Industry 4.0 Technologies in a Developing Country

Abstract

Industry 4.0, the Fourth Industrial Revolution, has fundamentally transformed manufacturing by integrating advanced digital technologies like IoT, AI, big data, and the cloud, creating intelligent, interconnected environments. Developed nations have embraced this revolution to enhance efficiency and productivity. However, the adoption of Industry 4.0 is equally vital for developing countries. This study examines how Industry 4.0 can promote economic growth in developing nations, focusing on Costa Rica's successful implementation as a case study. Factors contributing to Costa Rica's success include a skilled workforce, infrastructure investment, and a conducive business environment. The analysis explores Costa Rica's Industry 4.0 readiness, highlighting government initiatives, key benefiting sectors, and preparedness factors. The findings inform policy recommendations for other emerging economies, underscoring Industry 4.0's potential to bridge development gaps and foster sustainable growth.