Design of “Industry 4.0 readiness model” for Indian Engineering Industry: Empirical Validation Using Grounded Theory Methodology

Abstract

Industry 4.0 has the potential to transform the Indian Engineering Industry to be globally competitive to satisfy the customer needs. However, Industry 4.0 implementation is gradually making its entry into the Indian markets. The first step before application of Industry 4.0 is to assess whether the organization is ready to apply Industry 4.0. There is a plethora of Industry 4.0 model‘s assessment models, however, recent research suggests none of them captures then dynamics of the modern business environment. Therefore, there is a need for a study to design the ―Industry 4.0 readiness model‖ in Indian Engineering Industry. Through our previous study, we had conceptualised the ―Industry 4.0 readiness model‖, this study extends the work by empirically validating the same using the grounded theory methodology. This is the first empirically validated ―Industry 4.0 readiness model‖ for Indian Engineering Industry.