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Industry 4.0 refers to the interconnection of cyber-physical systems, which connects the physical and digital worlds by collecting digital data from physical objects/processes, and using this data to drive automation and optimisation. Digital technologies used in this revolution gather and handle massive volumes of high-velocity streams while automating field operations and supply chain activities. Cybersecurity is a complicated process that helps sort out various hacking issues of Industry 4.0. This purpose of this paper is to provide an overview on cybersecurity and its major applications for Industry 4.0.

The rise of Industry 4.0 technologies is changing how machines and associated information are obtained to evaluate the data contained within them. This paper undertakes a comprehensive literature-based study. Here, relevant research papers related to cybersecurity for Industry 4.0 are identified and discussed. Cybersecurity results in high-end products, with faster and better goods manufactured at a lesser cost.

Artificial intelligence, cloud computing, internet of things, robots and cybersecurity are being introduced to improve the Industry 4.0 environment. In the starting, this paper provides an overview of cybersecurity and its advantages. Then, this study discusses technologies used to enhance the cybersecurity process. Enablers, progressive features and steps for creating a cybersecurity culture for Industry 4.0 are discussed briefly. Also, the research identified the major cybersecurity applications for Industry 4.0 and discussed them. Cybersecurity is vital for better data protection in many businesses and industrial control systems. Manufacturing is getting more digitised as the sector embraces automation to a more significant level than ever before.

This paper states about Industry 4.0 and the safety of multiple business process systems through cybersecurity. A significant issue for Industry 4.0 devices, platforms and frameworks is undertaken by cybersecurity. Digital transformation in the Industry 4.0 era will increase industrial competitiveness and improve their capacity to make optimum decisions. Thus, this study would give an overview of the role of cybersecurity in the effective implementation of Industry 4.0.

Unmanned aerial vehicles are commonly known as UAVs and drones. Nowadays, industries have begun to realise the operational and economic benefits of drone-enabled tasks. The Internet of Things (IoT), Big Data, drones, etc., represent implementable advanced technologies intended to accomplish Industry 4.0. The purpose of this study is to discuss the significant contributions of drones for Industry 4.0.

Nowadays, drones are used for inspections, mapping and surveying in difficult or hazardous locations. For writing this paper, relevant research papers on drone for Industry 4.0 are identified from various research platforms such as Scopus, Google Scholar, ResearchGate and ScienceDirect. Given the enormous extent of the topic, this work analyses many papers, reports and news stories in an attempt to comprehend and clarify Industry 4.0.

Drones are being implemented in manufacturing, entertainment industries (cinematography, etc.) and machinery across the world. Thermal-imaging devices attached to drones can detect variable heat levels emanating from a facility, trigger the sprinkler system and inform emergency authorities. Due partly to their utility and adaptability in industrial areas such as energy, transportation, engineering and more, autonomous drones significantly impact Industry 4.0. This paper discusses drones and their types. Several technological advances and primary extents of drones for Industry 4.0 are diagrammatically elaborated. Further, the authors identified and discussed 19 major applications of drones for Industry 4.0.

This paper’s originality lies in its discussion and exploration of the capabilities of drones for Industry 4.0, especially in manufacturing organisations. In addition to improving efficiency and site productivity, drones can easily undertake routine inspections and check streamlines operations and maintenance procedures. This work contributes to creating a common foundation for comprehending Industry 4.0 outcomes from many disciplinary viewpoints, allowing for more research and development for industrial innovation and technological progress.

The development of new communication technology such as 5G is now a solid choice for Industry 4.0. 5G in the fifth generation replaces the presently used mobile telecommunications networks. In every sector of modern life, this technology is designed to resolve the issue of the enormous rise in daily gadgets. 5G allows rapid data transfer and significantly improves the Internet of Things (IoT), which contains billions of devices. The purpose of this paper is to study the potential applications of 5G for Industry 4.0.

Relevant research publications from Scopus, Web of Science and Google Scholar were identified to accomplish the objectives of this paper. 5G for Industry 4.0 enables crucial communications such as wireless management of machines and robotics to unleash Industry 4.0’s full potential, including the considerable proliferation of IoT devices in 5G. This technology enhances quality control, increasing inspections that rely on real-time analysis for rapid and early detection.

