Publication:
Industry 4.0 challenges and benefits in Malaysia's manufacturing firms: A review
Industry 4.0 challenges and benefits in Malaysia's manufacturing firms: A review
Date
2024-03-07
Authors
Arumugam T.
Tan Chan Sin
Mohammad Fadzli Ramli
Ahmad Humaizi Hilmi
Rosmaini Ahmad
Azmi H.
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Publisher
Research Projects
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Abstract
Malaysia is now ready to adopt Industry 4.0 as a vital tool for transitioning to a new industry. The major focus of this article is on Industry 4.0's challenges and benefits. Inadequate time and effort, higher investment, lack of expertise and knowledge, and lack of internet coverage and IT facilities are some of the challenges associated with adopting Industry 4.0. Many other benefits of Industry 4.0 implementation include higher productivity, increased competitiveness, increased opportunities for collaborative working and knowledge sharing, cost reduction, flexibility and agility, and improved customer experience. As a result, this article contributes to a more realistic knowledge of Industry 4.0. As a final note, this paper offers some directions for firms wishing to implement Industry 4.0 with great success.