Industrial Revolution 4.0 : Step In Digital World

Authors(4) :-Prasad Khannade, Ajinkya Kawale, Prashant Raghuvanshi, Raunak Patle

Presenting new innovation can be troublesome: overturning the norm is continually trying for organizations and their workers. For producers, however, the possibility of the keen plant without bounds is rapidly turning into a reality, and even those reluctant to grasp these headways are thinking that its difficult to disregard. As we advance consistently toward Industry 4.0, organizations should get ready to rethink how they approach materials taking care of. In spite of the fact that the Fourth Industrial Revolution is most ordinarily referenced these days, the past three shared the shared objective of cutting expenses while expanding proficiency. The presentation of mechanical processes (the linger and steam control) portrayed the primary Industrial Revolution, the usage of the sequential construction system presented the second, and we entered the third Industrial Revolution in the 1970s with the formation of robotized programming. This paper adopts a verifiable strategy to break down Industry 4.0 as the Fourth Industrial Revolution. In spite of the fact that Industry 4.0 technologies are more advancement than troublesome, their mix and the setting in which they create guarantee significant effects on economy and society, which would in certainty describe a revolution.

Authors and Affiliations

Prasad Khannade
Department of Mechanical Engineering, G. H. Raisoni College of Engineering, Nagpur, Maharashtra, India
Ajinkya Kawale
Department of Mechanical Engineering, G. H. Raisoni College of Engineering, Nagpur, Maharashtra, India
Prashant Raghuvanshi
Department of Mechanical Engineering, G. H. Raisoni College of Engineering, Nagpur, Maharashtra, India
Raunak Patle
Department of Mechanical Engineering, G. H. Raisoni College of Engineering, Nagpur, Maharashtra, India

Manufacturing Trends, Lean Manufacturing, Demand Flow Manufacturing, Just-in-Time, Agile Manufacturing, Rapid Manufacturing, Flexible Manufacturing System, Advanced Planning and Scheduling, Capability Analysis.

