Abstract
Industry 4.0, known as industry revolution 4.0, is going to be a business environment in which the labor market will get replaced by machines that can think like humans. Value chains of companies will get interconnected with data. Robots with artificial intelligence will be performing operations that were previously done by humans. Further, those will achieve more accuracy and efficiency in such activities. With this revolution, companies require to focus more on strategic human resource management, as human capital is going to be a much more valuable asset in industry 4.0 where organizations will be able to create sustainable competitive advantage through human capital. Artificial intelligence (AI) is going to be the fuel in industry 4.0. AI based machines will represent the majority of the labor force. This paper is to introduce AISHRM conceptual model which stands for the use of “Artificial Intelligence based Strategic Human Resource Management for industry 4.0”. This conceptual model developed based on the strategic human resource management theory of “resource-based view of a firm” or “resource advantage theory”.
Highlights
Value chains of companies will get interconnected with data. and performance management, compensations, Robots with artificial intelligence will be performing operations that were previously done by humans
The value chain of organizations in industry 4.0 will get profoundly based on artificial intelligence, and it will bring up sectors like data science
When performance evaluations and appraisals where SHRM is considered the human resources perspective of an focusing on empowerment and career management of organization, industry 4.0 will face a number of socioemployees and align them to a corporate strategy, while economic problems such as lack of skilled staff for converting work-place into high performance work place maintaining the business, aging society with later which directly focuses on achieving company goals retirement, cost reduction pressure, and short product (Yang & Lin, 2014)
Summary
Value chains of companies will get interconnected with data. and performance management, compensations, Robots with artificial intelligence will be performing operations that were previously done by humans. When performance evaluations and appraisals where SHRM is considered the human resources perspective of an focusing on empowerment and career management of organization, industry 4.0 will face a number of socioemployees and align them to a corporate strategy, while economic problems such as lack of skilled staff for converting work-place into high performance work place maintaining the business, aging society with later which directly focuses on achieving company goals retirement, cost reduction pressure, and short product (Yang & Lin, 2014).
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