Emerging Technologies of Industry 4.0: Challenges and Opportunities

Abstract

Industry 4.0 is beyond change and transformation but a comprehensive revolution that accelerates scientific and technological progress, which has led to great functionality of emerging technologies in which the artificial intelligence (AI), Internet of Things (IoT) and other supporting technologies serve as backbones for upgrading industrial chains. These have gained popularity over the years and known for far-reaching transformation, especially where complex systems are involved. They are known for synchronization and speed in the new digitalization era and globalized milieu. However, developing countries are still besieged in terms of meeting up with the current technologies. This article is an exposition to the emerging technologies of the fourth industrial revolution. The first section of this study gives a brief overview of Industry 4.0. Secondly, the emerging technologies of Industry 4.0 are further discussed, which include the Internet of things, blockchain, Fifth Generation Wireless Communications Technologies (5G), 3D Printing, biometrics, Virtual and Augmented Reality, Big data, Cloud Computing, Biometrics, Nanotechnology, biotechnology, smart factory, and others are discussed. Finally, the challenges and opportunities of the industry 4.0 technologies are discussed. The findings of this review would be beneficial to strategic and operational experts in industries, academia, stakeholders and government. Electronic document is a “live” template and already defines the components of your paper [title, text, heads, etc.] in its style sheet.