Navigating the Fourth Industrial Revolution in the Publishing Industry of Bangladesh: Preparedness, Problems and Prospects

Abstract

The study has explored the perception and preparedness of the publishing industry of Bangladesh, identify problems, analyze the current situation, explore potential prospect. The diffusion of innovation theory has been employed to comprehend the tendency of publishers to embrace new technologies that offer a comprehensive understanding of the current situation and future possibilities of the publishing industry. This research has been conducted through interviews with thirty publishers and two experts who have ideas about the publishing industry and industrial revolutions. A purposive sampling strategy has been employed to choose the desired sample. An open-ended questionnaire has been designed to gather essential information from industry experts and publishers. The result shows that most of the publishers are unaware about the fourth industrial revolution and the preparedness level is also not quite satisfactory. The publishing industry, despite recent technological advancements, is still in the third industrial revolution phase, with young and new publishers showing a strong willingness to adapt to fourth industrial revolution technologies. The primary issue is the absence of a skilled workforce in the publishing industry and the financial constraints faced by publishers. The publishing industry of Bangladesh has the potential for growth and development during the fourth industrial revolution, but requires government and private support. The study recommends implementing awareness programs for publishers and associates to enhance their technological literacy and adaptability to the Industrial Revolution.

Social Science Review, Vol. 41(2), December 2024, pp. 169-194