Abstract

AbstractPrupose—The term 'Industry 4.0' commonly used for fourth industrial revolution. It is mainly grounded on Internet of Things (IoT) where cloud based data exchange is done between machines or machine and human beings. In Industry 4.0, Internet of Things is widely used in manufacturing industry. Industry 4.0's design emphasizes worldwide machine networks in an intelligent plant environment that can exchange data and control each other autonomously. Manufacturing industries are adopting digitalization and automation to cope up with competition. Productivity improvement is possible by the fast development in manufacturing techniques and Digitalization. There are many issues and challenges while implementing Industry 4.0. The aim of this study is to offer an outline of research conducted on Industry 4.0, to identify difficulties and problems that arise with execution of Industry 4.0 and to identify gaps between academic research and industry requirement. Methodology—A Systematic Literature Review method is used in this study. Findings—Authors have outlined prominence of research in Industry 4.0 and at end given further research directions. Originality/Value—The findings in this paper is very crucial for industry leaders, policy makers, governments, researchers, decision makers and professionals.KeywordsIndustry 4.0Internet of ThingsSmart manufacturingSupply chain management

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