Impacts of the 4th Industrial Revolution on Industries
Shahryar Sorooshian, Shrikant Panigrahi
Abstract
The leap of technology has led to a paradigm shift called the “industrial revolution”. Industry 4.0 is the fourth industrial revolution which implemented the philosophy of cyber-physical systems, internet and future-oriented technologies, and smart systems with promoted human-machine interaction paradigms. The emergence of Industry 4.0 was introduced to the world as a new trend to improve working surroundings in industries and solve the problems faced by the industries. There is a limited information about Industry 4.0 and not every person understands the real meaning of Industry 4.0. Thus, the objective of this review paper is to identify the possible impacts of Industry 4.0 on manufacturing industries which will encourage more organizations to adopt Industry 4.0.