Abstract
The manufacturing sector plays a key part in the advancement of the Malaysian economy. The various challenges encountered by the manufacturing industries, such as social, environmental, economic and technological, have prompted the assimilation of technology with production for enhancing operational efficacy. The inclination of the manufacturing sectors in Industry 4.0 can signify the relationship of the company structure with the facets of Industry 4.0. The firms comprise national, GLCs, SMEs and multinationals, which encompass all the manufacturing entities in Malaysia. Based on the model, the challenges pertaining to applying Industry 4.0 have been reflecting for companies that could also be referred for countering the weakness portions. Many companies have implemented IoT to enhance production as well as offer customer-oriented service. Simultaneously, companies’ organisational structure has been designed to quickly adapt with the latest development in technologies. Due to high investment costs, the companies’ willingness to invest in Industry 4.0 has reduced significantly, which has deterred many companies to implement Industry 4.0. The companies demonstrated low implementation of cloud service as well as standard security to safeguard the companies’ database from getting stolen or compromised. This is caused due to high cost associated with cloud computing service as well as low awareness pertaining to the implementation of big data analytics. The manufacturing companies have demonstrated positive motivation pertaining to the Industry 4.0 development from the beginner level.
