A Review on Challenges and Opportunities for Implementing Industry 4.0 in India

Abstract

The globalization and the competitiveness are enforcing organizations to readdress and innovate their production processes. The world is entering a new era of industrial emanating technology in automation and data exchange through the use of Internet of Things called fourth technological revolution or Industry 4.0. It represents the amalgamation of tools already used in the past such as big data; cloud, robot, 3D printing, simulation, etc. are now connected into an internet to transmit digital data. For the implementation of this new paradigm, there are many opportunities and also many challenges. This paper highlights brief introduction on challenges and opportunities for implementation of Industry 4.0 in India.