Global industry is rapidly shifting towards implementation of advanced technology in wake of fourth industrial revolution (i.e., Industry 4.0). Industrial sector which comprises of chemicals & materials, automotive & transportation, healthcare, aerospace & defence and information & telecommunication among others are witnessing exponential growth. Technology modernization and disruption is being carried out in many countries which effectively transforms the industrial ecosystem comprising of production, management, and governance. While many organizations may still deny about the impact of Fourth Industrial Revolution on their business, several others are implementing changes and preparing for a future where machine escalating their business smart.

Internet of Things (IoT) acts as a key component for the digitisation of manufacturing process and related value chain. IoT helps in establishing a digital network among all the participant nodes of the industrial value chain, which is also known as a ‘digitally-networked society’. The importance of digitisation for various businesses is such that the growth strategies and operational efficiencies are dependent on it. Effective implementation of strategies is one of the key benefits offered by the adoption of a digitally networked industrial space. However, as for the businesses that refuse to adapt to Industry 4.0 or are slow to implement the manufacturing digitisation are prone to competitive disadvantages which might result into them losing a significant amount of market share in terms of sale and revenue. On the other hand, the companies that embrace the technological advancement in terms of digitisation of manufacturing activities may benefit from their investments in terms of growing returns and rising overall productivity.

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The report covering Industry 4.0 & related technologies offered by Pukka Partners provide emphasis upon various growth parameters, technological developments undertaken by key industry players as well as start-ups, government policies, and wide range of opportunities offered by digitisation of manufacturing activities across globe. The study demystifies whole area of Industry 4.0 by elaborating the competitive applications in various industrial sectors. Additionally, the effects of COVID-19 and relative factors that propel the industrial adoption of digitisation is also covered in detail within the scope of this study.