Digital readiness level (DLR) and technology organization environment (TOE) methodology implementation on SME-s industry 4.0 implementation

Implementation of Industry 4.0 to Small and Medium Enterprises (SMEs) induces various challenges. The investigation of these issues affecting SMEs is extremely rare, and thus this research has theoretical and especially practical implication on spreading Industry 4.0 implementation. The research is focused on implementation of the Digital Readiness Level (DRL) model and the Technology Organization Environment (TOE) framework for SMEs analyzing Industry 4.0 implementation and readiness. Research demonstrates the suitability of these two models and their shared dimensions. These elements and dimensions are applied to SMEs' digital readiness for Industry 4.0 and serve as suitable instruments for this kind of examination. According to research, there are a number of new influencing factors that are crucial for the implementation of Industry 4.0. These include the volatility of business process parameters, business specificity, user satisfaction, service quality, workforce presence, external knowledge inclusion, funding program research, and the visualization of future improvements. The study suggests aspects that are of main interest to be implemented for the successful implementation of Industry 4.0 based on analysed factors and outcomes.