International Journal of Science and Society (IJSOC)
Vol 5 No 3 (2023): International Journal of Science and Society (IJSOC)

The Impact of Industry 4.0 on the Economy

Hannah Fawna (Jean Monnet University)

Article Info

Publish Date
18 Jul 2023

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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Journal Info
International Journal of Science and Society (IJSOC)
Website

Abbrev

ijsoc

Publisher

GoAcademica Research and Publishing

Subject

Materials Science & Nanotechnology Social Sciences

Description

International Journal of Science and Society (IJSOC) is open access and peer-reviewed journal with e-ISSN (2715-8780), IJSOC is an international journal devoted to the study of science and technology in a social context. It focuses on the way in which advances in science and technology influence ...