SMEs in Failed Transition Towards Industry 4.0: A case study of a Czech SME

Abstract

With upcoming new smart technologies, Small and Medium-sized Enterprises (SMEs) have to deal with the implementation of industry 4.0 and smart principles. Being known for their constraints in human, technical, and financial resources, SMEs may struggle in the transition phase during introducing industry 4.0. A case study from the Czech Republic should shed some light on the opportunities and issues of the introduction of industry 4.0 in an SME in practice.