INDUSTRY 4.0: AN EMPIRICAL ANALYSIS OF SUSTAINABLE BUSINESS PERFORMANCE MODEL OF BANGLADESHI ELECTRONIC ORGANISATIONS

Abstract

Industry 4.0 is a German initiative aimed at creating a smart factory that integrates emerging and future technologies such as big data analysis, industrial IoT, additive manufacturing, virtual reality, cloud technology, and industrial robotics to create a cyber physical system (CPS) that interfaces with human equipment arrangements to produce smart manufacturing systems that are cost-effective and environmentally friendly (Alani & Alloghani, 2019). Industry 4.0 was resulted from an initiative by the German government towards an advanced technology strategy for 2020.