Abstract
The concept of Industry 4.0 emerged in Europe a decade ago, and later, it
was investigated and adopted by academics and industries throughout the world. Due to
significant technical improvements in various industries over the past few years, the
world's industrial systems have transformed. The major technologies, such as IoT and
Big Data, have a large impact on Industry 4.0. They affect each and every sector of the
economy. The main advantages include advances in productivity, efficiency, flexibility,
decision-making process, and quality of goods and services. The challenges include
analyzing the data produced and integrating new technology with the staff and
equipment that are already in place. Our goal is to summarize the potential and
challenges associated with adopting Industry 4.0 in the manufacturing sector.
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