The Impact of Industry 4.0 on the Economy

  • Hannah Fawna Jean Monnet University
Keywords: Industry 4.0, Fourth Industrial Revolution, digital transformation, economic impact, production processes, workforce transformation, business model innovation, economic growth, challenges and implications


This journal article examines the influence of Industry 4.0 on the economy, exploring its key components and potential benefits. Industry 4.0, also known as the Fourth Industrial Revolution or the Digital Revolution, entails the integration of digital technologies into various industries. The article investigates how this transformation is reshaping production processes, workforce dynamics, and business models, ultimately driving economic growth and innovation. Moreover, it addresses the challenges and implications of Industry 4.0 to provide a comprehensive understanding of its effects on the economy.


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How to Cite
Hannah Fawna. (2023). The Impact of Industry 4.0 on the Economy. International Journal of Science and Society, 5(3), 125-133.