The Current Status and Developing Trends of Industry 4.0: a Review

The core concept of Industry 4.0 is to integrate advanced information technologies, especially emerging technologies, such as the Internet of Things, 5G & 6G, data analytics and management, artificial intelligence, cloud computing, and blockchain, to achieve a consistent transformation and upgrade of manufacturing and to reshape the value chain of industry and society. More research focuses on the integration of informatization and industrialization, the digital integration and governance of the industry, and specific technical and operational objects. This paper conducts a survey trying to depict an overview of Industry 4.0, specifically a bibliographic analysis, the extant review and status, the enabling technologies, the major drivers, implementing policies in major countries, and developing trends and challenges. Furthermore, the next generation of industrial revolution Industry 5.0 is discussed. This study theoretically and practically provides a good foundation of the industrial revolution from the information systems perspective.