Case study: Impact of Industry 4.0 and its impact on fighting COVID-19
subject: Artificial intelligence; Automation; Bigdata analytics; Cloud computing; COVID-19; Customer; Cybersecurity; Digital manufacturing; Global economy; Government; Industry4.0; Internet of things; Manufacturers; Pandemic; Retailers; Robots; Supply chain; Sustainable manufacturing; Technologies; Virtualization
description: The emerging development in industrial technology for automation and data sharing is known as Industry 4.0. It incorporates the Internet of Things, Cyber-physical systems, and Cloud computing, all of which contribute to the development of a "smart factory". Customers, distributors, vendors, and stakeholders in the supply chain would be capable of connecting and can exchange data easily through Industry 4.0. The COVID-19 pandemic is quickly spreading and posing a threat to people all over the world. Employment and activities in all markets have been disrupted, putting economies all over the world in serious jeopardy. To combat the pandemic, retailers will benefit from Industry 4.0 because it will help to mitigate the impact of identified risks. I4.0 executives were focused on gaining a competitive edge, rising efficiency, lowering prices, and, ensuring profitability as their primary aim was to enhance the productivity of business during the time before the COVID-19 crisis. Our Government has imposed new behavioral trends including social distancing, isolation and, lockdown. The Government needs additional financial resources to combat pandemics as a result of these actions, there has been a global economic slowdown. This chapter enlightens the significance and technologies of Industry 4.0, showing how those technologies and applications help in attaining a better society. It also explains how Industry 4.0 helps in accomplishing sustainable manufacturing and the management tactics it used to boost the company's efficiency, as well as the effects of COVID-19. 2023 Bentham Science Publishers. All rights reserved.
creator: Hari Priya N.; Rajeswari S.; Gunavathi R.
source: The Role of AI, IoT, and Blockchain in Mitigating the Impact of COVID-19, pp. 168-198.
publisher: Bentham Science Publishers
date: 2023-01-01
rights: Restricted Access
relation: ISBN: 978-981508065-0; 978-981508066-7
format: Online
language: English
type: Book chapter
coverage: Hari Priya N., Sree Saraswathi Thyagaraja College, Pollachi, Tamil Nadu, India; Rajeswari S., Sree Saraswathi Thyagaraja College, Pollachi, Tamil Nadu, India; Gunavathi R., Department of Data Science, CHRIST (Deemed to be University), Pune Lavasa Campus - The Hub of Analytics, Maharashtra, 412112, India