In Industry 4.0, 5G technology provides high speed and flexibility connectivity which helps to enhance the entire manufacturing system. This paper briefs about 5G and different network technologies used in 5G. Advancements, associated features and specialties, and significant enablers of 5G for Industry 4.0 are discussed. Finally, the paper identifies and discusses eighteen 5G applications for Industry 4.0. 5 G-enabled robots are used in manufacturing to carry out extensive work to enhance connectivity.

5G is the next-generation communication technology, allowing numerous examples of inventive usage, including Industry 4.0. In line with its long-term vision of digitisation, 5G benefit the whole value chain, including consumers and businesses.

Over the past few decades, lean manufacturing has focussed on being customer-centred and now Lean 4.0 technologies have made it possible for manufacturers to have a deeper view of waste reduction. Technologies such as the internet of things, artificial intelligence, three-dimensional printing, robotics, real-time data, cloud computing, predictive analytics and augmented reality, are helpful to achieve Lean 4.0. This study aims to develop the conceptual understanding of Lean 4.0, related tools and linkage with Industry 4.0. Further, it provides the strategies for implementing Lean 4.0, developing lean culture and highlights the Lean 4.0 application in the manufacturing context.

This study relates to Lean 4.0 and its technologies. Prominent research is identified through Scopus, Web of Science, ScienceDirect and Google Scholar and studied as per the objective of this study. This lean revolution provides customers desire for personalisation, connectedness, high-quality and valuable products. Lean 4.0 provides valuable information on the value chain and production process. This revolution has significantly impacted refining production processes for a greater level of adaptability and cost reduction.

This paper is brief about Lean 4.0 and its capabilities for the reduction of waste. The authors discussed different tools used in Lean 4.0 and its relationship with Industry 4.0. The classical strategies and progressive features of Lean 4.0 for overall enhancing the manufacturing sphere are discussed diagrammatically. Finally, it identified and discussed 14 significant applications of Lean 4.0 for manufacturing industries.

This study provides a comprehensive understanding of Lean 4.0 and related tools and strategies that help the upcoming manufacturing industries.

The purpose of this study is to present Industry 4.0 technologies for advancing the circular economy (CE) adaption in manufacturing industry’s supply chain (SC) network. To pursue the same, Industry 4.0 technological aspects were recognized as solution measures to overcome the challenges for CE implementation in SC.

A new hierarchical framework containing 13 leading CE challenges and eight promising Industry 4.0 technological aspects had been proposed, representing their mutual relationship. The proposed framework was analysed using a hybrid approach of analytic hierarchy process (AHP) and combinative distance-based assessment (CODAS) under interval-valued intuitionistic fuzzy (IVIF) environment. The IVIF-AHP was used to acquire the priority weights of the CE challenges, whereas the IVIF-CODAS was used to attain the preference order of the proposed technological aspects.

The key findings of the present work indicate that “Information disruptions among the SC members due to multiple channels” and “Manpower inability to handle the toxic materials” are the two most critical challenges hindering the adoption of CE practices in SC. Along with, the results also demonstrate that to overcome these challenges, “Smarter equipment to empower flexibility and mass customization” and “Big data driven decision-making system” are the two most significant Industry 4.0 technological solutions, adoption of which might encourage the organizations to align their operations with CE philosophies.

The sample size of the experts engaged in work was limited; however, big data studies could be conducted in future to capture more insights of the stated topic. In addition to this, to understand the implication of CE on Industry 4.0-based manufacturing, a separate study can be synthesised in future.

The proposed work facilitates a new framework consolidating various perspectives associated with CE implementation into a manufacturing industry considering the scenario of Indian rubber industry. This study enables the decision-makers to recognize the challenging factors for CE implementation into their organizations and up-taking the proposed Industry 4.0 practices as technological measures for improving the organization overall performance.

The catastrophic state of the COVID-19 pandemic outbreak has seized off all the operations along with the globe. It has not only distressed the socio-economic structure of the world but also mounted enormous pressure on the governmental bodies to save the lives of the people. Despite this, severe impacts of the same have been observed on the small and medium manufacturing enterprises (SMME) practices, resulting in the economic downturn. The purpose of this study is to facilitate the SMME’s with circular economy (CE) practices to overcome the negative impacts of the COVID-19 outbreak on their supply chain (SC) operations.

