Information Technology for Smart Business

Abstract

A completely automated production system equipped with cutting-edge digital technologies is referred to as a smart business. Its emergence is viewed in many studies as the beginning of a new wave of production innovation. Smart businesses use a combination of physical and cyber technologies. As more and more objects acquire intelligence, scientists and engineers work to create not only cutting-edge technology but also smarter homes, factories, and even cities. The fourth industrial revolution the current design of the digital factory makes it necessary to construct the smart business in order to make the associated technologies through technology and deep integration of previously independent discrete systems. Despite the recent sharpening of conceptions, it is challenging for industrial companies to build a clear. Within the maze of varying terminology, thoughts and ideas, design a strategic roadmap. This study discusses the smart business in order to provide both researchers and practitioners with more clarity and to consolidate the prior findings. Reduced human operator involvement and an emphasis on automation systems are the main goals of Industry 4.0. However, this goal has shifted in Industry 5.0, which attempts to maintain a balance while maximizing the advantages from human-machine interaction. The goal of Industry 5.0 is to improve the relationship between people's inherent productivity and ever-more-powerful machinery.