A REVIEW ON INDUSTRY FRAMEWORK 4.0 MATURITY MODELS FOR SME INDUSTRY
Keywords:
Industry 4.0 Maturity Model, SMEs, Productivity, Transformation, financial instrumentsAbstract
This study magnifies "Industry 4.0 Maturity Model" benefits for SME industries. It includes improved productivity through reducing costs. SMEs in India can improve their business structure through this model. SMEs of India magnify the facilities from Industry 4.0 technologies. Advanced machines and systems are involved in the industrial growth that manipulates manufacturing progress. This study has concluded that SME industries need to improve their system errors through the use of the industry 4.0 framework. It modifies the manufacturing system, which delivers huge effectiveness.
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References
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