Industry 4.0 in Small and Medium-Sized Enterprises (SMEs)

2 Indian SMEs – Opportunities and ChallengesAssessing Industry 4.0 Readiness

Virupaxi Bagodi, Deepankar Sinha, and Varsha Bagodi

DOI: 10.1201/9781003200857-2

Contents

2.1 Introduction

2.2 Challenges Faced by SMEs

2.3 Industry 4.0

2.4 Research Instrument and Survey

2.4.1 Research Instrument

2.4.2 Conduct of Survey

2.5 Analysis

2.5.1 CV: Coefficient of Variation

2.5.2 Technology Index

2.5.3 Causality

2.6 Results, Discussions, and Managerial Implications

2.7 Conclusions

References

2.1 Introduction

Developing countries such as India have been witnessing the contribution of small and medium enterprises (SMEs) to their economy. SMEs contribute to employment (Ongori 2009; Ramayah et al. 2016) and the balance of trade (Ahmed and Haseen 2017). However, ...