ISSN:2582-5208

www.irjmets.com

Paper Key : IRJ************625
Author: Chandrakant Ravi ,Tarun Kumar Yadav
Date Published: 23 Jan 2023
Abstract
The adoption of new technologies, such as artificial intelligence, the internet of things, smart gadgets, and more, into all facets of the economy is known as industry 4.0, also known as the fourth industrial revolution. The application of algorithmic management in particular brings rewards and debate. Industry 4.0, like earlier revolutions, promises increased production but also runs the potential of causing negative social upheaval. Industry 4.0 is now being implemented, and the technologies that come with it have undercut worker security, de-skilled employment, diminished worker autonomy, and given bosses easy accessibility to their employeeslives.Industry 4.0 will require fresh investment in unproven technologies to be implemented successfully. Although these new technologies have great promise, they may also have a detrimental effect on employees, which might hurt long-term profits. Consequently, it becomes So it is logical to ask: at what point do such expenses outweigh any potential advantages for the employee?This paper will offer a way for making Industry 4.0 more sustainable by examining the historical case of Scientific Management and contemporary implementations.
Paper File to download :