Industry 4.0 Future Managerial Challenges for Pakistani Markets/Industries

Abstract

Industrial revolution 4.0 is the term used by German scientist. The concept of industrial 4.0 is artificial Intelligence, smart factories, internet of things, cyber physical system. Industrial revolution 4.0 is a technological advancement of current era. The main purpose of this paper is to find barriers, challenges to implementation in Pakistan. Industrial revolution 4.0 future managerial and technological challenges for Pakistani industries and market. Pakistani industry has lack of experience of management in context of industrial revolution 4.0 and Pakistani industry needs competitive management in context of industry 4.0. Human Resources management plays a vital role through training Programs and jointly works with engineering universities and business universities to overcome challenges more efficiently. Pakistan’s Infrastructure, economic condition, instability, utility crisis, unavailability of smart devices, and unavailability of latest machinery may also be possible barriers. Conducting an online survey through questionnaire may highlight the underlying causes for this issue.

Keywords Pakistan, industry 4.0, artificial intelligence, smart factories, managerial challenges, Human resource management, training.

DOI: 10.7176/EJBM/12-3-02

Publication date: January 31^st 2020