Analyzing an Industry 4 Roadmap as a Tool to Advance the Adoption of the Fourth Industrial Revolution in Developing Countries

Gibran Aguilar Rangel¹, Luis Rodrigo Valencia Perez¹ and Josefina Morgan Beltran^1,

¹Accounting and Management Faculty, Autonomous University of Queretaro, Queretaro, Mexico

Cite this paper:
Gibran Aguilar Rangel, Luis Rodrigo Valencia Perez and Josefina Morgan Beltran. Analyzing an Industry 4 Roadmap as a Tool to Advance the Adoption of the Fourth Industrial Revolution in Developing Countries. Journal of Business and Management Sciences. 2021; 9(2):81-83. doi: 10.12691/jbms-9-2-4

Abstract

The objective of this paper is to analyze whether an Industry 4 Roadmap can be considered a successful tool in order to promote the fourth industrial revolution in companies in developing countries. As a case analysis Mexico’s roadmap was reviewed. First an overview of the particularities of the developing countries are stated, in order to present how Industry 4.0 can potentially affect said economies and why their case is different from other countries. Afterwards a comparison between the advantages and disadvantages of the industry 4 for the companies in a developing country is presented. Finally, Mexico’s Industry 4 Roadmap is briefly explained. The article concludes thar although a roadmap could appear as a useful tool, it is not enough, especially for the SMEs that represent the majority of companies in a country.

Keywords:
Industry 4.0 roadmap MSMEs developing countries fourth industrial revolution

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