This study explores Industry 4.0 in the Australian context, where manufacturing is dominated by smaller firms servicing the domestic market. We interviewed 20 advanced Australian manufacturers from diverse fields, capturing detailed descriptions of the Industry 4.0 implementation process. We...

With the changing conditions of business conduct, Industry 4.0 means a rapid development of new technologies, increased intensity of competition and evolving globalization, thus presenting enterprises with new challenges. There is a need to transform business models into open models that make...

The dynamic development of information and communication technology (ICT) reported in recent years has caused significant changes in almost all areas of social and economic life. The digitalization process resulting from this development is now becoming a determinant of both progress and...

Ubiquitous digitization, changing competitive intensity, and rapid development of new technologies are shaping the new business landscape, creating new opportunities for consumers and businesses. There is a need to create open business models that allow for the introduction of open innovations,...

Dynamic changes in the global economy, resulting from the implementation of the Industry 4.0 concept, cover practically all areas of life. They mainly concern companies that need to adapt to these changes as soon as possible in order to face growing competition. The digitalization process is of...

This research aims to study the pre-pandemic and pandemic-period Industry 4.0 and Industry 5.0 characteristics in SME research using scientometrics and systematic review using the PRISMA 2020 approach. A total of 691 articles were found in SCOPUS database using keywords (("Industry 4.0" OR...

Modern innovative models have the possibility of transferring research and development (R&D) output through technology transfer from scientific and research institutions or other enterprises. The complex process of technology transfer is significantly dependent on cooperation among academia,...

Small and medium enterprises (SMEs) are vital contributors and significant drivers of any manufacturing sector. The Industry 4.0 (I 4.0) revolution has made the global economy highly competitive and automated, requiring Indian SMEs to adapt more quickly. Therefore, this study aimed to identify...

The main topic of this paper is to estimate the possibility and inclination of Croatian companies towards technology and innovation as well as to analyze advantages, limitations and risks involved with this significant technological leap. We analyzed 7147 Croatian business entities operating in...

Organizational performance, as well as the performance of industrial enterprises, is affected by changes caused by technological progress and the overall societal situation. Industry 4.0 affords the transformation of the industrial economy to the digital economy. In addition to the mentioned...