Industry 4.0: A Paradigm Shift in Technological Approach for Business Organization and Society

Reetika Sehgal (), Anukaran Khanna, Ashish Mohan Dubey and Prateek Khanna
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Reetika Sehgal: UPSIDC Industrial Area
Anukaran Khanna: Birla Institute of Technology and Science
Ashish Mohan Dubey: Birla Institute of Technology
Prateek Khanna: Shambhunath Institute of Engineering and Technology

A chapter in Sustainability in the Gig Economy, 2022, pp 225-242 from Springer

Abstract: Abstract In the history of industries, from beginning, technological advancements have modernized manufacturing and caused a jump in industrialization. The Fourth Industrial Revolution (4IR), popularly known as Industry 4.0, embraces advanced technologies. The production of high-quality goods at lower prices and variety of products could only be possible with advanced production tools and techniques. The main objective of Industry 4.0 is to bring out intelligent robot, smart factories and cyber-physical systems (CPS). This present chapter basically focuses on the concept of Industry 4.0 and highlights the contribution of emerging technologies in this modern era known as Industrial Age. The chapter also discussed the history of all industrial revolutions with the transformation caused by 4IR and its effect on business organizations and society as a whole.

Keywords: Cyber-physical systems; Industry 4.0; Industrial revolution; Technology (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8406-7_17

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DOI: 10.1007/978-981-16-8406-7_17

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