Keng Siau, Yingrui Xi, and Cui Zou explore the challenges and opportunities that Industry 4.0 presents in four groups of countries: developed, newly industrialized, developing, and least-developed. Industry 4.0 will impact countries in these development stages differently. The article discusses the factors that will impact the development of Industry 4.0 and provides suggestions for countries to avoid the risks inherent in Industry 4.0 and capitalize on opportunities to develop their economies. The article is beneficial to business executives as they contemplate investment decisions related to Industry 4.0.
Article
Industry 4.0: Challenges and Opportunities in Different Countries
Posted July 31, 2019 | Leadership | Technology | Amplify
About The Author
Keng Siau is Chair of the Department of Business and Information Technology at the Missouri University of Science and Technology. Previously, he was the Edwin J. Faulkner Chair Professor and Full Professor of Management at the University of Nebraska-Lincoln (UNL), where he was Director of the UNL-IBM Global Innovation Hub. Dr. Siau also served as VP of Education for the Association for Information Systems. He is Editor-in-Chief of Journal of… Read More
Yingrui Xi is currently pursuing a master of science degree in information science and technology at the Missouri University of Science and Technology. Ms. Xi received a bachelor’s degree in administrative management from Hainan University, China. She can be reached at yxkhc@mst.edu.
Cui Zou is a Specialist/Instructor in the Department of Business and Information Technology at the Missouri University of Science and Technology (Missouri S&T). She teaches courses on artificial intelligence and machine learning, data science, and human-computer interaction. Ms. Zou has several years’ industry experience with Aluminum Corporation of China, China Valves Technology, and TCL Multimedia. She holds a master of science degree in… Read More
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