| dc.description.abstract | The world began to develop gradually since actual birth of technology happened in late
1760’s which was named as Industrial Revolution. The study paper aims at evaluating,
how well the Industry 4.0 can be applied in smart manufacturing in order to maximize
productivity parallel to resilience and sustainability. The paper employs thorough
review of existing literatures to gain insights on how Industry 4.0 can increase the
productivity of a firm where smart manufacturing concepts are undertaken. In order to
derive an innovative solution, the theme itself drives to establish couple of questions as,
How the seamless integration of Industry 4.0 enrich the productivity in the context of
smart manufacturing and will the integration of Industry 4.0 in the production process
can enhance resilience in smart manufacturing. A broad literature review has been
carried out to identify key theories and concepts to find information about the existing
practical and theoretical implications of Industry 4.0. And using a simple questionnaire
data has been gathered and analysed using an extensive as well as a comparative
method. Collectively, Industry 4.0 not only creates efficient and effective production
processes but also enables the activities such as maintenance and upgrades which will
results in lower capital expenditure. | en_US |
