Conceptual Framework to Assess the Maturity and Readiness Towards Industry 4.0

The paper provides a comprehensive framework to assess, i.e. serves as the diagnostic tool to assess the current capabilities of an organization. First, to provide a prescriptive purpose in order to identify future desirable levels and provide holistic improvement guidelines for the organization in terms of maturity and readiness of a manufacturing organization. Second, to discuss the current status and policies of India towards Industry 4.0. To successfully transform Indian Manufacturing industry towards Industry 4.0, it is necessary to clearly define strategies, standard technological policies taking all stakeholders into account to build strong technological standard roadmap with a strong economic and social system that can quickly respond to any unexpected changes in the sector.