Paper Key : IRJ************151
Author: Chandrakant Ravi,Akash Tomar,Tarun Kumar Yadav
Date Published: 07 Jan 2023
The fourth industrial revolution and the underlying digital transformation, known as Industry 4.0, is progressing exponentially. The digital revolution is reshaping the way individuals live and work fundamentally, and the public remains optimistic regarding the opportunities Industry 4.0 may offer for sustainability. The present study contributes to the sustainability literature by systematically identifying the sustainability functions of Industry 4.0. In doing so, the study first reviews the fundamental design principles and technology trends of Industry 4.0 and introduces the architectural design of Industry 4.0. The study further draws on the interpretive structural modeling technique to model the contextual relationships among the Industry 4.0 sustainability functions. Results indicate that sophisticated precedence relationships exist among various sustainability functions of Industry 4.0. Matrice dImpacts Croiss Multiplication Applique un Classement (MICMAC) analysis reveals that economic sustainability functions such as production efficiency and business model innovation tend to be the more immediate outcome of Industry 4.0, which pays the way for development of more remote socio environmental sustainability functions of Industry 4 together with energy sustainability, harmful emission reduction, and social welfare improvement. This take a look at can serve industry 4.0 stakeholders leaders within the public and private sectors, industrialists, and academicians to better apprehend the possibilities that the digital revolution may additionally offer for sustainability, and paintings together extra closely to ensure that enterprise four.0 delivers the intended sustainability functions round the world as efficaciously, equally, and fairly as possible.
DOI LINK : 10.56726/IRJMETS32784
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