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Human Capital in the Smart Manufacturing and Industry 4.0 Revolution

In: Digital Transformation in Smart Manufacturing

Author

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  • Joseph Evans Agolla

Abstract

The purpose of this chapter is to highlight the important role of human capital management in the Smart Manufacturing and Industry 4.0 revolution. Two hundred years ago, industrial revolution in the west has transformed or evolved from mechanical production driven or powered by water, and to date, we are in an era characterised by cyber physical systems. This transformation or industrial revolution has been driven by humans using creative minds to solve problems that were confronted. The Industrial 1.0 Revolution around 1700 AD, mass production was carried out by mechanical production powered by water (steam engines), which was labour intensive. The more manpower an industrial organisation has, the more goods and services would be produced, though this could take long to reach the market but that was the industrial system at that time. From mechanical production powered by steam engines between 1700s and 1800s to the second Industrial Revolution mass production powered by electricity between 1800s and 1900s to the third Industrial Revolution powered by electronic and IT automation and finally to Industry 4.0 Revolution cyber systems in 2000 and beyond, human capital has generated innovative solutions to human problems more than ever before. Today, human capital is not only creative, but rather a super human capital.

Suggested Citation

  • Joseph Evans Agolla, 2018. "Human Capital in the Smart Manufacturing and Industry 4.0 Revolution," Chapters, in: Antonella Petrillo & Raffaele Cioffi & Fabio De Felice (ed.), Digital Transformation in Smart Manufacturing, IntechOpen.
    • Handle: RePEc:ito:pchaps:123157
    DOI: 10.5772/intechopen.73575
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    Citations

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    Cited by:

    1. Iva Vuksanović Herceg & Vukašin Kuč & Veljko M. Mijušković & Tomislav Herceg, 2020. "Challenges and Driving Forces for Industry 4.0 Implementation," Sustainability, MDPI, vol. 12(10), pages 1-22, May.
    2. Kinkel, Steffen & Baumgartner, Marco & Cherubini, Enrica, 2022. "Prerequisites for the adoption of AI technologies in manufacturing – Evidence from a worldwide sample of manufacturing companies," Technovation, Elsevier, vol. 110(C).
    3. Dominique Lepore & Sabrina Dubbini & Alessandra Micozzi & Francesca Spigarelli, 2022. "Knowledge Sharing Opportunities for Industry 4.0 Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 501-520, March.
    4. Petra Maresova & Ivan Soukal & Libuse Svobodova & Martina Hedvicakova & Ehsan Javanmardi & Ali Selamat & Ondrej Krejcar, 2018. "Consequences of Industry 4.0 in Business and Economics," Economies, MDPI, vol. 6(3), pages 1-14, August.
    5. Roland Zs. Szabo & Iva Vuksanović Herceg & Robert Hanák & Lilla Hortovanyi & Anita Romanová & Marian Mocan & Dragan Djuričin, 2020. "Industry 4.0 Implementation in B2B Companies: Cross-Country Empirical Evidence on Digital Transformation in the CEE Region," Sustainability, MDPI, vol. 12(22), pages 1-20, November.
    6. Violeta Sima & Ileana Georgiana Gheorghe & Jonel Subić & Dumitru Nancu, 2020. "Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review," Sustainability, MDPI, vol. 12(10), pages 1-28, May.
    7. Muhammad Midhat Ali & Sheheryar Mohsin Qureshi & Muhammad Saad Memon & Sonia Irshad Mari & Muhammad Babar Ramzan, 2021. "Competency Framework Development for Effective Human Resource Management," SAGE Open, , vol. 11(2), pages 21582440211, April.
    8. Shet, Sateesh V. & Pereira, Vijay, 2021. "Proposed managerial competencies for Industry 4.0 – Implications for social sustainability," Technological Forecasting and Social Change, Elsevier, vol. 173(C).

    More about this item

    Keywords

    human capital; cyber physical space; industry 4.0 revolution; innovation; management; virtual organisations;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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