The pre-requisites for any company in Industry-4.0 are: Priorities, Capabilities and Mind-sets. World has a wide scope for improvement digitally.
Industry 4.0 (IIoT) is the combination of Information Technology and Operational Technology (Lean). In Industry 4.0 era, the proven principles of Lean such as reducing waste in the form of machine breakdowns or non-value adding activities will remain fundamental. At the same time, advancements in data collections, sensors, robotics & automation, new technologies, and increased computing power will enable advanced analytics and give established methods a new edge.