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An Empirical Investigation of Industry 4.0 Preparedness in India

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  • Neeraj Singhal

Abstract

The term ‘Industry 4.0’ or the fourth Industrial Revolution refers to the addition of smart technology to traditional manufacturing and industrial practices. This practice was first introduced by the German government in the year 2011 to empower its economy. The trend steadily gained roots and spread to other countries across the globe. This study explores the preparedness of select Indian industries to implement Industry 4.0, or in other words, build smart factories using innovative technologies. It also throws light on the benefits, challenges, drivers and barriers to Industry 4.0 in the Indian context. Based on data from corporate executives, it also highlights issues and challenges related to investment cost, skills gap and data security in implementing Industry 4.0. The study also provides a framework for a mapping application to map the qualities, benefits and challenges faced by selected Indian industries at two levels: concept implementation and the full implementation.

Suggested Citation

  • Neeraj Singhal, 2021. "An Empirical Investigation of Industry 4.0 Preparedness in India," Vision, , vol. 25(3), pages 300-311, September.
    • Handle: RePEc:sae:vision:v:25:y:2021:i:3:p:300-311
    DOI: 10.1177/0972262920950066
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    References listed on IDEAS

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    1. Dmitry Ivanov & Alexandre Dolgui & Boris Sokolov & Frank Werner & Marina Ivanova, 2016. "A dynamic model and an algorithm for short-term supply chain scheduling in the smart factory industry 4.0," International Journal of Production Research, Taylor & Francis Journals, vol. 54(2), pages 386-402, January.
    2. Sakgasem RAMINGWONG & Wapee MANOPINIWES & Varattaya JANGKRAJARNG, 2019. "Human Factors Of Thailand Toward Industry 4.0," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 11(1), pages 15-25, March.
    3. Shaohua Yi & Jie Xie, 2017. "A study on the dynamic comparison of logistics industry’s correlation effects in China," China Finance and Economic Review, Springer, vol. 5(1), pages 1-26, December.
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    Cited by:

    1. Harshad Sonar & Vivek Khanzode & Milind Akarte, 2022. "Additive Manufacturing Enabled Supply Chain Management: A Review and Research Directions," Vision, , vol. 26(2), pages 147-162, June.

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