Revolutionizing Supply Chains: A Comprehensive Study of Industry 4.0 Technologies (IoT, Big Data, AI, etc.)
Aman S. Ghani
Mail Id: aman.21slam1010040@galgotiasuniversity.edu.in
Abstract
The objective of this paper is to explain about Technologies of Industry 4.0, including the Internet of Things (IoT), Big Data, Artificial Intelligence (AI), amongst others, and how they are reshaping enterprises supply chain in the era of digitalization by boosting effectiveness, productive capacity and choices. This paper regards at how Technologies Industry 4.0 impacts firms, underlining difficulties yet chances. IoT's incorporation within Industry 4.0 assists with monitoring data instantly and analysing it, bettering optimization in production and adaptability to fluctuating market demands. Big Data Analytics within Industry 4.0 brings forth foresights for preventative upkeep plus effective allocation resources enhancing functional efficiency furthermore.
Applications of AI inside Industries 4.0 performs task automation, predict machinery breakdowns along personalized marketing techniques advancing productivity plus creativity. Cyber-Physical Systems (CPS) throughout Industry 4.0 enable observing plus controlling hence perfecting decisions making along with mechanization within the supply chain. Responsive technologies such as Robotics and automation enhance manufacturing processes and be more competitive through higher efficiencies. While Augmented Reality (AR) & Virtual reality (VR) improve training and design processes, thus improving efficacies. Blockchain assures transparency and trust, revolutionizing supply chain management. Cloud computation provides scalability alongside cost-effective attributes assisting transform digitally.
Though confronted by hurdles such as cybersecurity & infrastructural issues successful embracing technologies from Industry 4.0 opens up immense advantages reshaping traditional business models and societal structures. Firms must adopt these techs if they wish to stay competitive and innovative in a digital-first world.
Key Words
Industry 4.0, Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Blockchain Technology
