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Correlation Matrix of Industry Influences

This document contains a correlation matrix that shows the level of influence between 10 different factors related to Industry 4.0 adoption. The matrix uses a scale of 0 to 3 to indicate no influence, low influence, medium influence, and high influence. It also lists the 10 factors which include issues like lack of skilled workforce, cyber security challenges, and long payback periods for new technologies.

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Ankit Vyas
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75 views2 pages

Correlation Matrix of Industry Influences

This document contains a correlation matrix that shows the level of influence between 10 different factors related to Industry 4.0 adoption. The matrix uses a scale of 0 to 3 to indicate no influence, low influence, medium influence, and high influence. It also lists the 10 factors which include issues like lack of skilled workforce, cyber security challenges, and long payback periods for new technologies.

Uploaded by

Ankit Vyas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Correlation Matrix | Responses

Expert Details:
Rahul Dinkar

B1 B2 B3 B4 B5 B6 B7 B8 B9 B10
B1 0 0 3 2 0 2 3 2 3 2
B2 0 1 0 0 0 0 1 2 3
B3 0 2 2 1 0 3 3 3
B4 0 0 0 1 2 2 3
B5 0 0 2 0 0 0
B6 0 1 3 2 1
B7 0 1 1 2
B8 0 1 2
B9 0 3
B10 0

B1 Less usage of web based technologies Scale Relationship


B2 Unavailability of green technology 0 No-influence
B3 Cyber security issues for database management 1 Low-influence
B4 Long payback period 2 Medium-influence
B5 Collaboration and Industrial association for generating investments 3 High-influence
B6 Lack of realization of prolonged impact of Industry 4.0
B7 Bias towards traditional method of manufacturing
B8 Lack of infrastructure
B9 Unavailability of skilled workforce
B10 Need of significant amount of research
Prepared by: Anant Vashistha | Ankit | Anshul Bajpai

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