Factors Influencing 4.0 Technology Adoption in Manufacturing SMEs in an Emerging Country

Purpose By considering the lack of studies of the factors that influence the adoption of 4.0 technologies in manufacturing SMEs, this study proposes a model that examines the aspects that motivate, benefit and obstruct the implementation of emerging technologies, as well as the role of the instituti...

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Bibliographic Details
Published inJournal of small business strategy Vol. 32; no. 3; pp. 67 - 83
Main Authors Rojas-Berrio, Sandra, Rincon-Novoa, Jeisson, Sánchez-Monrroy, Maria, Ascúa, Rubén, Montoya-Restrepo, Luz Alexandra
Format Journal Article
LanguageEnglish
Published Peoria Small Business Institute 2022
Subjects
Bibliometrics
Digital technology
Employment
Entrepreneurs
Entrepreneurship
GDP
Gross Domestic Product
Industrialized nations
Industry 4.0
Literature reviews
Manufacturing
Small & medium sized enterprises-SME
Small business
Technology
Technology adoption
Colombia
Latin America
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Summary:Purpose By considering the lack of studies of the factors that influence the adoption of 4.0 technologies in manufacturing SMEs, this study proposes a model that examines the aspects that motivate, benefit and obstruct the implementation of emerging technologies, as well as the role of the institutional environment, for a developing country. Methodology A qualitative approach and interview method were used to study 4.0 technologies in the “core” productive processes adopted in 25 SMEs. The gathered data were analysed and processed in NVivo 12 software. Results Two groups of categories (nodes) were obtained, within which related subcategories (subnodes) were located. These two groups are existing and emerging categories, which reflect the aspects that motivate, benefit and obstruct the adoption of 4.0 emerging technologies. Conclusions The identification of an emerging variable in the study of inhibitors and facilitators of the adoption and implementation of 4.0 technologies is a valuable contribution because it allows us to account for the problematisation of financing as an important variable in the processes of introduction into Industry 4.0 for SMEs. This proposal may facilitate public policies at regional and national level to promote and advance in this area of innovation for SMEs.
ISSN:1081-8510
2380-1751
DOI:10.53703/001c.34608