EXPLORING THE EFFECTS OF INDUSTRY 4.0 ON BUSINESS PERFORMANCE: A COMPARATIVE CASE STUDY ANALYSIS IN THE AUTOMOTIVE INDUSTRY
Abstract
The advent of Industry 4.0, the fourth industrial revolution, is transforming the manufacturing landscape, presenting both challenges and opportunities for traditional manufacturing methods. At the forefront of this revolution are technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), big data, cloud computing, and additive manufacturing. These technologies have the potential to create smart factories and enable customized production, thereby increasing efficiency and productivity. However, the adoption of Industry 4.0 technologies also poses significant hurdles, including interoperability issues, cybersecurity threats, and workforce displacement. As the automobile industry navigates this digital transformation, it is essential to study the impact of Industry 4.0 technologies on productivity, efficiency, and innovation. This research aims to investigate the implications of digital transformation on the automobile industry, including the effects of competition, changing consumer behavior, regulatory pressures, supply chain optimization, workforce transformation, investment decisions, and future-proofing strategies. The primary objective of this research is to assess the impact of Industry 4.0 technologies on the performance of the automobile industry and determine their level of efficiency. To achieve this objective, a multiple case study approach was employed, allowing for in-depth exploration and analysis of Industry 4.0 adoption in the automobile industry. This method enables the comparison of within and across cases, enhancing generalizability and providing valuable insights into the benefits, challenges, and best practices for adopting Industry 4.0 technologies. The findings of this research offer significant implications for the automobile industry, highlighting the need for manufacturers to adopt a strategic approach to Industry 4.0 adoption. The study's results also underscore the importance of addressing the challenges associated with Industry 4.0 adoption, including interoperability issues, cybersecurity threats, and workforce displacement. By providing insights into the benefits, challenges, and best practices for adopting Industry 4.0 technologies, this research aims to support the automobile industry's transition into the digital age.
Keyword : Industry 4.0, Digital Transformation, Automotive Industry, Efficiency
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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