Modern Approaches and Implications Toward Industry 4.0
Document Type
Syllabus
Publication Date
1-1-2024
Abstract
Industry 4.0 heralds a watershed moment in production, with the combination of modern technologies and data-driven methodologies ushering in smart, self-regulating industrial ecosystems. cyber-physical systems (CPS), the Industrial Internet of Things (IIoT), sophisticated analytics, machine learning (ML), robotics, and additive manufacturing are examples of advances in this age. These technologies are critical for tackling issues like increasing industrial efficiency, enabling mass customization, and improving sustainable practices. Their use in industrial contexts highlights the implications for workforce evolution, cybersecurity, and return on investment. The collaboration and interdependence of various sectors becomes indispensable in which involvement of leading industry becomes extensively important as such collaborations pave way for implementation of methodologies proposed in Industry 4.0 to provide useful strategies and research in order to embrace the ideas proposed through these methodologies. In the global economy, stated strategies are going to help the industries to reserve and enhance their competitive benefits. Implementation of these unique concepts can advance their functioning processes. The implementation of Industry 4.0 technology depends upon the formation of framework. In present dynamic technological era, industries and organizations need to emphasize on continuous enhancement and adaptation. Overall, this study provides various aspects and views on the requirement of advance developments and dynamic changes in the industrial sector. It is anticipated that future developments will bring forth new innovations in the field of contemporary manufacturing in addition to increasing productivity and process efficiency in industry.
Identifier
85207555444 (Scopus)
ISBN
[9781394242641, 9781394242610]
Publication Title
Knowledge Management and Industry Revolution 4.0
External Full Text Location
https://doi.org/10.1002/9781394242641.ch8
First Page
197
Last Page
238
Recommended Citation
Shukla, Bishnu Kant; Tripathi, Amit; Bharti, Gaurav; Parashar, Bhupender; Bhardwaj, Nitin; Gupta, Aakash; and Verma, Shivam, "Modern Approaches and Implications Toward Industry 4.0" (2024). Faculty Publications. 837.
https://digitalcommons.njit.edu/fac_pubs/837
