Technological | B-1 | Lack of IT Infrastructure [2, 15] | Bandwidth, speed, protocols, computing facilities, etc |
B-2 | Lack of huge data analytic matured techniques [14] | Able to handle and to analyze the huge volume of manufacturing specific data along with other technological and business data |
B-3 | Missing standards [2, 12, 15] | Lack of standards/ unclear standards/ reference architecture/ dynamic implementation plan |
B-4 | Data insecurity [2, 11, 14-15] | Risk of data loss, manipulation, and privacy |
B-5 | Intelligent decision making system and negotiation mechanism [14] | Artificial intelligent based self learning/ adaptable system backed with the knowledge of experience, expertise, and data available. It is required to infuse autonomous intelligent decision making in the system. |
B-6 | Modular and flexible smart devices which can adapt itself to any change [14] | Devices could be grouped, regrouped, and worked together with integration to IT technologies in such a distributed, flexible, and smart system. |
B-7 | Low maturity level and integration of required technologies [2, 11] | Lack of Matured Technologies required to integrate the physical hardware, software and data analytics |
B-8 | Very high complexity [2, 11] | Highly complex in terms of both physical and technological |
B-9 | Poor compatibility of current solutions/ devices with existing systems [15] | Presently available devices/ Machines/ artifacts and technologies are not fully compatible with the required |
Economical | B-10 | High investment [11, 14-15] | It needs a very huge capital investment, lack of transparent cost-benefit analyzes, lack of clear comprehension about benefits |
B-11 | Missing cooperation partners and funding [2] | Similar to financial institutions |
Socio-Economical | B-12 | Lack of management support [2, 15] | Organizational and process change/ difficulty to form an Industry 4.0 strategy |
B-13 | Missing government support [2] | E.g. funding, regulations, education, training |
Social | B-14 | Unwanted strain to the man power [2, 15] | Employment disruption, possible job loss |
B-15 | Lack of properly qualified/ skilled man power [15] | Lack of knowledge of required technical know-how and skills to the existing and available man power |
B-16 | Lack of regulatory mechanism [9] | Lack of clear laws and legal support, etc |