Perspectives on the future of manufacturing within the Industry 4.0 era
Laurie Hughesa, Yogesh Kumar Dwivedia✉, Nripendra Pratap Ranaa, Michael D. Williamsb, Vishnupriya Raghavanc
- aEmerging Markets Research Centre (EMaRC), School of Management, Swansea University Bay Campus, Swansea, UK
- bSwansea i-Lab, School of Management, Swansea University Bay Campus, Swansea, UK
- cManipal Global Education Services, Bangalore, India
- ✉Corresponding author
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Abstract
The technological choices facing the manufacturing industry are vast and complex as the industry contemplates the increasing levels of digitization and automation in readiness for the modern competitive age. These changes broadly categorized as Industry 4.0, offer significant transformation challenges and opportunities, impacting a multitude of operational aspects of manufacturing organizations. As manufacturers seek to deliver increased levels of productivity and adaptation by innovating many aspects of their business and operational processes, significant challenges and barriers remain. The roadmap towards Industry 4.0 is complex and multifaceted, as manufacturers seek to transition towards new and emerging technologies, whilst retaining operational effectiveness and a sustainability focus. This study approaches many of these significant themes by presenting a critical evaluation of the core topics impacting the next generation of manufacturers, challenges and key barriers to implementation. These factors are further evaluated via the presentation of a new Industry 4.0 framework and alignment of I4.0 themes with the UN Sustainability Goals.