Industry 4.0 – A Study on Innovative Journey From Germany to India

Abstract

Industry 4.0 is representing the high autonomous technological era where production is capable of taking place it-self own, as machines are intelligent and supported by drones in digital environment, where internet of things, services and information build a communication network among men, machines and material. Not only manufacturing industry, but trading firms (logistics and distribution majorly) as well as services industry is expected to be impacted by industry 4.0. Beyond the changes in processes, major changes are also expected in the workforce role/s as new skills are required. This article is an attempt to study the innovative journey of industry 4.0 form its origin in Germany and now scope in India.