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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Azuma, R. T. (1997). A survey of augmented reality. Presence: Teleoperators and virtual environments, 6(4), 355–385.
Bai, C., & Thuemmler, C. (2017). Health 4.0: How virtualization and big data are revolutionizing healthcare. Springer. https://doi.org/10.1007/978-3-319-47617-9.
Barreto, L., Amaral, A., & Pereira, T. (2017). Industry 4.0 implications in logistics: An overview. Procedia Manufacturing, 13, 1245–1252.
BCG. (2015). Industry 4.0: The future of productivity and growth in manufacturing industries. https://imagesrc.bcg.com/Images/Industry_40_Future_of_Productivity_April_2015_tcm9-61694.pdf
Bhalla, M., & Kohli, H. S. (2016). The world In 2050: Striving for a more just, prosperous, and harmonious global community. India Quarterly, 72(4), 425–428.
Brettel, M., Friederichsen, N., Keller, M., & Rosenberg, M. (2014). How virtualization, decentralization and network building change the manufacturing landscape: An Industry 4.0 perspective. World Academy of Science, Engineering and Technology, International Journal of Information and Communication Engineering, 8(1), 37–44.
Ghemawat, P. (2017). Globalization in the age of Trump. Harvard Business Review, 95(4), 112–123.
Gilchrist, A. (2016). Industry 4.0: The industrial internet of things. Apress.
Gla, B. R., & Leukert, B. (2018). Retail 4.0: The digitization of retail-strategies, technologies, transformation (1st ed.). Springer International Publishing AG.
Jarrahi, F., Pezzotta, G., Cimini, C., & Gaiardelli, P. (2017). Smart service strategies in Industry 4.0: a proposal of a readiness assessment methodology. In S. West, Gebauer, H., & Baines, T., (eds.) Proceedings of the spring servitization conference 2017 “Internationalisation through Servitization” (pp. 232–240). Lucerne University of Applied Sciences and Arts, May 15–17, ISBN 978-1-85449-418-4.
Kagermann, H., Wahlster, W., & Helbig, J. (2013). Recommendations for implementing the strategic initiative Industrie 4.0: Final report of the Industrie 4.0 Working Group. Communication Promoters Group of the Industry-Science Research.
Li, D., Fasth, Fast-Berglund, Å, Paulin, D. (2019). Current and future Industry 4.0 capabilities for information and knowledge sharing: Case of two Swedish SMEs. The International Journal of Advanced Manufacturing Technology, 105:3951–3963.
Li, Z. (2018). Telecommunication 4.0: Reinvention of the communication network. Springer.
Mosconi, F. (2015). The new European industrial policy: Global competitiveness and the manufacturing renaissance. Routledge.
Pwc (2016). Industry 4.0: Building the digital enterprise. https://www.pwc.com/gx/en/industries-4.0-building-your-digital enterprise-april-2016.pdf
Roblek, V., Meško, M., & Krapež, A. (2016). A complex view of Industry 4.0. SAGE Open. https://doi.org/10.1177/2158244016653987.
Sommer, L. (2015). Industrial revolution—Industry 4.0: Are German manufacturing SMEs the first victims of this revolution? Journal of Industrial Engineering and Management, 8, 1512–1532.
Stentoft, J., Wickstrøm Jensen, K., Philipsen, K., Haug, A. (2020). Drivers and barriers for Industry 4.0 readiness and practice: empirical evidence from small and medium-sized manufacturers. In Proceedings of the 52nd Hawaii international conference on system sciences, production planning & control (pp. 5155–5164).
Wiesner, S., Gaiardelli, P., Gritti, N., Oberti, G. (2018). Maturity models for digitalization in manufacturing—Applicability for SMEs. In: IFIP international conference on advances in production management systems (APMS) (pp. 81–88), Aug 2018.
Zhong, R. Y., Xu, X., Klotz, E., Newman, S. T. (2017). Intelligent manufacturing in the context of Industry 4.0: A Review [J].Engineering, 3(5):616–630.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Sehgal, R., Khanna, A., Dubey, A.M., Khanna, P. (2022). Industry 4.0: A Paradigm Shift in Technological Approach for Business Organization and Society. In: Gupta, A., Tewary, T., Gopalakrishnan, B.N. (eds) Sustainability in the Gig Economy. Springer, Singapore. https://doi.org/10.1007/978-981-16-8406-7_17
Download citation
DOI: https://doi.org/10.1007/978-981-16-8406-7_17
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-16-8405-0
Online ISBN: 978-981-16-8406-7
eBook Packages: Business and ManagementBusiness and Management (R0)