Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This study delves into the symbiotic relationship between Micro, Small & Medium Enterprises (MSMEs) and Industry 4.0, exploring how their synergy contributes to achieving sustainable development. Employing a quantitative approach, a structured questionnaire was administered to a convenient sample of 480 industrial professionals through Google Forms. The study focuses on the adoption of Industry 4.0 technologies, technological integration, and innovation within MSMEs. Utilizing data filtering techniques, the Smart-PLS analysis elucidates the intricate relationships among these variables. Results indicate a positive impact of Industry 4.0 adoption on MSMEs, emphasizing the need for supportive policies and incentives. This research not only contributes to the understanding of the interplay between MSMEs and Industry 4.0 but also provides policy implications specifically tailored for energy professionals, offering insights into how sustainable development goals can be achieved within this dynamic ecosystem.
Keywords:
Industry 4.0, Synergy, Sustainable Development, Exploration, Technological Integration.
Cite Article:
"Exploring the Synergy of Micro, Small and Medium Enterprises (MSMEs) and Industry 4.0 to Achieve Sustainable Development", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 3, page no.153 - 158, March-2024, Available :http://www.ijrti.org/papers/IJRTI2403021.pdf
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000205112
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator