Role of Industry 4.0 in Albanian Industry Transformation: An Integrated Understanding of Industry 4.0

Nowadays, industrial conditions change quickly due to the influence of globalization as well as sociological, technological, economic, and political factors. On top of that, industries have revolutionized, and continuous upgrades has taken place to strengthen its functionality of resources sharing and integration capabilities of functional units. The goal of this article is to understand and explore how adoption of Industry 4.0 technologies will impact and transform the functions of a company. For this, the index analysis helps us to identify the current potential of the country. Hence, knowing the current challenges and opportunities of the country in relation to Industry 4.0, helps us to devise a realistic implementation model. The study clears the overall picture of Industry 4.0 in the textile industry. This helps, clarifying the concept in a country where technological culture is in low terms, and in a sector where changes are required.