Role of Industry 4.0 on Achieving SDG’S

Abstract

This chapter examines the way in which Industry 4.0 will revolutionize achieving the Sustainable Development Goals (SDGs). This study provides insights on the relationship between global sustainability goals and cutting-edge technologies like automation, artificial intelligence and the internet of things; it looks at how Industry 4.0 may spur innovation, job creation and economic growth while tackling environmental issues. Also, this study analyses how Industry 4.0 can be used as a catalyst for positive change, in line with the larger vision of a sustainable and inclusive future, from navigating obstacles like job displacement and cybersecurity risks to presenting opportunities through policy frameworks and stakeholder collaboration. The results of this chapter shed light on the usage of technology in addressing global issues like poverty, inequality, climate change and sustainable economic growth and in turn the achievement of SDGs. The study discusses in detail about the implications for policymakers on the impact of Industry 4.0 on SDG 8 and SDG 12 and the risks associated with using Industry 4.0 to achieve the SDGs like job displacement, cybersecurity risks and ethical and legal challenges. The managerial implications of this study are numerous including increasing the skilled workforce and enhancing transparency, traceability and environmental performance across the whole supply chain. The study finally concludes by examining the potential prospects and future trends of Industry 4.0 and its integration with the SDGs.

Citation

Bargavi, R. and M, M.E.J. (2024), "Role of Industry 4.0 on Achieving SDG’S", Mathiyazhagan, K., Kishore, A., Behdani, B. and Thanki, H. (Ed.) Impact of Industry 4.0 on Supply Chain Sustainability, Emerald Publishing Limited, Leeds, pp. 31-48. https://doi.org/10.1108/978-1-83797-777-220241003