Challenges and Benefits of Industry 4.0: an overview

Abstract

The aim of this article is to present an overview of industry 4.0. Thus our goal in this research is to give a brief perspective of what Industry 4.0 is, its challenges in today context, and to present how we have to design and implement future business organizations. Numerous researchers have mentioned that implementing industry 4.0 is a response to the current challenges in fast changing environments. Indeed, in order to improve flexibility, reduce costs and offer customized products, companies must redesign their production processes appropriately. After an introduction about the new context phenomenon of “Industry 4.0”, we will provide a comprehensive definition about this new concept and explain the research methodology, after that we will present several points of view about challenges and issues of Industry 4.0, then the most relevant and potential benefits of this new industrial paradigm will be described. Lastly, we will end this paper by drawing a conclusion and future research.

Keywords

• industry 4.0
• benefits
• implementation
• challenges