Industry 4.0 and Its Implications: Concept, Opportunities, and Future Directions

Abstract

This chapter aims to analyze the Industry 4.0 framework, identify the definition and drivers of the Industry 4.0 paradigm, discuss its potential effect, and determine obstacles of the Industry 4.0. For the research methodology, a critical literature review is performed, we relied on the recent studies related to industry 4.0. Findings – This study concluded that Industry 4.0 describes a future production system’s vision; it is an inevitable revolution and radical change, covering a wide range of innovative technologies, and all sectors. Industry 4.0 brings significant advantages to organizations, including real-time data analysis, increased visibility, autonomous monitoring, enhanced productivity, and competitiveness. The key features of Industry 4.0 are collaboration and integration of schemes, both horizontal and vertical. Innovation performs an essential role in organizations, sectors, countries. Industry 4.0 has enormous potential effect in many areas, and its application will have an impact across transforming the work environment. Industry 4.0 leads to potentials in three dimensions of sustainability. The KUKA corporation is an application for industry 4.0, for instance, smart factories, M-2-M, intelligent robots, etc., these technologies help industry 4.0 to separate rapidly. In contrast, there are some barriers, to implementing Industry 4.0 for example financial constraints, technical competency, organizational restraints.

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“…Industry 4.0 has enormous potential effect in many areas, and its application will have an impact across the entire value chain, improving production and engineering processes, improving product and service quality, optimizing customer-organization relationships, bringing new business opportunities and economic benefits, changing educational requirements, and transforming the current work environment [Abdelmajied 2022].…”

“…Industry 4.0 leads to potential in three dimensions of sustainability for example smart factories, M-2-M, smart robots etc. [Abdelmajied 2022].…”

The Digital Twin Paradigm Applied to Soil Quality Assessment: A Systematic Literature Review

“…Grieves and Vickers worked together on adapting the concept of digital twins in the manufacturing sector to improve product lifecycle management [ 8 ]. Recently, in the Industry 4.0 technological umbrella, digital twins was presented as a way to increase productivity, efficiency, and adaptability [ 3 , 9 , 10 , 11 , 12 , 13 ]. The use of digital twins has been reported in the manufacturing process [ 14 ] of the automotive and energy [ 15 ] or even aerospace and health [ 13 ] industries.…”

Labor Law Does Not Exist in a Vacuum in the Era of Industrial Revolution 4.0

“…Today, the industrial world has changed along with the acceleration of the de-velopment of information and communication technology (ICT) in the era of the industrial revolution 4.0 (4th IR) which has an important role (Johnson, 2022), and has implications for real human progress civilization (Kaasinen et al, 2020;Rojko, 2017). The era of the industrial revolution 4.0 describes the vision of a future production system where revolution is inevitable and radical changes include various innovative technologies, and their application will have an impact on the transformation of the work environment (Abdelmajied, 2022). In the era of the industrial revolution 4.0, the focus has shifted from increasing production to increasing productivity in manufacturing, and leading manufacturers are now realizing the significant value of data and analytics, artificial intelligence, and machine learning (Gregolinska et al, 2022).…”

“…In the era of the industrial revolution 4.0, the focus has shifted from increasing production to increasing productivity in manufacturing, and leading manufacturers are now realizing the significant value of data and analytics, artificial intelligence, and machine learning (Gregolinska et al, 2022). Sima et al (2020) stated that automation to achieve connectivity through the use of cyber-physical systems in production processes related to design, processes, operations, and services (Abdelmajied, 2022) keeps people and industry connected (Johnson, 2022). Automation and digitization, causing significant effects such as transformation of jobs and job profiles, changing forms of work, and a more significant role for the platform economy, pose challenges for social policy (Sima et al, 2020), and public policy (Mandl, 2021).…”