Impact of digitalization strategies on employee effectiveness in the context of Industry 4.0

Impact of digitalization strategies on employee effectiveness in the context of Industry 4.0
Author(s):
Akanksha Singh, Dr. Rekha khosla
Keywords:
Industry 4.0, IoT, digitalization, technological advancement, Strategy factors, Firm’s performance, employee efficiency
Abstract
The emergence of Industry 4.0 follows the advanced expansion of scholarly literature. IoT refers to physical items that are embedded with processors, sensors, software, and technology, and it is a new paradigm shift that has brought the digital world and technology together. Industry 4.0 is a contemporary automation trend that merges all parts of academia in order to improve the innovative with smart digital twin digital journey. This is based on a strategy model that will be tested on a few organizations to explore how digitalization affects employee productivity and to investigate the driving forces of Industry 4.0. The impacts of Industry 4.0 on business performance are assessed using the propensity scores matching difference-in-difference method. The findings demonstrate that private and large enterprises are more motivated to promote the Industry 4.0 strategy, and that government subsidies have no meaningful impact on a company's decision to adopt the approach. The use of Industry 4.0 can result in major improvements.
Article Details
Unique Paper ID: 153403 Publication Volume & Issue: Volume 8, Issue 7 Page(s): 107 - 113
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