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Challenges in Implementation of Industry 4.0 in Manufacturing Sector

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Next Generation Materials and Processing Technologies

Part of the book series: Springer Proceedings in Materials ((SPM,volume 9))

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Abstract

The advent of advanced technologies has driven the manufacturing industries towards the Fourth Industrial Revolution, termed as Industry 4.0 (I4). The breakthrough technologies of I4, such as artificial intelligence (AI), Internet of things (IoT) and robotics which have almost become ubiquitous, bridged the gap between physical and cyber world. Although there are unprecedented opportunities for industrialists by adopting I4, majority of the companies are not ready to transform into a smart factory on account of its challenges. The purpose of this literature is to identify the challenges that inhibits the manufacturing sector from implementing I4 and its consequences that will be faced in the future. An extensive literature review was conducted on I4 in the context of manufacturing sector. The study gave insight into potential challenges that are essential to overcome in order to fully utilize the benefits of I4 technologies. Consequently, the identified challenges were analysed under six major segments: privacy and security, finance, human resources, operations management, education and training and government policies. The challenges faced by SMEs as well as large enterprises appear to be interlinked that demands equal attention to prevent operational disruption in the near future. Plausible threats to the employment due to increasing automation are also explored. To conclude, the literature contributes to the discussion of I4 implementation challenges and also gives an overview of future research prospects of I4 in manufacturing sector.

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Sinha, N., Kumar, A. (2021). Challenges in Implementation of Industry 4.0 in Manufacturing Sector. In: Bag, S., Paul, C.P., Baruah, M. (eds) Next Generation Materials and Processing Technologies. Springer Proceedings in Materials, vol 9. Springer, Singapore. https://doi.org/10.1007/978-981-16-0182-8_44

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