Dr. Sumona Bhattacharya
Abstract:
The fourth industrial revolution has an impact on the entire company, so it is very important to understand how the various elements of it are able to exploit the opportunities offered by digitization. With the updating of technologies, the dimensions of Industry 4.0 also keep on updating. Hence, keeping all these discussion in mind, this research paper focuses on studying the advantages of the Industry 4.0. It is found during the research that, Industry 4.0 carries lots of advantages like it helps in reduction of cost, provides flexibility, increases efficiency, increases productivity, creates innovation opportunities, generates more revenue and hence increases the profitability of the organisation.