Pros and cons of implementing Industry 4.0 for the organizations: a review and synthesis of evidence

Abstract

Industry 4.0 is one of the trending topics among the academicians and practitioners around the world. The pros and cons of Industry 4.0 are significantly important because it will help the organizations to make a sensible decision regarding its implementation. Though there are many studies on Industry 4.0, there is a dearth of academic literature which collates and analyses the Pros and Cons of Industry 4.0. The purpose of this paper is to investigate what are the pros and cons of implementation of Industry 4.0 in organizations from academic perspective. A comprehensive and systematic literature review is conducted on the earlier studies on Industry 4.0. Descriptive, categorical, keyword and thematic analysis are conducted on the final sample of sixty-four articles. This study finds nine pros and seven cons while implementing Industry 4.0 in organizations and also the future research directions is explicated.

Keywords

• industry 4.0
• cyber-physical systems
• pros
• cons
• advantages