Industry 4.0 Risk, Resilience & Adaptability: A Network and Theme-Based Approach

This study aims to achieve an understanding of Industry 4.0 and examine its advantages and drawbacks. The research study offers a thorough literature review on the evolution of technological trends related to Industry 4.0 over the past decade, including an in-depth analysis of its potential to support the entire organizational value chain, thereby augmenting and enhancing the existing supply chain infrastructure of the firm. It is widely recognized that the implementation of Industry 4.0 presents various challenges and inherent limitations. Is it attainable & sustainable? This study is comprehensive, drawing upon a literature review encompassing 15,053 papers up to 2024. The chosen articles are centered around the concept of "Industry 4.0" and its various interpretations. Moreover, to discern emerging themes through an extensive literature review encompassing 15,053 papers, a year-wise topic modelling approach was utilized, employing the BERTopic methodology. The research indicates that engineering and computer science are the predominant disciplines addressing the complexities of Industry 4.0. The findings underscored the complexities encountered in the implementation of I4.0 tools, encompassing adaptability, flexibility, organizational culture, and efficiency. This paper elucidates the diverse technologies linked to Industry 4.0 that have ignited a dialogue in the realms of innovation and technology. The array of technological advancements, including the Internet of Things (IoT) and blockchain, presents significant advantages and sustainability over time. This work will help academics to further research in Industry 4.0 and provide insights into areas where additional research can be conducted.