Adoption of Smart Technologies: An Indian Perspective

In the process of introducing smart technologies into manufacturing, the firm is lagging from emerging countries. It is evident that the developed countries are leading in the adoption of advanced technologies, which include digitalization and integration of big data, IoT, and blockchain. The emerging countries have shown resistance in adoption of smart technology and are required to enhance the adaptability towards modern technologies. This research aims to investigate the implementation of Smart technologies in companies from emerging countries. For this purpose, the relevant smart technologies are identified that are required to adopt in order to become competitive in the global market. The results indicate that there is a lack of adoption of Smart technologies, which is becoming a major barrier in the move towards universal evolution towards Industry 4.0.