Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence

Industry 4.0 is one of the trending topics among the academicians and practitioners around the world. The pros and cons of Industry 4.0 are significantly important because it will help the organizations to make a sensible decision regarding its implementation. Though there are many studies on Indust...

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Main Author: Michael Sony
Format: Article
Language:English
Published: Taylor & Francis Group 2020-01-01
Series:Production and Manufacturing Research: An Open Access Journal
Subjects:
Online Access:http://dx.doi.org/10.1080/21693277.2020.1781705
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author Michael Sony
author_facet Michael Sony
author_sort Michael Sony
collection DOAJ
description Industry 4.0 is one of the trending topics among the academicians and practitioners around the world. The pros and cons of Industry 4.0 are significantly important because it will help the organizations to make a sensible decision regarding its implementation. Though there are many studies on Industry 4.0, there is a dearth of academic literature which collates and analyses the Pros and Cons of Industry 4.0. The purpose of this paper is to investigate what are the pros and cons of implementation of Industry 4.0 in organizations from academic perspective. A comprehensive and systematic literature review is conducted on the earlier studies on Industry 4.0. Descriptive, categorical, keyword and thematic analysis are conducted on the final sample of sixty-four articles. This study finds nine pros and seven cons while implementing Industry 4.0 in organizations and also the future research directions is explicated.
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spelling doaj.art-092c5d3454504abf8a4273b8b832ff182022-12-21T22:27:18ZengTaylor & Francis GroupProduction and Manufacturing Research: An Open Access Journal2169-32772020-01-018124427210.1080/21693277.2020.17817051781705Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidenceMichael Sony0Namibia University of Science & TechnologyIndustry 4.0 is one of the trending topics among the academicians and practitioners around the world. The pros and cons of Industry 4.0 are significantly important because it will help the organizations to make a sensible decision regarding its implementation. Though there are many studies on Industry 4.0, there is a dearth of academic literature which collates and analyses the Pros and Cons of Industry 4.0. The purpose of this paper is to investigate what are the pros and cons of implementation of Industry 4.0 in organizations from academic perspective. A comprehensive and systematic literature review is conducted on the earlier studies on Industry 4.0. Descriptive, categorical, keyword and thematic analysis are conducted on the final sample of sixty-four articles. This study finds nine pros and seven cons while implementing Industry 4.0 in organizations and also the future research directions is explicated.http://dx.doi.org/10.1080/21693277.2020.1781705industry 4.0cyber-physical systemsprosconsadvantages
spellingShingle Michael Sony
Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
Production and Manufacturing Research: An Open Access Journal
industry 4.0
cyber-physical systems
pros
cons
advantages
title Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
title_full Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
title_fullStr Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
title_full_unstemmed Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
title_short Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence
title_sort pros and cons of implementing industry 4 0 for the organizations a review and synthesis of evidence
topic industry 4.0
cyber-physical systems
pros
cons
advantages
url http://dx.doi.org/10.1080/21693277.2020.1781705
work_keys_str_mv AT michaelsony prosandconsofimplementingindustry40fortheorganizationsareviewandsynthesisofevidence