Track: Undergraduate Student Paper Competition
Abstract
The world faces a fourth industrial revolution, known as Industry 4.0, following the first three revolutions: mechanizing production, energizing production, and automating production. Industry 4.0 focuses on digitizing and optimizing production in order to keep up with the increasing and ever-changing customer demands. This research establishes a maturity model (MM) for companies and organizations to assess their readiness towards integrating Industry 4.0, regardless of their business domain. The utilization of the maturity model allows these professional associations to develop a personalized implementation plan for Industry 4.0.