WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 16, 2019
Impacts of Industry 4.0 on Malaysian Manufacturing Industries
Authors: Lee Wan Yee, Tan Seng Teck, Shahryar Sorooshian
Abstract: Industry 4.0 is the fourth industrial revolution which is the new era to the world. However, there are not enough academic knowledge about it. Also, Malaysian manufacturing industries have not enough awareness of the impact of it. Hence, the objective of this research is to identify the main impacts of Industry 4.0 on manufacturing industries in Malaysia. This research is using a quantitative method of analysis, pairwise comparison, and the data collection method was questionnaires which answered by the experts of the Industry 4.0 in Malaysia. In the findings, the ranking in the results in order is flexibility, real-time detailed end-to-end product transparency and coordinating real time, etc. Therefore, based on the result of this study, the government can encourage manufacturing companies to implement Industry 4.0 and gain positive impacts.
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Keywords: Industry 4.0, Manufacturing, Malaysia, Pairwise comparison, Main impacts, Flexibility
Pages: 355-359
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #40