Are SMEs Ready for Industry 4.0 Technologies: An Exploratory Study of I 4.0 Technological Impacts

Industry 4.0 is rapidly growing within the world of digitization and aims to explore the new era of automation plays a crucial role within the industry which requires a constant research and improvements to achieve and sustain themselves in current world of competitive market. Implementation of industry 4.0 technologies pioneer for a profit maximization with cost reduction and has even realized to show a significant refinement in improved sustainability. SME's lacks the understanding and significance of transforming themselves with the extremely complex digital supply chain systems that may leads to losses if they don't embrace now for innovations and implement the latest technological advancements. This paper aims to examine the current trends and impacts of latest technologies within the SME's with the view of key factors of Industry 4.0.