Developing an industry 4.0 readiness model using fuzzy cognitive maps approach

Industry 4.0, or the fourth industrial revolution, is a new paradigm in manufacturing digitalization, which provides various opportunities for enterprises. 4.0 readiness models are worthy methods to aid organizations tracking development of their businesses and operations. Nevertheless, there different models; no work has yet analyzed degree causal effects relationships using fuzzy cognitive maps. This paper proposes an model that consists requirements obtained from literature validated through mixed-method approach, including reviews questionnaires. To validate proposed model, exploratory factor analysis confirmatory used. Fuzzy Cognitive Map utilized assess readiness, identify relevant concepts improve degree, implement analyze among dimensions. Through this FCM method, managers can recognize predict complicated cause-effect two states static dynamic analyses increase degree. The concludes by emphasizing managerial implications successful applications practice as well future research suggestions on developing model.