  1. Anderson, C. (2006). The long tail: Why the future of business is selling less of more. Hachette Books.
  2. Brettel, M., Friederichsen, N., Keller, M., & Rosenberg, M. (2014). How virtualization, decentralization and network building change the manufacturing landscape: An industry 4.0 perspective. International Journal of Mechanical, Industrial Science and Engineering, 8(1), 37-44.
  3. Brynjolfsson, E., & McAfee, A. (2014). The second machine age: Work, progress, and prosperity in a time of brilliant technologies. WW Norton & Company.
  4. Cagliano, R., & Spina, G. (2000). Advanced manufacturing technologies and strategically flexible production. Journal of operations Management, 18(2), 169-190.
  5. Chesbrough, H. W. (2006). Open innovation: The new imperative for creating and profiting from technology. Harvard Business Press.
  6. D’Aveni, R.A. (1994). Hypercompetition: Managing the Dynamics of Strategic Maneuvering. New York, NY: The Free Press.
  7. D’Aveni, R. A., Dagnino, G. B., & Smith, K. G. (2010). The age of temporary advantage. Strategic Management Journal, 31(13), 1371-1385.
  8. Drath, R., & Horch, A. (2014). Industrie 4.0: Hit or hype? [industry forum]. IEEE industrial electronics magazine, 8(2), 56-58.
  9. Evans, P. B., & Wurster, T. S. (1997). Strategy and the new economics of information. Harvard business review, 75(5), 70-82.
  10. European Commission (2013). Factories of the Future: Multi?annual roadmap for the contractual PPP under Horizon 2020, Publications Office of the European Union Luxembourg, 128 pp.
  11. Freeman, C., & Soete, L. (1997). The economics of industrial innovation. Psychology Press.
  12. Freeman, C., & Soete, L. (2008). A Economia da Inovação Industrial. Psychology Press.
  13. Frey, C. B., & Osborne, M. A. (2016). Technology at Work v2.0: The Future Is Not What It Used to Be. City GPS: Global Perspective & Solutions.
  14. Frieden, J. A. (2008). Capitalismo global: história econômica e política do século XX. Zahar.
  15. Gerwin, D., & Tarondeau, J. C. (1982). Case studies of computer integrated manufacturing systems: A view of uncertainty and innovation processes. Journal of Operations Management, 2(2), 87-99.
  16. Goldhar, J. D., & Jelinek, M. (1983). Plan for economies of scope. Harvard Business Review, 61(6), 141- 148.
  17. Hagel 3rd, J., & Singer, M. (1999). Unbundling the corporation. Harvard business review, 77(2), 133-41.
  18. Hellinger, A., & Seeger, H. (2011). Cyber-Physical Systems. Driving force for innovation in mobility, health, energy and production. Acatech Position Paper, National Academy of Science and Engineering.
  19. Hermann, M., Pentek, T., & Otto, B. (2016). Design Principles for Industrie 4.0 Scenarios. In 2016 49th
  20. Hawaii International Conference on System Sciences (HICSS) (pp. 3928-3937). IEEE.
  21. Hobsbawm, E. (2016). Da Revolução Industrial inglesa ao imperialismo. 6ª. Ed. Rio de Janeiro: Forense Universitária.
  22. Jacobides, M. G. (2005). Industry change through vertical disintegration: How and why markets emerged in mortgage banking. Academy of Management Journal, 48(3), 465-498.
  23. Jensen, M. C. (1993). The modern industrial revolution, exit, and the failure of internal control systems. The Journal of Finance, 48(3), 831-880.
  24. Jovanovic, B., & Rousseau, P. L. (2005). General purpose technologies. Handbook of economic growth, 1, 1181-1224.
  25. Kagermann, H., Wahlster W., Helbig, J. (2013). Recommendations for implementing the strategic initiative Industrie 4.0: Final report of the Industrie 4.0 Working Group.
  26. Kugley, S., Wade, A., Thomas, J., Mahood, Q., Jørgensen, A. M. K., Hammerstrøm, K., & Sathe, N.
  27. (2016). Searching for Studies: A Guide to Information Retrieval for Campbell. Campbell Systematic Reviews.
  28. Landes, D. S. (2003). The unbound Prometheus: technological change and industrial development in Western Europe from 1750 to the present. Cambridge University Press.
  29. Langlois, R. N. (2003). The vanishing hand: the changing dynamics of industrial capitalism. Industrial and Corporate Change, 12(2), 351–385.
  30. Lasi, H., Fettke, P., Kemper, H. G., Feld, T., & Hoffmann, M. (2014). Industry 4.0. Business & Information Systems Engineering, 6(4), 239.
  31. Lee, E. A. (2010). CPS foundations. In Proceedings of the 47th Design Automation Conference, June pp. 737-742. ACM.
  32. Lee, J., Bagheri, B., & Kao, H. A. (2015). A cyber-physical systems architecture for industry 4.0-based manufacturing systems. Manufacturing Letters, 3, 18-23.
  33. Lei, D., Hitt, M. A., & Goldhar, J. D. (1996). Advanced manufacturing technology: organizational design and strategic flexibility. Organization Studies, 17(3), 501-523.
  34. Leonard-Barton, D., & Kraus, W. A. (1985). Implementing new technology. Harvard Business Review, 63(6).
  35. McKinsey Global Institute (2012). Manufacturing the future: The next era of global growth and innovation, November.
  36. Meredith, J. (1987). The strategic advantages of new manufacturing technologies for small firms. Strategic Management Journal, 8(3), 249-258.
  37. Porter, M. E. (1994). The role of location in competition. Journal of the Economics of Business, 1(1), 35-40.
  38. Porter, M. E., Heppelmann, J. E. (2014). How smart, connected products are transforming competition. Harvard Business Review, 92(11), 64-88.
  39. Rosenberg, N. (1982). Inside the black box: technology and economics. Cambridge University Press.
  40. Roser, M., Ortiz-Ospina, E.(2017). World Population Growth. Published online at OurWorldInData.org.
  41. Scheer, A. W. (2015). Industry 4.0: From Vision to Implementation. Whitepaper, [Online], (9).
  42. Schleipen, M., Lüder, A., Sauer, O., Flatt, H., & Jasperneite, J. (2015). Requirements and concept for Plug-and-Work. at-Automatisierungstechnik, 63(10), 801-820.
  43. Schwab, K. (2016). The Fourth Industrial Revolution. In Word Economic Forum.
  44. Stentoft, J., Olhager, J., Heikkilä, J., & Thoms, L. (2016). Manufacturing backshoring: a systematic literature review. Operations Management Research, 1-9.
  45. Swink, M., & Nair, A. (2007). Capturing the competitive advantages of AMT: Design–manufacturing integration as a complementary asset. Journal of Operations Management, 25(3), 736-754.
  46. Zhai, W., Sun, S., & Zhang, G. (2016). Reshoring of American manufacturing companies from China. Operations Management Research, 9(3-4), 62-74.
  47. Zhang, Z.; Liu, S.; Tang, M.(2014) Industry 4.0: Challenges and Opportunities for Chinese Manufacturing Industry. Technical Gazette 21, 6, III-IV.

Publication Details

Published in : Volume 4 | Issue 10 | September-October 2018
Date of Publication : 2018-09-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 84-92
Manuscript Number : IJSRSET1841028
Publisher : Technoscience Academy

Print ISSN : 2395-1990, Online ISSN : 2394-4099

Cite This Article :

Prasad Khannade, Ajinkya Kawale, Prashant Raghuvanshi, Raunak Patle, " Industrial Revolution 4.0 : Step In Digital World, International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 4, Issue 10, pp.84-92, September-October.2018
URL : http://ijsrset.com/IJSRSET1841028

Follow Us

Contact Us