Industry 4.0: The Industrial Revolution and Future Landscape in Indian Market
Gurinder Singh, Garima Bhardwaj, S. Vikram Singh, Prateek Chaturvedi, Vinay Kumar, Sandeep Gupta
Abstract
Industry4.0, a new buzz word in the modern industry system. This is a new revolution in 21 <sup xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">st</sup> century which provides digitization and intelligence as the need of today’s Indian industry. The technological advancement in industry helps not only improving productivity but also quality in output. Industrial 4.0 is considered as fourth generation revolution in manufacturing process and also gives total quality control. Industry 4.0 is possessing vast vision with practical implementation which consists modern technological trends like-IOT, Cloud based manufacturing, smart manufacturing system. This new revolution of industry 4.0 holds a system with technological transformation for supervising interrelated system between traditional physical system and modern technological capabilities. The aim behind this research is to give significance of industry 4.0 in Indian market and to find the future issues and limitations in the utilization of industry 4.0in the realistic scenario. This paper tracks down the new patterns and advancement on industry 4.0 in India.