Why Industry 4.0 Adoption is Unavoidable for Sustainable Performance of Organizations?

Abstract

The purpose of this research is to endorse the importance of the fourth industrial revolution and its adoption in terms of organizational performance. In this study, we have discussed that the adoption of Industry 4.0 (I4A) parameters can improve production outcomes and reduce operational wastes. In order to comprehend whether Industry 4.0 parameters are feasible to accomplish, organizations should get valuable guidelines by differentiating the production outcomes vide pre and post-technological implementation. It has been revealed that organizations with industry 4.0 lean and sustainable practices have achieved more substantial upshots in social, economic, operational, and environmental performance i.e. overall Organizational Performance (OP). Likewise, prevailing global trends have indicated that innovative performance and adoption of Industry 4.0 technologies have become ‘unavoidable’ in the business arena, thus providing the sign to companies to start embracing developments related to process optimization in order to sustain or even reinforce the competitiveness. Conclusively, organizations should not only emphasize process automation but also introduce smart and credible systems for better outcomes