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August 1, 2018International journal of supply and operations management179 citationsOpen Access

Challenges and Benefits of Industry 4.0: an overview

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MMMohamed Mamad

Key Points

  • The central aim is to provide a comprehensive overview of Industry 4.0, including its challenges and benefits.
  • Overview of Industry 4.0 concept and challenges
  • Analysis of production process redesign
  • Discussion on benefits and future research implications
  • Identified challenges include the need for flexibility and cost reduction in production processes.
  • Outlined potential benefits such as customized products and improved operational efficiency.

Abstract

The aim of this article is to present an overview of industry 4.0. Thus our goal in this research is to give a brief perspective of what Industry 4.0 is, its challenges in today context, and to present how we have to design and implement future business organizations. Numerous researchers have mentioned that implementing industry 4.0 is a response to the current challenges in fast changing environments. Indeed, in order to improve flexibility, reduce costs and offer customized products, companies must redesign their production processes appropriately. After an introduction about the new context phenomenon of “Industry 4.0”, we will provide a comprehensive definition about this new concept and explain the research methodology, after that we will present several points of view about challenges and issues of Industry 4.0, then the most relevant and potential benefits of this new industrial paradigm will be described. Lastly, we will end this paper by drawing a conclusion and future research.

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Cite This Study

Mohamed Mamad (2018) studied this question.

synapsesocial.com/papers/6a1b1169c276bea67e0c72d8https://doi.org/10.22034/2018.3.7
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