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Industry 4.0 solutions – a pathway to use smart technologies / build smart factories

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This paper helps to connect almost everything from machines to humans through cloud by showing drastic and dramatic improvements to improve business efficiency and also protecting and regenerating natural environment by bringing forward better asset management techniques. | Industry 4.0 solutions a pathway to use smart technologies build smart factories International Journal of Management IJM Volume 11 Issue 2 February 2020 pp. 132 140 Article ID IJM_11_02_014 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 11 amp IType 2 Journal Impact Factor 2020 10.1471 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication Scopus Indexed INDUSTRY 4.0 SOLUTIONS A PATHWAY TO USE SMART TECHNOLOGIES BUILD SMART FACTORIES Dr. N. Venkateswaran Professor Department of Management Studies Panimalar Engineering College Chennai India E-mail profvenkimba2019@gmail.com ABSTRACT Today Industry 4.0 moving in faster pace across sectors through newer approaches which helps to migrate entire society and human body. Technologies like additive manufacturing robotics quantum computing internet of things IoT nanotechnology and autonomous vehicles machine learning are under the umbrella of Industry 4.0 solutions moving in exponential rate. This paper helps to connect almost everything from machines to humans through cloud by showing drastic and dramatic improvements to improve business efficiency and also protecting and regenerating natural environment by bringing forward better asset management techniques. Worldwide companies looking for smarter work by making themselves more competitive and sustainable through infrastructure investment by expanding their business platforms by transforming themselves through digitally enabled technologies. Digital transformation is every key motive to survive in Industry 4.0 era which help industries to attain competitiveness and at the same allowing them to have an ability to take optimal decisions across all the phases of their activities. Industry 4.0 and IoT have some tangible benefits with proven ROI. Keywords IoT smart products physical security systems digital twin digital intelligence. Cite this Article Dr. N. Venkateswaran Industry 4.0 Solutions A .