Abstract:

Covid-19 has been a pandemic with a global impact both on the world economy and on the survival of business enterprises. As the production has become digitalized and smarter, Industry 4.0 has also become a necessity for the industries. The term refers to the fourth industrial revolution in which the life cycle of the products has a new organizational and control level on the whole value chain, and it is for personalized customer needs. Industry 4.0 is not only a visionary but also a realistic concept with the introduction of the internet of things, industrial internet, smart manufacturing and cloud-based manufacturing process. Even though Covid-19 has a destructive impact, it also initiated a series of change in digital transformation. Covid-19 rapidly shapes digitalization between the sectors as well as the global business ecosystem, which creates a new opportunity for the digital leaders to discover innovative digital strategies and applications to direct their corporate digital transformation. The purpose of this article is to study the new trends and workflows in business enterprises while carrying out new technological applications of Industry 4.0 during Covid-19 pandemic.

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