Article: Industry 4.0: enabling technologies, application and challenges of implementation Journal: International Journal of Productivity and Quality Management (IJPQM) 2024 Vol.43 No.3 pp.300 - 319 Abstract: Industry 4.0 has been gaining importance exponentially over the last decade due to its incomparable advantages. In the wake of global economic innovation, this noble concept was introduced to the world by German engineers at the industrial trade fair-Hannover Messe in 2011. Such is the impact of globalisation and digitalisation that a terminology called 'Industry 4.0', gained momentum and formed the core of planning and strategies of mega-business organisations. Mastering this state-of-the-art 'pool of disruptive technologies' requires a paradigm shift demanding incorporating a networked ecosystem and reconfiguring applied business models. 'Industry 4.0' sync business modelling enables business transformation from cyber-virtual to cyber-physical systems, co-partnering hardware, software and workforce. It further enables optimising internal and external processes in synergy with disruptive technologies. This paper proposes to apply the PRISMA technique of systematic literature review to explore and review the domain-specific literature. In foresight, the evolution of the concept of Industry 4.0, enabling technologies and challenges of implementation were also discussed. Finally, the conclusion, implications, limitations, and directions for future research were addressed. Inderscience Publishers - linking academia, business and industry through research

Title: Industry 4.0: enabling technologies, application and challenges of implementation

Authors: Sushant Kumar Vishnoi; Naveen Virmani; Teena Bagga; Smriti Mathur; Amit Bhati

Addresses: Institute of Management Studies (IMS), Ghaziabad, Uttar Pradesh, 201009, India ' Institute of Management Studies (IMS), Ghaziabad, Uttar Pradesh, 201009, India ' Amity University, Noida, Uttar Pradesh-201301, India ' Institute of Management Studies (IMS), Ghaziabad, Uttar Pradesh, 201009, India ' Institute of Management Studies (IMS), Ghaziabad, Uttar Pradesh, 201009, India

Abstract: Industry 4.0 has been gaining importance exponentially over the last decade due to its incomparable advantages. In the wake of global economic innovation, this noble concept was introduced to the world by German engineers at the industrial trade fair-Hannover Messe in 2011. Such is the impact of globalisation and digitalisation that a terminology called 'Industry 4.0', gained momentum and formed the core of planning and strategies of mega-business organisations. Mastering this state-of-the-art 'pool of disruptive technologies' requires a paradigm shift demanding incorporating a networked ecosystem and reconfiguring applied business models. 'Industry 4.0' sync business modelling enables business transformation from cyber-virtual to cyber-physical systems, co-partnering hardware, software and workforce. It further enables optimising internal and external processes in synergy with disruptive technologies. This paper proposes to apply the PRISMA technique of systematic literature review to explore and review the domain-specific literature. In foresight, the evolution of the concept of Industry 4.0, enabling technologies and challenges of implementation were also discussed. Finally, the conclusion, implications, limitations, and directions for future research were addressed.

Keywords: cyber-physical systems; enabling technologies; fourth industrial revolution; Industry 4.0; smart factory; smart manufacturing.

DOI: 10.1504/IJPQM.2024.142313

International Journal of Productivity and Quality Management, 2024 Vol.43 No.3, pp.300 - 319

Received: 08 Feb 2022
Accepted: 10 Jul 2022
Published online: 21 Oct 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article

Title: Industry 4.0: enabling technologies, application and challenges of implementation

Keep up-to-date