Table 6

Factor analysis for the measures of Industry 4.0 transformation

Correlation matrix
Implementation level of Industry 4.0 applicationsPlans for strategies of Industry 4.0Budget allocated for Industry 4.0 applications past two years
CorrelationImplementation level of Industry 4.0 applications1,0000.8300.810
Plans for strategies of Industry 4.00.8301,0000.779
Budget allocated for Industry 4.0 applications past two years0.8100.7791,000
KMO and Bartlett's test
Kaiser–Meyer–Olkin Measure of Sampling Adequacy0.760
Bartlett's test of sphericityApprox. Chi-Square235,078
Df3
Sig0.000
Component matrixa
Component
1
Implementation level of Industry 4.0 applications0.944
Plans for strategies of Industry 4.00.932
Budget allocated for Industry 4.0 applications past two years0.924
Note(s): Extraction Method: Principal Component Analysis
a. 1 component extracted
Total variance explained
ComponentInitial eigenvaluesExtraction sums of squared loadings
Total% of varianceCumulative %Total% of varianceCumulative %
12,61387,09087,0902,61387,09087,090
20.2237,44794,536   
30.1645,464100,000   
Note(s): Extraction Method: Principal Component Analysis
Reliability statistics
Cronbach's alphaN of items
0.9113

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