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  Published Paper Details:

  Paper Title

AI-Powered Industry 4.0: Pathways to Economic Development and Innovation

  Authors

  Rakibul Hasan Chowdhury

  Keywords

AI-Driven, Economic Development, Industry 4.0, Artificial Intelligence, Technological Innovation, Smart Manufacturing, Digital Transformation, Automation, Economic Growth and Fourth Industrial Revolution.

  Abstract


Industry 4.0 marks a significant paradigm shift through the convergence of digital, physical, and biological systems, characterized by the integration of cyber-physical systems, cloud computing, cognitive computing, and the Internet of Things (IoT). Central to this transformation is the deployment of artificial intelligence (AI), which drives economic development by optimizing manufacturing processes, enhancing productivity, and fostering innovation. This study investigates the pivotal role of AI in Industry 4.0, employing a mixed-methods approach that includes a comprehensive literature review, critical analysis of research papers, and expert interviews. The findings reveal that AI technologies such as machine learning, predictive analytics, and computer vision substantially improve industrial operations by reducing costs, improving product quality, and increasing efficiency. Furthermore, the study identifies significant challenges, including data privacy concerns, the need for skilled workforce adaptation, and ethical considerations. By exploring the strategic importance of AI, this research provides insights into how AI adoption can enhance industrial competitiveness and economic growth. The study concludes with recommendations for future research and practical implementations, emphasizing the need for interdisciplinary collaborations, robust regulatory frameworks, and responsible AI deployment. These insights aim to guide stakeholders in harnessing the full potential of AI-driven Industry 4.0, paving the way for sustainable and inclusive economic development.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2406858

  Paper ID - 264512

  Page Number(s) - h650-h657

  Pubished in - Volume 12 | Issue 6 | June 2024

  DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.40238

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Rakibul Hasan Chowdhury,   "AI-Powered Industry 4.0: Pathways to Economic Development and Innovation", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 6, pp.h650-h657, June 2024, Available at :http://www.ijcrt.org/papers/IJCRT2406858.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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