Navigating the Industry 4.0 frontier: Unveiling perceived risk and cost moderators in technology adoption

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dc.contributor.authorJum’a, Luay
dc.contributor.authorAlkhodary, Dina
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2024-09-06T08:23:15Z
dc.date.available2024-09-06T08:23:15Z
dc.description.abstractThe advent of Industry 4.0 (I4.0) brought about significant transformations within the realm of business management. Industries are increasingly adopting innovative practices and implementing smart supply chain operations through the adoption of I4.0 technologies. Therefore, this study aims to investigate the factors that influence the adoption of I4.0 in supply chain operations. To accomplish this, an extended unified theory of acceptance and use of technology (UTAUT) model was applied, with perceived risk and cost acting as moderators in the context of the manufacturing sector. The study used a quantitative research methodology, with a sample size of 276 participants who held managerial positions at various levels within the sector. The data were obtained through the use of a structured questionnaire employing a judgmental sampling technique. The findings of the study revealed that both social influence and facilitating conditions had a significant impact on the adoption of I4.0. However, the relationship between social influence and I4.0 adoption was only moderated by perceived risk and cost. The aforementioned findings indicate that it is imperative that firms give precedence to the establishment of a conducive environment and culture that nurture innovation and promote the assimilation of cutting-edge technologies. Furthermore, it is essential for individuals to prioritize the establishment of strong networks and collaborations in order to effectively leverage the advantages offered by the I4.0. The implications of this study offer valuable insights for policymakers, practitioners, and researchers in the field of I4.0 and technology adoption. These insights pertain to the significant factors that influence the decision to adopt I4.0 and the anticipated applications of I4.0 within the supply chain.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2024-5-006
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/175284
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectIndustry 4.0en
dc.subjecttechnology adoptionen
dc.subjectUTAUTen
dc.subjectmanufacturing firmsen
dc.subjectSDG17en
dc.subject.classificationM11
dc.subject.classificationM15
dc.subject.classificationL60
dc.titleNavigating the Industry 4.0 frontier: Unveiling perceived risk and cost moderators in technology adoptionen
dc.typeArticleen
local.accessopen
local.citation.epage71
local.citation.spage53
local.facultyFaculty of Economics
local.filenameEM_3_2024_4
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue3
local.relation.volume27
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