Today manufacturing environment is being redesigned by the Fourth Industrial Revolution or namely Industry 4.0 where traditional production methods and tools are being digitally transformed. The concept of Industry 4.0 (I4. 0), a German strategic initiative is aimed at creating an environment where manufacturing technologies are upgraded and transformed with the integration of Internet of Things (IoT) and Cyber-Physical Systems (CPSs) leading to flexible, economic, productive, and sustainable production systems (Kamble et al., 2018; Zhong et al., 2017). Beginning from the first industrial revolution, each advancement has become the processor of the following one and evolved a new version of itself by promising higher level of standards. The emergence of the Fourth Industrial Revolution is therefore deeply rooted in the previous industrial revolutions and Advanced Manufacturing Technologies (AMTs) are cen-