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Industry 4.0 Adaption in Indian Banking Sector—A Review and Agenda for Future Research

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  • Ritika Gupta

Abstract

Digitalization and intelligization is the need of the hour in today’s world. The manufacturing industry is, in fact, moving towards the fourth-generation industry, which we termed as Industry 4.0 or the Fourth Industrial revolution, which is defined as a new level of organization and control over the entire value chain of the life cycle of products; it is geared towards increasingly individualized customer requirements. Industry 4.0 is all about talking in terms of big data, technology, cyber security, the Internet of Things (IoT) and so on. This study is done to understand the new emerging technology in data exchange and automation, popularly known as Industry 4.0, in terms of banking sector with context to the Indian banking sector. The study focuses on studying banks in a digitalized word and what are the challenges that banks face. How banks cope up with digitalization, keeping customers at priority. This study centred on incorporating articles published in recent years to establish knowledge on the topic and to further identify areas for future research.

Suggested Citation

  • Ritika Gupta, 2023. "Industry 4.0 Adaption in Indian Banking Sector—A Review and Agenda for Future Research," Vision, , vol. 27(1), pages 24-32, February.
    • Handle: RePEc:sae:vision:v:27:y:2023:i:1:p:24-32
    DOI: 10.1177/0972262921996829
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    References listed on IDEAS

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    1. Sven-Vegard Buer & Jan Ola Strandhagen & Felix T. S. Chan, 2018. "The link between Industry 4.0 and lean manufacturing: mapping current research and establishing a research agenda," International Journal of Production Research, Taylor & Francis Journals, vol. 56(8), pages 2924-2940, April.
    2. Gunnar Prause & Gunnar Prause & Sina Atari, 2017. "On sustainable production networks for Industry 4.0," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 421-431, June.
    3. Gunnar Prause & Sina Atari, 2017. "On sustainable production networks for Industry 4.0," Post-Print hal-01860909, HAL.
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