Developing Internet of Things Maturity Model (Iot-Mm) for Manufacturing

The Manufacturing sector in India is still not globally competitive (Deloitte, 2018) due to over emphasis on labour based production, lesser automation, legacy manufacturing assets and production plants, energy inefficient systems, usage of Information Technology to integrate the physical and cyber world for potential benefits which other countries have adopted (Rockstorm, 2018) is almost non-existent. According to sources adoption of IoT enabled Industry 4.0 can lead to decrease of production costs by up to 30%, logistics costs by 30% and quality management costs by up to 20% (Thomas, 2016). This study starts with a literature review of the factors that determine the manufacturing competitiveness index of India and how other developed countries are proceeding in these as compared to India. The study proceeds with identification of key determinants or constructs (abstract dimensions) of measuring the IoT maturity of any organization along with their relative weights and then identify the key factors (measurable) inside each construct. These constructs are hypothesized to be the building blocks of any IoT strategy to be adopted by Indian manufacturing concerns. By using these constructs definition, along with factors and possible measurable states, in which the factors can exist, an excel based IoT Maturity Self-Assessment tool has been developed which can be used by target Indian manufacturing organizations to identify their current state of preparedness. The objective of this study is to define an Internet of Things Maturity Model (IoT-MM) which can be used by organizations to assess their current status. Indian manufacturing has started adopting IoT but in a disoriented manner, with adoption being guided more by technology consideration than a holistic business drive and consideration encompassing the benefits of productivity, energy conservation and environmental management.