Abstract
The emergence of technologies like industrial IoT, cyber-physical systems, and machine learning has transformed the traditional manufacturing environment into digitalized systems. Digitalized systems have altered manufacturing into a highly data-driven, dynamic, and resilient ecosystem referred to as Industry 4.0. Industry 4.0 deployment has empowered manufacturing through the creation of certain new capabilities previously not reflected in the conventional systems. This chapter aims to explore and understand the role of IoT, cyber-physical systems, and other related enablers in the implementation of Industry 4.0. It focuses on identifying key enablers, discusses a conceptual framework for Industry 4.0 based on the enablers, elaborates the various Industry 4.0 capabilities as discussed from the framework, and finally determines the potential drivers for Industry 4.0 implementation. The drivers describe the characteristics and determinants of the Industry 4.0 systems that enable digital transformation. The study’s findings can be useful for the consultants, managers, and practitioners working in the domain of Industry 4.0 to consider the drivers during the deployment and design of digitalized business systems.
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