Exploring barriers to implementing Industry 4.0 in engineering management: a theoretical investigation

This paper examines the transformative potential of Industry 4.0 within the field of engineering management, exploring its promise to revolutionize traditional manufacturing and engineering practices. By analyzing the evolution of industrial revolutions from 1.0 to 4.0, it highlights the significance of technological advancements in shaping the industrial landscape. Through this historical context, the paper critically examines the complexities and challenges inherent in the adoption of Industry 4.0, drawing parallels between past and present industrial transformations. Leveraging various technological advancements such as automation, data analytics, IoT, and virtual reality, Industry 4.0 aims to address operational inefficiencies and foster innovation. Additionally, the paper investigates potential solutions that Industry 4.0 offers to prevalent challenges in engineering management. However, the implementation of Industry 4.0 is not without challenges, including technological, data-related, human resource, security, financial, manufacturing system, standardization, communication, strategy, and environmental difficulties. Addressing these challenges requires collaboration between industry practitioners and academic scholars to develop effective strategies and solutions. In conclusion, while Industry 4.0 holds promise for revolutionizing engineering management practices, overcoming implementation challenges is crucial for realizing its full potential and ensuring sustained organizational success in today's dynamic industrial landscape.