Challenges and Benefits of Industry 4.0: An overview

Abstract

The aim of this article is to provide an overview of industry 4.0. Our goal is to give a perspective of what Industry 4.0 is, its challenges in today's context, and present how we have to design and implement future business organizations. Numerous researchers have mentioned that implementing industry 4.0 is a response to the current challenges in fast changing environments. Indeed, in order to improve flexibility, reduce costs and offer customized products, companies must redesign their production processes appropriately. After an introduction to the new context phenomenon of "Industry 4.0", we provide a comprehensive definition of this new concept and explain the research methodology. Then we present several points of view about challenges and issues of Industry 4.0, and most benefits of this new industrial paradigm are also described. Finally, we end this paper by drawing conclusions and suggesting future research.