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World over, industry 4.0 (I4.0) is becoming one of the big buzzwords with transformative technologies, which refers to smart factories. Industry 4.0 technologies have the capacity to better resolve th...e challenges of increasing manufacturing sector complexity and competitiveness. The practitioners need to understand the emerging technologies and their effectiveness for successfully adopting them in manufacturing. This paper focuses on prioritizing the potential technologies of Industry 4.0 and ranking those using the multi-criteria decision-making (MCDM) technique. Seven I4.0 technologies were identified that have potential applications in the modernization and automation of manufacturing organizations. Further, the technologies are validated after incorporating input from academia and industrial experts. The analytical hierarchy process (AHP) is applied to rank the identified technologies, and consistency is checked for the correct result. The results reveal that “Cyber-Physical System” has the highest priority among all technologies in I4.0 with a weight of 0.402. “Cyber-Physical System” occupied first rank with 0.402 criteria weight, meaning this technology has the most significant role in the implementation of industry 4.0 concepts, followed by “Big Data Analysis” and “Internet of Things” with criteria weightages of 0.194 and 0.159.show more
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