{"title":"Symbiotic Relationship Between Machine Learning and Industry 4.0: A Review","authors":"M. Azeem, Abid Haleem, M. Javaid","doi":"10.1142/S2424862221300027","DOIUrl":null,"url":null,"abstract":"Industry 4.0 though launched less than a decade ago, has revolutionized the way technologies are being used. It has found its application in almost every field of manufacturing, cybersecurity, health, banking, and other services. Industry 4.0 is heavily dependent on interconnectivity and data. Machine learning (ML) acts as a foundation for building industry 4.0 applications. In this paper, we have provided a broad view of how ML is necessary to accomplish the benefits of industry 4.0. The paper includes ML usage in companies and the limitations of ML, which need to be mitigated. There are also some instances of the failure of ML algorithms and their repercussions. Though industry 4.0 requires a lot more inputs and capital than normal processes, the long-run benefits outweigh the initial costs. ML is gaining popularity, and extensive research is happening to exploit its potential and develop full smart applications.","PeriodicalId":51835,"journal":{"name":"Journal of Industrial Integration and Management-Innovation and Entrepreneurship","volume":null,"pages":null},"PeriodicalIF":3.4000,"publicationDate":"2021-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"13","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Industrial Integration and Management-Innovation and Entrepreneurship","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/S2424862221300027","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 13
Abstract
Industry 4.0 though launched less than a decade ago, has revolutionized the way technologies are being used. It has found its application in almost every field of manufacturing, cybersecurity, health, banking, and other services. Industry 4.0 is heavily dependent on interconnectivity and data. Machine learning (ML) acts as a foundation for building industry 4.0 applications. In this paper, we have provided a broad view of how ML is necessary to accomplish the benefits of industry 4.0. The paper includes ML usage in companies and the limitations of ML, which need to be mitigated. There are also some instances of the failure of ML algorithms and their repercussions. Though industry 4.0 requires a lot more inputs and capital than normal processes, the long-run benefits outweigh the initial costs. ML is gaining popularity, and extensive research is happening to exploit its potential and develop full smart applications.
期刊介绍:
The Journal of Industrial Integration and Management: Innovation & Entrepreneurship concentrates on the technological innovation and entrepreneurship within the ongoing transition toward industrial integration and informatization. This journal strives to offer insights into challenges, issues, and solutions associated with industrial integration and informatization, providing an interdisciplinary platform for researchers, practitioners, and policymakers to engage in discussions from the perspectives of innovation and entrepreneurship.
Welcoming contributions, The Journal of Industrial Integration and Management: Innovation & Entrepreneurship seeks papers addressing innovation and entrepreneurship in the context of industrial integration and informatization. The journal embraces empirical research, case study methods, and techniques derived from mathematical sciences, computer science, manufacturing engineering, and industrial integration-centric engineering management.