The presented work identified seven critical impacts as criteria of the novel COVID-19 pandemic on the Indian SMME and seeks to identify the relief measures in the CE paradigm by identifying 13 prominent enablers to CE as alternatives. Experts’ opinions have been engaged to detect CE enablers’ proficiency to overpower the pandemic impact through a questionnaire-based survey. The obtained data have been clustered and analyzed through a hybrid approach of entropy weight method and grey relational analysis to find an organized ranking of the enablers.

Current work spotlights the SMME’s losses due to SC disruptions and declined consumption patterns. The waste augmentation during the pandemic era has also been grouped in this study, primarily associating with the SC’s waste generation. The result of the performed analysis shows that the CE enabler “waste reduction and its transformation into a resource (E1)” have achieved the highest rank among all the considered enablers, governing a higher demand toward reusing waste for better handling the post COVID era state of affairs.

The presented study aimed to suppress the pandemic impact and generate anticipation of the CE concept, which might help the managers and policymakers identify its urgent need to achieve a stable and resilient SC system in a post COVID period. Presented work is peculiar, aiming to accelerate the CE adaption with green material usage in the industrial sector to suppress the present miserable condition and to achieve industrial and social sustainability for a better-foreseen future.

The COVID-19 pandemic has impacted 222 countries across the globe, with millions of people losing their lives. The threat from the virus may be assessed from the fact that most countries across the world have been forced to order partial or complete shutdown of their economies for a period of time to contain the spread of the virus. The fallout of this action manifested in loss of livelihood, migration of the labor force and severe impact on mental health due to the long duration of confinement to homes or residences.

The current study identifies the focus areas of the research conducted on the COVID-19 pandemic. Abstracts of papers on the subject were collated from the SCOPUS database for the period December 2019 to June 2020. The collected sample data (after preprocessing) was analyzed using Topic Modeling with Latent Dirichlet Allocation.

Based on the research papers published within the mentioned timeframe, the study identifies the 10 most prominent topics that formed the area of interest for the COVID-19 pandemic research.

While similar studies exist, no other work has used topic modeling to comprehensively analyze the COVID-19 literature by considering diverse fields and domains.

The learning outcomes of this study are as follows:

1. understand the role of financial inclusivity in the sustainable development of a nation;

2. examine the concept of social entrepreneurship and identify the skills needed to be a social entrepreneur;

3. analyze the opportunities and challenges faced by social entrepreneurs, especially in an emerging economy; and

4. assess the feasible options with respect to upscaling and expansion.

Yamuna Sastry, a young woman from a traditional Indian family, had set out to achieve her dream of financial inclusivity by helping the underprivileged in her country gain financial independence and credibility. When she was approached by a cab driver to file tax returns for him, a new venture took shape in her mind, and along with a partner, CabDost, a socially driven financial advisory start-up was created to provide financial advisory services exclusively for cab drivers. CabDost had been instrumental in making over 15,000 cab drivers financially literate, instilling in them a culture of compliance, getting them tax refunds and enabling the Indian Government recover eight crores in taxes. The success of financial inclusivity among cab drivers inspired CabDost to extend its financial services to truck drivers, auto drivers, housekeeping staff and other contractual workforce. The company found it challenging to address the demands of the increasing customer base with its available technical resources. The absence of an in-house tech team and the need for an all-in-one tech platform to provide a wide variety of financial services induced CabDost to explore other options. Dvara Money, a neo bank offering financial services, approached CabDost with a merger proposal. Though it was a lucrative offer, the founding members were apprehensive as they knew that most of the mergers failed because of myriad reasons. They were contemplating on their next move as they were in a dilemma about whether to develop a technical team in-house or to go ahead with the merger.

The case can be taught to business management students as a part of the introductory course on entrepreneurship or social entrepreneurship. The case can be used specifically to make the students understand the role of financial inclusivity in the sustainable development of a nation, the concept of social entrepreneurship, the journey of social entrepreneurs in the financial inclusivity space, right from ideation to execution, the challenges faced in the bargain, survival mechanisms adopted and the various options available for further growth and expansion.

Teaching notes are available for educators only.

CSS 3: Entrepreneurship.