Industry 4.0 and Indian SMEs: A Study of Espousal Challenges using AHP Technique

In the ever-growing field of technological advancements the organizations are moving towards more advanced methods of working. Industry 4.0 and its allied tools are the tools which are growing with rapid pace. While the adoption of I4.0 are greatly embraced by Multinational enterprises, the SME sector are still into infantry stages for its adoption. With the presence of a lot of espousal challenges in front this study is aimed for enumerating those key roadblocks and ranking them with the application of AHP approach. The study highlights the developing economy perspective for Indian subcontinent. The study has highlighted that the technological challenges are the most important barriers which is followed by the organizational barriers. The most important barrier is lack of ICT facilities which hinders the implications of I4.0 across the Indian SMEs.