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All Journal International Journal of Science and Society (IJSOC)
Hannah Fawna
Jean Monnet University
Materials Science & Nanotechnology Social Sciences

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The Impact of Industry 4.0 on the Economy Hannah Fawna
International Journal of Science and Society Vol 5 No 3 (2023): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v5i3.723

Abstract

This journal article examines the influence of Industry 4.0 on the economy, exploring its key components and potential benefits. Industry 4.0, also known as the Fourth Industrial Revolution or the Digital Revolution, entails the integration of digital technologies into various industries. The article investigates how this transformation is reshaping production processes, workforce dynamics, and business models, ultimately driving economic growth and innovation. Moreover, it addresses the challenges and implications of Industry 4.0 to provide a comprehensive understanding of its effects on the economy.
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