The present period of globalisation and resource scarcity has resulted in a dramatic increase in the intensity of competitive manufacturing, driving businesses to meet higher standards with fewer employees and less resources. As a result of this circumstance, a new industrial revolution has emerged: Industry 4.0. Firms can lessen the negative impact of their operations on their triple bottom line and enhance efficiencies by implementing these technologies. This book offers a complete overview of Industry 4.0 applications, including not just implementation details but also a conceptual foundation for design principles. It also goes through the implications of Industry 4.0, which are represented in new company models and labour transformation. The book then looks at the fundamental technological advancements that make up Industry 4.0's pillars, as well as their potential technical and economic benefits, using real-world examples. Additionally, manufacturers are increasingly appreciating the value of the data generated by their processes and products. As a result of these changes, the manufacturing industry is being transformed into Industry 4.0, which is built on the integration of information and communication technologies with industrial technology. For decision-makers, the book presents a conceptual framework and a path for this transformation.
The book focuses on developing a plan for implementing Industry 4.0-related technologies in small and medium-sized businesses by creating a framework for better resource use and overall company efficiency. Second, it addresses the significant obstacles that these technologies face during and after adoption. By using an Analytic hierarchy technique to give a weighting factor for important implementation characteristics, an Industry 4.0 implementation approach has been developed to increase the accuracy of gauging SME technical maturity levels (AHP). Weight considerations were developed to identify and prioritise the most critical components for small and medium-sized manufacturing enterprises. Radar charts are used to establish a total maturity score for the enterprise as a whole, ranging from 0-100, at the end of the maturity evaluation.Author(s) Details
Suraj Kumar Mukti
Department of Mechanical Engineering, National Institute of Technology, Raipur, India.
Ajay Vikram Ahirwar
Department of Civil Engineering, National Institute of Technology, Raipur, India.
Animesh Agrawal
Department of Mechanical Engineering, National Institute of Technology, Raipur, India.
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