An Integrated Approach towards Determinants of Factors of Technology and Drivers for Achieving Sustainability in Industry 4.0

Abstract

With rapid technological developments with the onset of Industry 4.0, newer technologies are being employed across all sectors. And also with rising environmental concerns and businesses facing more volatility, complexity and risk every day than ever before there is a dire need to adjust to this volatile environment through leveraging the data that is readily available through the use of technology and staying ahead of the game by attaining sustainability in business towards people, process and machines. Hence, an exploratory research has been performed for understanding different sustainable models available and a business scorecard is proposed for achieving sustainability in Industry 4.0 through the use of smart technologies which will facilitate the same across both manufacturing and service industries.