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ISSN 2063-5346
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INDUSTRY 4.0: INDUSTRIAL OPPORTUNITIES AND CHALLENGES

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Dr. Devyani Ingale , Dr. Chandrakant Annasaheb Thorat , Dr. Laxman Narayanrao Renapure , Dr. Anagha Bhope , Dr. Dileep M.Pawar
» doi: 10.53555/ecb/2022.11.6.47

Abstract

This research paper examines the impact of Industry 4.0 technologies on various aspects of an organization, including operational efficiency, cost reduction, product quality, and manufacturing performance. The study utilizes survey data from employees within the organization to assess their perceptions of the benefits and challenges associated with the adoption of these technologies. The findings indicate a positive perception of the impact of Industry 4.0 technologies on operational efficiency, cost reduction, product quality, and manufacturing performance. However, the study also identifies challenges such as a lack of technological infrastructure, resistance to change, inadequate workforce upskilling, and difficulties in integrating new technologies with existing systems and processes. These challenges highlight the need for organizations to address these issues to fully leverage the benefits of Industry 4.0 technologies. The research contributes to the understanding of the organizational impact of Industry 4.0 technologies and provides insights for organizations aiming to implement these technologies successfully.

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