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Industry 4.0: A Paradigm Shift in Technological Approach for Business Organization and Society

In: Sustainability in the Gig Economy

Author

Listed:
  • Reetika Sehgal

    (UPSIDC Industrial Area)

  • Anukaran Khanna

    (Birla Institute of Technology and Science)

  • Ashish Mohan Dubey

    (Birla Institute of Technology)

  • Prateek Khanna

    (Shambhunath Institute of Engineering and Technology)

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.

Suggested Citation

  • Reetika Sehgal & Anukaran Khanna & Ashish Mohan Dubey & Prateek Khanna, 2022. "Industry 4.0: A Paradigm Shift in Technological Approach for Business Organization and Society," Springer Books, in: Ashish Gupta & Tavishi Tewary & Badri Narayanan Gopalakrishnan (ed.), Sustainability in the Gig Economy, pages 225-242, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-8406-7_17
    DOI: 10.1007/978-981-16-8406-7_17
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