.0 risks, opportunities and critical success factors with regards to the industrial performance of SMEs. The recent emergence&#13;
of Industry 4.0 and the inherent difficulty of identifying detailed examples has not yet enabled a satisfactory statistical&#13;
study to be conducted on Industry 4.0 cases in SMEs. To reach our research goal, we selected 12 experts to conduct a Delphi&#13;
study supplemented by Régnier’s abacuses. Our study demonstrates that the major risks facing the adoption of Industry 4.0&#13;
in SMEs include a lack of expertise and a short-term strategy mindset. Our research also indicates that training is the most&#13;
important factor for success, that managers have a prominent role in the success and/or failure of an Industry 4.0 project,&#13;
and that SMEs should be supported by external experts. Lastly, Industry 4.0 offers a unique opportunity to redesign SME&#13;
production processes and to adopt new business models.</dc:description>
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