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Transforming Indian Engineering Industries through Industry 4.0: An Integrative Conceptual Analysis

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  • Sony, Michael
  • Aithal, Sreeramana

Abstract

The recent innovations in both industrialisation and informatisation technologies have culminated into a new generation of manufacturing paradigm. This manufacturing innovation promises mass customization due to flexibility in manufacturing, improved product quality and safety, new productivity levels, creation of smart products and services. Industry 4.0 is gradually making its presence felt in Indian Industries. Indian Engineering Industries being the largest segment in the Industry, holds immense potential if it embraces Industry 4.0. This research conceptually examines the effect of Industry 4.0 on Indian Engineering Industries on both the heavy and light engineering industries. ABCD framework is used to investigate the effect of Industry 4.0 in these Industries. The study finds that Indian engineering industry can be transformed to produce smart products and services, by the application of Industry 4.0. This is the first study to evaluate the effect of Industry 4.0 on Indian Engineering Industries. It also contributes to the theoretical need for evaluating the effects of Industry 4.0 in the developing world.

Suggested Citation

  • Sony, Michael & Aithal, Sreeramana, 2020. "Transforming Indian Engineering Industries through Industry 4.0: An Integrative Conceptual Analysis," MPRA Paper 102872, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102872
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    File URL: https://mpra.ub.uni-muenchen.de/102872/1/MPRA_paper_102872.pdf
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    References listed on IDEAS

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    1. Gentile, Chiara & Spiller, Nicola & Noci, Giuliano, 2007. "How to Sustain the Customer Experience:: An Overview of Experience Components that Co-create Value With the Customer," European Management Journal, Elsevier, vol. 25(5), pages 395-410, October.
    2. Sony, Michael & Naik, Subhash, 2020. "Industry 4.0 integration with socio-technical systems theory: A systematic review and proposed theoretical model," Technology in Society, Elsevier, vol. 61(C).
    3. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    4. Aithal, Sreeramana & V.T., Shailashree & Kumar, Suresh, 2016. "Application of ABCD Analysis Framework on Private University System in India," MPRA Paper 71769, University Library of Munich, Germany, revised Apr 2016.
    5. Herrmann, Andreas & Huber, Frank & Braunstein, Christine, 2000. "Market-driven product and service design: Bridging the gap between customer needs, quality management, and customer satisfaction," International Journal of Production Economics, Elsevier, vol. 66(1), pages 77-96, June.
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    Cited by:

    1. Sony, Michael & Antony, Jiju & Mc Dermott, Olivia & Garza-Reyes, Jose Arturo, 2021. "An empirical examination of benefits, challenges, and critical success factors of industry 4.0 in manufacturing and service sector," Technology in Society, Elsevier, vol. 67(C).
    2. Sony, Michael & Aithal, Sreeramana, 2020. "Developing an Industry 4.0 Readiness Model for Indian Engineering Industries," MPRA Paper 102875, University Library of Munich, Germany.

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    More about this item

    Keywords

    Industry 4.0; Indian Engineering Industries; Fourth Industrial Revolution; Cyber-Physical Systems;
    All these keywords.

    JEL classification:

    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • N6 - Economic History - - Manufacturing and Construction
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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