RANKING OF THE BARRIERS TO IMPLEMENTING INDUSTRY 4.0 IN MANUFACTURING INDUSTRY

Abstract

Industry 4.0 leads to the fourth revolution of the industry with digitalization of the industrial processes. It has been observed that the manufacturing industry is facing many barriers. These barriers are related to government policy, management initiatives, human resources, infrastructure and financial resources, and technology. To prioritize or making the important ranking of the barriers Best-Worst Method is applied. Best-Worst Method is the extension of the Analytic Hierarchy Process. It is found that lack of Infrastructure, Lack of financial resources, lack of government initiatives, high complexity, and cyber security and data ownership issues are five important barriers in the order of decreasing importance. This study may help the manager to remove the barriers in the implementation of Industry 4.0.