This paper is part of the International Journal of Applied Research in Business and Management (ISSN: 2700-8983), Volume 6, Issue 1, published in 2025.
Authors
Alexander Oluka
Abstract
The rapid advancement of Industry 4.0 technologies is transforming the accounting profession, necessitating the integration of artificial intelligence, blockchain, big data analytics, and cloud computing. However, the adoption of these technologies remains inconsistent due to challenges related to technological compatibility, organisational readiness, and regulatory constraints. This study explores the factors influencing Industry 4.0 adoption in accounting using the Technology-Organisation-Environment (TOE) framework. A qualitative research approach was employed, with semi-structured interviews conducted with 13 accounting professionals in managerial and leadership roles. Thematic analysis was used to identify key determinants of adoption, including perceived benefits, financial resources, digital trust, competitive pressure, and regulatory support. The findings reveal that successful adoption depends on aligning new technologies with existing systems, leveraging automation for enhanced efficiency, and adapting to the evolving role of accounting professionals. Additionally, Industry 4.0 is redefining traditional accounting functions, shifting the focus towards strategic decision-making and advisory roles. While adoption challenges persist, particularly for smaller firms with limited resources, strong leadership and investment in workforce development are critical to navigating digital transformation. These insights offer practical implications for accounting professionals, firms, educators, and policymakers aiming to facilitate the seamless integration of Industry 4.0 technologies into accounting practices.
Suggested Citation (APA 7th)
Oluka, A. (2025). Navigating the Future: Industry 4.0 Adoption in Accounting Through the TOE Framework.. International Journal of Applied Research in Business and Management, 6(1). https://doi.org/10.51137/wrp.ijarbm.2025.aont.45738
