Abstract

“Industrial revolution 4.0” is a term that is becoming increasingly popular among academics. A number of articles have been carved to emphasize the beneficial aspects of the stated issue under many titles such as cyber-physical systems, internet of things, artificial intelligence, smart manufacturing, digitalization of industrial production, and so on. However, few academics have delved into the negative or dark side of such a profound technological paradigm change, especially the artificially intelligent robotics, creating a large knowledge vacuum. Because of this, little is known about the negative repercussions of artificial intelligence (AI), a key component of the Fourth Industrial Revolution (or IR 4.0). It is an open secret now that AI machines may have serious impacts on human autonomy, fairness, justice, and agency. These unanticipated consequences have resulted in the development of an emerging concept, that is, responsible innovation. The responsible innovation framework binds the firm ethically, morally, and socially to be responsible, environmentally friendly, humanitarian, and business-oriented while developing innovative products. The current study proposes an integrated responsible innovation framework that acts as a science governance mechanism and considers organizations and stakeholders collectively responsible for upcoming technological innovations. This study has suggested several implications for policymakers.

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