Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)

Assessing the Impact of Industry 4.0 on Environmental Sustainability

Authors
Bhavna1, 2, *, Amitabh Patnaik3, Bhawana Rawat4, Tej Singh4
1DY Patil Institute of Management Studies, Pune, India
2School of Finance and Commerce, Galgotias University, Greater Noida, India
3Amitabh Patnaik, Dr DY Patil Institute of Management Studies, Pune, 411044, India
4School of Finance and Commerce, Galgotias University, Greater Noida, India
*Corresponding author. Email: bhavna656@yahoo.com
Corresponding Author
Bhavna
Available Online 17 October 2024.
DOI
10.2991/978-94-6463-544-7_30How to use a DOI?
Keywords
Industry 4.0; sustainability; Technology; Manufacturing; Firms; Environment
Abstract

Businesses achieve more industrial performance by integrating vertical and horizontal production processes and product linkage in Industry 4.0, at the beginning of the Industrial phase. To guarantee a sustainable progression of human life including social, environmental, and economic aspects, globalization currently confronts the challenge of satisfying the swiftly growing worldwide demand for industrial products. Industry 4.0, which provides increased industrial investments, simpler procedures, and improved production collaboration, redefines the digital revolution. Sustainability in the supply chain includes implementing systemic fixes and logistical procedures that make recycling and waste reuse easier while cutting emissions. The manufacturing industry is increasingly excited about using technology to identify areas that require improvement to reduce wastage and innovative methods by applying new techniques to become more sustainable. The study focuses on the impact of implementing the major technologies including lean production manufacturing, IOT, Blockchain, and Automated Robotics on the environmental sustainability of Indian Manufacturing firms. It contributes to generating a pillar of research on the actual benefits of Industry 4.0 by outlining its technology elements. It elaborates on the direct impact of Industry 4.0 enabling technologies on sustainability concerning the environment.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
17 October 2024
ISBN
978-94-6463-544-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-544-7_30How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Bhavna
AU  - Amitabh Patnaik
AU  - Bhawana Rawat
AU  - Tej Singh
PY  - 2024
DA  - 2024/10/17
TI  - Assessing the Impact of Industry 4.0 on Environmental Sustainability
BT  - Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)
PB  - Atlantis Press
SP  - 457
EP  - 471
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-544-7_30
DO  - 10.2991/978-94-6463-544-7_30
ID  - 2024
ER  -