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2023 | OriginalPaper | Buchkapitel

Industry 4.0 Implementation in Indian MSMEs: A Social Perspective

verfasst von : Pavan Vilas Rayar, K. N. VijayaKumar, Suhasini Vijaykumar

Erschienen in: Proceedings of International Conference on Intelligent Manufacturing and Automation

Verlag: Springer Nature Singapore

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Abstract

The current status of MSMEs in India suggests that medium-sized businesses have more advanced technology compared to their smaller counterparts. Small and medium-sized enterprises (SMEs) cautiously prefer to take baby steps when investing in emerging technologies. Many SMEs are financially constrained and reluctant to implement the digital technologies of Industry 4.0. The organizations need to showcase return on investment before implementing Industry 4.0 technologies. The effect of Industry 4.0 technology on society is a topic of growing interest among researchers. This study aimed to examine these effects using the triple bottom line approach to sustainable development. A model focused on sustainability is offered to assess the impact of Industry 4.0 technology on social sustainability indicators. This study also extends the technical approach that dominates academic literature on Industry 4.0 by identifying the benefits and challenges of its implementation process, assessing the importance of sustainability in Industry 4.0, and analyzing its potential social impact in a developing country like India. This paper considers how sustainable manufacturing research contributes to Industry 4.0 by summarizing present research efforts, highlighting relevant research issues, and evaluating research gaps and future development opportunities.

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Titel: Industry 4.0 Implementation in Indian MSMEs: A Social Perspective
verfasst von: Pavan Vilas Rayar
K. N. VijayaKumar
Suhasini Vijaykumar
Verlag: Springer Nature Singapore
Buch: Proceedings of International Conference on Intelligent Manufacturing and Automation
Print ISBN: 978-981-19-7970-5

Electronic ISBN: 978-981-19-7971-2

Copyright-Jahr: 2023
DOI: https://doi.org/10.1007/978-981-19-7971-2_18

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