Development of innovation ecosystem framework for successful adoption of industry 4.0 enabling technologies in Indian manufacturing industries

Purpose: The purpose of this paper is to develop an industry 4.0 (I4.0) innovation ecosystem framework by exploring the essential components of the same to ensure the collaborative efforts of different stakeholders. Design/methodology/approach: In this research work, important perspectives and their sub-components for the I4.0 innovation ecosystem framework are identified by performing a systematic literature survey of peer-reviewed journal articles. Then, I4.0 challenges among higher education (HE) institutions students and industries in India are explored by adopting the questionnaire-based research approach. Finally, the importance of the identified perspectives and their sub-components and causal relations among components are analyzed by using the decision-making trial and evaluation laboratory method. Findings: From the literature survey, three perspectives and their 45 sub-components are identified for the I4.0 innovation ecosystem framework. The outcomes show that the industry has a direct impact on HE institutions and the government. While HE institutions are most influenced by the industry and government. Research limitations/implications: I4.0 innovation ecosystem framework is developed by analyzing responses received through questionnaires. There are other methods also available for ecosystem framework development, which are beyond this study. Practical implications: This research work will facilitate policy formulation by the government. It will also help the managers to develop strategies for the adoption of I4.0 enabling technologies in their business. Originality/value: This research study gives an idea about the innovation ecosystem framework for the successful adoption of I4.0 enabling technologies in Indian Manufacturing Industries.