A survey on the readiness of Industry 4.0 adoption in the manufacturing sectors
Abstract In developed countries, the majority of manufacturing companies are moving to Industry 4.0 to stay competitive. But as far as concerning the developing countries there should be need of proper knowledge about the Industry 4.0. The findings of the survey are presented in this article for evaluating the readiness of manufacturing industries in Indian perspective to adopt Industry 4.0 innovations. Also, readiness factors were validated based on the benefits realized by manufacturing industries as a result of implementing Industry 4.0 technologies through the development of hypotheses. Besides, this survey is the first to examine Industry 4.0 adoption status in Indian manufacturing industries. According to the findings, readiness factors have a significant relationship with the benefits achieved through the implementation of Industry 4.0, and research agenda for the future are discussed.