Industry4.0: Is Indian Corporates are Ready for Industrial Internet of Things (IIoT)?

Authors

  • Bristi Bose Post Graduate Department of Commerce St. Xavier’s College (Autonomous) Kolkata
  • Sumanta Dutta Assistant Professor Post Graduate Department of Commerce St. Xavier’s College (Autonomous), Kolkata

DOI:

https://doi.org/10.33516/maj.v54i6.41-43p

Abstract

The journey from the usage of professional machinery in the production of goods to a new age of internet based advanced application like Internet of Things (IoT), Artificial Intelligence (AI), Cyberphysical systems (CPS), Big Data Analytics and Cloud Computing etc. change entire spectrum of doing business now a days which we termed as Industry 4.0. It restructures the entire process of value creation. It is very hard to ignore it, as it will necessarily upgrade the value chain of any given industry as it tries to eliminate the intricacies in between processes, thereby slicing the costs.

Downloads

Download data is not yet available.

Published

2019-06-01

How to Cite

Bose, B., & Dutta, S. (2019). Industry4.0: Is Indian Corporates are Ready for Industrial Internet of Things (IIoT)?. The Management Accountant Journal, 54(6), 41–43. https://doi.org/10.33516/maj.v54i6.41-43p

Issue

Section

Cover Story

References

Nagy, J., Olah, J., Mate, D. & Popp, J. (2018) ,The Role and Impact of Industry 4.0 and the Internet of Things on the Business Strategy of the Value Chain- The Case of Hungary, MDPI, 10, 3491; doi: 10.33390/ su10103491

Rojko, A. (2017). “Industry 4.0 Concept: Background and Overviewâ€, International Journal of Information Movement, Vol. 11, No. 5, 77-90. doi: 10.3991/ijim.v11i5.7072

Suresh, N. et al. (2018), ‘Challenges in implementing industry revolution 4.0 in INDIAN manufacturing SMES: insights from five case studies’, International Journal of Engineering & Technology, 7 (2.4) (2018) 136-139.

http://www.ciismart.in/CompanyDetail.aspx?CompanyId=39 5. http://www.ciismart.in/CompanyDetail.aspx?CompanyId=37 6. https://www.proschoolonline.com/blog/what-is-industry-4-0-and-isindiaprepared-for-the-change

https://industry.siliconindiamagazine.com/viewpoint/cxoinsights/ industry-40-implementation-in-the-indian-context-nwid-14517.html

https://www.techuk.org/insights/opinions/item/13827-the-future-ofiotis-ai

https://www.industr.com/en/industry-and-iiot-is-indiaready2297668