IMPACT OF INDUSTRY 4.0-CHANGING SCENARIO IN APPAREL INDUSTRY

TEXTILE INDUSTRY

Abstract The idea and the brink of Industry 4.0, the fourth industrial revolution. Although not a wides pread concept, it has great potential to improve many aspects of human life. Starting from changes in business SparadigmS and manufacturing process models, it will affect all levels of production and supply-chains, including business and production managers, factory workers, cyber-physical systems designers, customers ,end-users etc. Industry 4.0 is a combination of several novel technological advancements, including information and communication technology, cyber-physical systems, network communications, big data and cloud computing, modelling, virtualization and simulation and improved tools for human-computer interaction and cooperation. The concept of Industry 4.0 promises many positive changes to today’s manufacturing ,including mass customization, flexible production, increased production speed, higher product quality, decreased error rates, optimized efficiency, data-driven decision-making, better customer proximity, new value creation methods and improved work life. On the other hand, there are many challenges ahead, such as regarding business paradigm changes, safety, security, legal issues, standardization and a plethora of human resource planning challenges. However, the gravest mistake is unwillingness to take part of these changes ,because the future of Industry 4.0 is not yet clear – its success or failure of lies in the hands of all the stakeholders.

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