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Abstract
Industry 4.0 is the revolution of the industry where all machines and their systems are combined together through complex networks in order to achieve higher degree of machine autonomy. Now there are 9 major technological advancements that marks i4.0’s advent. Out of these, 3 (Sensor, AI, AR/VR) have been taken as the most easily industry assimilable and thus their influence on the efficiency of manufacturing industry has been studied in the paper and an Informal model has been presented showing how they positively effect lean production in a modern industry and how their complexity cost and Advancements have a moderating impact on the industry and lean production. Keywords: Industry 4.0, AR and VR, AI, Sensors, Lean Automation, Lean Optimization, Cyber-Physical systems
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