UNDERSTANDING CHALLENGES IN IOT (INTERNET OF THINGS) ADOPTION, FACED BY ENGINEERING MANUFACTURING COMPANIES, IN PUNE (INDIA).

Anushka Rajendra Shembekar; Hemant Keshav Abhyankar

Volume : X, Issue : V, May - 2020

UNDERSTANDING CHALLENGES IN IOT (INTERNET OF THINGS) ADOPTION, FACED BY ENGINEERING MANUFACTURING COMPANIES, IN PUNE (INDIA).

Anushka Rajendra Shembekar, Hemant Keshav Abhyankar

Abstract :

As manufacturing sector is getting ready for Industry 4.0, the researchers have investigated challenges faced by the proactive large scale manufacturers, of Pune region, in India, for the adoption of IoT (Internet of Things) for their production plants. The researchers identified manufacturers who are engaged in implementing IoT for their manufacturing companies and interacted with the top level decision makers, who are a part of IoT adoption process. This research article gives an insight to the parameters faced by manufacturers, for the adoption of IoT. The parameters include, Capital investment for IoT adoption, Business process change –change management in the organization, Availability of special Skill–sets, Vendor finalization for IoT implementation, Expectation of immediate ROI (Return on Investment), Requirement clarity etc.