Developing an Industry 4.0 Readiness Model for Indian Engineering Industries

International Journal of Management, Technology, and Social Sciences (IJMTS), 5(2), 141-153. (2020), ISSN: 2581-6012.

11 Pages Posted: 20 Oct 2020

See all articles by Michael Sony

Michael Sony

affiliation not provided to SSRN

P. S. Aithal

Srinivas University

Date Written: September 1, 2020

Abstract

For India to be a global economic superpower, the Indian Engineering Industry which at present is the largest foreign exchange earner must make its strong presence in the global markets. Industry 4.0 is one such initiative which has the power to transform the Indian Engineering Industry to be globally competitive along several strategic dimensions. Industry 4.0 is gradually making inroads and yet, there is no model to assess whether the Indian Engineering Industry is prepared to implement Industry 4.0. This study develops a multi-dimensional Industry 4.0 readiness model by analyzing in-depth the extant literature. A theoretical framework for assessment is developed. Further, the developed model is qualitatively analysed using the ABCD framework. Practical application of Industry 4.0 readiness model in Indian Engineering Industries is discussed. This is the first Industry 4.0 readiness model developed for Indian Engineering Industries.

Keywords: Industry 4.0, Readiness Model, Indian Engineering Industry, ABCD Framework, Industry 4.0 Implementation

Suggested Citation

Sony, Michael and Aithal, P. S., Developing an Industry 4.0 Readiness Model for Indian Engineering Industries (September 1, 2020). International Journal of Management, Technology, and Social Sciences (IJMTS), 5(2), 141-153. (2020), ISSN: 2581-6012., Available at SSRN: https://ssrn.com/abstract=3684688

Michael Sony

affiliation not provided to SSRN

P. S. Aithal (Contact Author)

Srinivas University ( email )

Srinivas Campus
Pandeshwar
Mangalore, Mangalore 575001
India
9343348392 (Phone)

HOME PAGE: http://www.srinivasuniversity.ac.in

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
39
Abstract Views
148
PlumX Metrics