Seybold Report ISSN: 1533-9211
Umamaheswari D1 Ramesh P2
Vol 17, No 12 ( 2022 ) | Licensing: CC 4.0 | Pg no: 3382-3391 | Published on: 30-12-2022
Abstract
It would be quite naive to forego the use of current technology given that it makes it possible to instantly link individuals in different parts of the globe. It is common knowledge that the extensive usage of a variety of electronic devices in the workplace has resulted in significant shifts in the dynamics of all workplaces. The internet, cell phones, emails, and text messages are only some of the forms of electronic communication that are readily available to workers, and they are encouraged to make use of them. The development of new technologies is increasingly being recognised as a "organisational actor" that has the potential to improve an organization's access to competent employees. The nature of labour itself is going to undergo significant transformations as a result of the fourth industrial revolution. Despite the fact that automation will very certainly render certain jobs obsolete, it will almost certainly also render many others obsolete as well. The "nonroutine and cognitive" sector, in which there is a larger demand for abilities that are difficult to automate, is where there is a greater likelihood that new employment will be created.
The term "Industry 4.0" (I4.0) has been the most popular one to use when referring to recent changes in the manner in which factories perform their functions. The research conducted on Industry 4.0 has been concentrated on the more technical components, while the social problems about the fourth industrial revolution have been largely ignored. The goal of this paper is to conduct an investigation of the ways in which Industry 4.0 has affected the labour force. Recently, conversations on a variety of levels, including academic, managerial, and governmental, have moved their attention to Industry 4.0 and sustainability. The fourth industrial revolution, also known as Industry 4.0, has the potential to improve the efficiency of processes, increase environmental sustainability, and reduce waste creation by making more effective use of resources. On the other side, it might result in a greater use of energy as well as the buildup of waste, such as outdated technological equipment.
Keywords:
Industry 4.0, Current Work Practices, Sustainability, Chi squareanalysis