Technological Enablers and Prospects of Project Management in Industry 4.0: A Literature Review

Abstract

This study provides an overview of the 'technological enablers,' which include technologies, methods, and organizational strategies, critical for transitioning to Industry 4.0. The shift is propelled by numerous challenges faced by modern companies, including global competition, economic inequality, and educational gaps, to name a few. To illuminate these complexities, we conducted a critical literature review, emphasizing perspectives related to industrial projects and 4.0 factories. This approach helped us identify notable trends within Industry 4.0 and discuss potential benefits and obstacles pointed out by various researchers in the field. This paper presents an updated summary of Industry 4.0 features, trends, and implementation factors, aiding readers to identify possible opportunities and challenges in their projects or work environments. As Industry 4.0 increasingly integrates companies with users across creative, design, and major business decisions, the need to adjust competitive strategies for gaining advantages becomes paramount.

Received: 9 April 2023 / Accepted: 12 June 2023 / Published: 5 July 2023