Adoption of Industry 4.0 Technologies in India’s Start-up Ecosystem

Click here to REGISTER


Meeting ID: 827 5799 3171
Passcode: 20230721



Abstract: Industry 4.0 (IR4)—a fusion of old and emerging technologies (e.g., AI, IoT, robotics, 3D printing, blockchain and so on)—is increasingly narrowing down the boundary of physical and digital world. The effective adoption of IR4 technologies can bring about a sea change in productivity growth, facilitate efficient and sustainable utilisation of depletable resources, enable predictive maintenance and can thus bring significant progress to our lives. Analysing the selected IR4 start-ups of India, this paper reveals that IR4 technologies are adopted into several sectors for performing several challenging tasks which cannot be done efficiently and flawlessly by human-beings. It  underscores that the steady improvement in the diffusion of ICT—a precondition for successful adoption of IR4 technologies—has indeed facilitated the adoption of IR4 technologies into Indian start-ups. Moreover, of the total selected IR4 start-ups, one-third have effectively adopted the IR4 technologies, around fifty percent are in initial phase of the adoption, and these adoptions of IR4 technologies are mostly located in metro-cities, not expanded into small cities. The present diffusion of ICT is not enough, therefore it must be diffused expediently to ensure the successful adoption of IR4 technologies in India.