IDEAS home Printed from https://ideas.repec.org/a/sae/vision/v27y2023i1p24-32.html
   My bibliography  Save this article

Industry 4.0 Adaption in Indian Banking Sector—A Review and Agenda for Future Research

Author

Listed:
  • Ritika Gupta

Abstract

Digitalization and intelligization is the need of the hour in today’s world. The manufacturing industry is, in fact, moving towards the fourth-generation industry, which we termed as Industry 4.0 or the Fourth Industrial revolution, which is defined as a new level of organization and control over the entire value chain of the life cycle of products; it is geared towards increasingly individualized customer requirements. Industry 4.0 is all about talking in terms of big data, technology, cyber security, the Internet of Things (IoT) and so on. This study is done to understand the new emerging technology in data exchange and automation, popularly known as Industry 4.0, in terms of banking sector with context to the Indian banking sector. The study focuses on studying banks in a digitalized word and what are the challenges that banks face. How banks cope up with digitalization, keeping customers at priority. This study centred on incorporating articles published in recent years to establish knowledge on the topic and to further identify areas for future research.

Suggested Citation

  • Ritika Gupta, 2023. "Industry 4.0 Adaption in Indian Banking Sector—A Review and Agenda for Future Research," Vision, , vol. 27(1), pages 24-32, February.
    • Handle: RePEc:sae:vision:v:27:y:2023:i:1:p:24-32
    DOI: 10.1177/0972262921996829
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0972262921996829
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0972262921996829?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sven-Vegard Buer & Jan Ola Strandhagen & Felix T. S. Chan, 2018. "The link between Industry 4.0 and lean manufacturing: mapping current research and establishing a research agenda," International Journal of Production Research, Taylor & Francis Journals, vol. 56(8), pages 2924-2940, April.
    2. Gunnar Prause & Gunnar Prause & Sina Atari, 2017. "On sustainable production networks for Industry 4.0," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 421-431, June.
    3. Gunnar Prause & Sina Atari, 2017. "On sustainable production networks for Industry 4.0," Post-Print hal-01860909, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ane-Mari Androniceanu & Irina Georgescu & Manuela Tvaronavičienė & Armenia Androniceanu, 2020. "Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0," Sustainability, MDPI, vol. 12(17), pages 1-20, August.
    2. Barbara Aquilani & Michela Piccarozzi & Tindara Abbate & Anna Codini, 2020. "The Role of Open Innovation and Value Co-creation in the Challenging Transition from Industry 4.0 to Society 5.0: Toward a Theoretical Framework," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    3. Xiaoxia Chen & Mélanie Despeisse & Björn Johansson, 2020. "Environmental Sustainability of Digitalization in Manufacturing: A Review," Sustainability, MDPI, vol. 12(24), pages 1-31, December.
    4. 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.
    5. Song, Yi & Cheng, Jinhua & Zhang, Yijun & Dai, Tao & Huang, Jianbai, 2021. "Direct and indirect effects of heterogeneous technical change on metal consumption intensity: Evidence from G7 and BRICS countries," Resources Policy, Elsevier, vol. 71(C).
    6. Bag, Surajit & Gupta, Shivam & Kumar, Sameer, 2021. "Industry 4.0 adoption and 10R advance manufacturing capabilities for sustainable development," International Journal of Production Economics, Elsevier, vol. 231(C).
    7. Michela Piccarozzi & Barbara Aquilani & Corrado Gatti, 2018. "Industry 4.0 in Management Studies: A Systematic Literature Review," Sustainability, MDPI, vol. 10(10), pages 1-24, October.
    8. Bojan Obrenovic & Jianguo Du & Danijela Godinic & Diana Tsoy & Muhammad Aamir Shafique Khan & Ilimdorjon Jakhongirov, 2020. "Sustaining Enterprise Operations and Productivity during the COVID-19 Pandemic: “Enterprise Effectiveness and Sustainability Model”," Sustainability, MDPI, vol. 12(15), pages 1-27, July.
    9. José Salvador da Motta Reis & Maximilian Espuny & Thaís Vieira Nunhes & Nilo Antonio de Souza Sampaio & Raine Isaksson & Fernando Celso de Campos & Otávio José de Oliveira, 2021. "Striding towards Sustainability: A Framework to Overcome Challenges and Explore Opportunities through Industry 4.0," Sustainability, MDPI, vol. 13(9), pages 1-28, May.
    10. Piccarozzi, Michela & Silvestri, Cecilia & Aquilani, Barbara & Silvestri, Luca, 2022. "Is this a new story of the ‘Two Giants’? A systematic literature review of the relationship between industry 4.0, sustainability and its pillars," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    11. Andrey I. Vlasov & Pavel V. Grigoriev & Aleksey I. Krivoshein & Vadim A. Shakhnov & Sergey S. Filin & Vladimir S. Migalin, 2018. "Smart management of technologies: predictive maintenance of industrial equipment using wireless sensor networks," Post-Print hal-02342832, HAL.
    12. Andrey I. Vlasov & Pavel V. Grigoriev & Aleksey I. Krivoshein & Aleksey I. Krivoshein & Vadim A. Shakhnov & Sergey S. Filin & Sergey S. Filin & Vladimir S. Migalin, 2018. "Smart management of technologies: predictive maintenance of industrial equipment using wireless sensor networks," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 489-502, December.
    13. Manuela Ingaldi & Robert Ulewicz, 2019. "Problems with the Implementation of Industry 4.0 in Enterprises from the SME Sector," Sustainability, MDPI, vol. 12(1), pages 1-18, December.
    14. Piotr Trąpczyński & Łukasz Puślecki & Michał Staszków, 2018. "Determinants of Innovation Cooperation Performance: What Do We Know and What Should We Know?," Sustainability, MDPI, vol. 10(12), pages 1-32, November.
    15. Sony, Michael & Naik, Subhash, 2020. "Industry 4.0 integration with socio-technical systems theory: A systematic review and proposed theoretical model," Technology in Society, Elsevier, vol. 61(C).
    16. Sengazhani Murugesan Vadivel & Aloysius Henry Sequeira & Robert Rajkumar Sakkariyas & Kirubaharan Boobalan, 2022. "Impact of lean service, workplace environment, and social practices on the operational performance of India post service industry," Annals of Operations Research, Springer, vol. 315(2), pages 2219-2244, August.
    17. Lee, Chien-Chiang & Qin, Shuai & Li, Yaya, 2022. "Does industrial robot application promote green technology innovation in the manufacturing industry?," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    18. Bueno, Adauto & Goyannes Gusmão Caiado, Rodrigo & Guedes de Oliveira, Thaís Lopes & Scavarda, Luiz Felipe & Filho, Moacir Godinho & Tortorella, Guilherme Luz, 2023. "Lean 4.0 implementation framework: Proposition using a multi-method research approach," International Journal of Production Economics, Elsevier, vol. 264(C).
    19. Olumide Emmanuel Oluyisola & Fabio Sgarbossa & Jan Ola Strandhagen, 2020. "Smart Production Planning and Control: Concept, Use-Cases and Sustainability Implications," Sustainability, MDPI, vol. 12(9), pages 1-29, May.
    20. Livio Cricelli & Serena Strazzullo, 2021. "The Economic Aspect of Digital Sustainability: A Systematic Review," Sustainability, MDPI, vol. 13(15), pages 1-15, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:vision:v:27:y:2023:i:1:p:24-32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.