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Practical Lessons for Engineers to adapt towards Industry 4.0 in Indian Engineering Industries

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  • Sony, Michael
  • Aithal, Sreeramana

Abstract

Industry 4.0 is the current buzzword in the modern organization. It promises to revolutionize the Industry with automation and computing technologies. Indian Engineering Industry is the largest segment among the Indian Industries having a huge export potential. Industry 4.0 is making inroads into this high potential Industry in a gradual manner. There are very few studies as to how should engineers adapt with the skills and ability requirements of knowledge society created due to the application of Industry 4.0. The main aim of this paper is to critically analyze the previous studies so that engineers can adapt to Industry 4.0. This study finds six dimensions engineers must adapt while working in Industry 4.0 environment. Though there have been numerous literature reviews on Industry 4.0, however this is the first study carried out on engineer adaptability for Industry 4.0 in the contextual domain of Indian Engineering Industries.

Suggested Citation

  • Sony, Michael & Aithal, Sreeramana, 2020. "Practical Lessons for Engineers to adapt towards Industry 4.0 in Indian Engineering Industries," MPRA Paper 102874, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102874
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    File URL: https://mpra.ub.uni-muenchen.de/102874/1/MPRA_paper_102874.pdf
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    References listed on IDEAS

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    1. Guy Michaels & Ashwini Natraj & John Van Reenen, 2010. "Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 Years," CEP Discussion Papers dp0987, Centre for Economic Performance, LSE.
    2. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    3. Georg Graetz & Guy Michaels, 2018. "Robots at Work," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 753-768, December.
    4. Audrey Charbonnier-Voirin & Patrice Roussel, 2012. "Adaptive Performance : a new scale to measure individual Performance in Organizations," Post-Print halshs-00738617, HAL.
    5. Guy Michaels & Ashwini Natraj & John Van Reenen, 2014. "Has ICT Polarized Skill Demand? Evidence from Eleven Countries over Twenty-Five Years," The Review of Economics and Statistics, MIT Press, vol. 96(1), pages 60-77, March.
    6. Berg, Andrew & Buffie, Edward F. & Zanna, Luis-Felipe, 2018. "Should we fear the robot revolution? (The correct answer is yes)," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 117-148.
    7. Tsang, Eric W. K., 2014. "Old and New," Management and Organization Review, Cambridge University Press, vol. 10(03), pages 390-390, November.
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    Cited by:

    1. Sony, Michael & Antony, Jiju & Mc Dermott, Olivia & Garza-Reyes, Jose Arturo, 2021. "An empirical examination of benefits, challenges, and critical success factors of industry 4.0 in manufacturing and service sector," Technology in Society, Elsevier, vol. 67(C).
    2. Rimalini Gadekar & Bijan Sarkar & Ashish Gadekar, 2022. "Key performance indicator based dynamic decision-making framework for sustainable Industry 4.0 implementation risks evaluation: reference to the Indian manufacturing industries," Annals of Operations Research, Springer, vol. 318(1), pages 189-249, November.
    3. Sony, Michael & Aithal, Sreeramana, 2020. "Developing an Industry 4.0 Readiness Model for Indian Engineering Industries," MPRA Paper 102875, University Library of Munich, Germany.

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    More about this item

    Keywords

    Industry 4.0; Cyber-Physical-Systems; Knowledge Society; Engineer Adaptability; Literature review;
    All these keywords.

    JEL classification:

    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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