Affiliation:
1. Balaji Institute of International Business, Sri Balaji University, Pune, India
Abstract
The fourth industrial revolution (Industry 4.0) heralds a profound transformation that extends beyond mere technological advancement. The chapter serves as an indispensable guide for comprehending the far-reaching changes that are reshaping industries on a global scale. This chapter embarks on an enlightening journey that delves into the core concepts, historical context, and the pivotal technologies propelling Industry 4.0. It signifies a fundamental shift in our approach to industrial processes, innovation, and global competitiveness.