Empirical investigation of industry 4.0 for sustainable growth and implication for future-ready compatibility for cement industry of India

Industry 4.0 refers to a complete transformation from machine-governing manufacturing to an automated network-linked system. Industry 4.0 standards need to be recognized to convert effectively, and obvious procedures should be spawned and executed. The present study answers the recent wails for Indu...

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Bibliographic Details
Main Authors: Singh, Gaurav Kumar, Dadhich, Manish
Format: Conference Proceeding
Language:English
Subjects:
Cement industry
Compatibility
Empirical analysis
Factor analysis
Industry 4.0
Online Access:Get full text
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Summary:Industry 4.0 refers to a complete transformation from machine-governing manufacturing to an automated network-linked system. Industry 4.0 standards need to be recognized to convert effectively, and obvious procedures should be spawned and executed. The present study answers the recent wails for Industry 4.0 and its implications for the future compatibility of the cement industry. The paper used Exploratory factor analysis (EFA), Confirmatory factor analysis (CFA), and structural-equation-modelling to assess the degree to which selected factors to Industry 4.0 espousal. This study set up five hypotheses by choosing 21 variables in the frame specified with a sample of 380 respondents from five key cement industry players. The results of SEM underline the relative significance of the manifest chosen for augmenting the sustainable growth of the cement industry. The empirical work delivers a vibrant indicator of the pluses of identifying the necessary constructs of Industry 4.0 and their interactions in producing admirable operations. These results can offer useful comprehension to top managers executives/engineers who want to comprehend the effects of industry 4.0 on the firm’s sustainable growth.
ISSN:0094-243X
1551-7616
DOI:10.1063/5.0144117