Key Industry 4.0 Technologies and Their Role in Project Management

Abstract

Industry 4.0, characterized by the integration of technologies like the Internet of Things (IoT), Big Data, and Artificial Intelligence (AI), is reshaping project management by enabling real-time data access, predictive analytics, and automation. This article explores the impact of these key technologies on project management, examining how they enhance efficiency, resource allocation, and risk management. The study focuses on the ways in which IoT enables real-time monitoring, Big Data analytics provides data-driven decision-making, and AI enhances predictive capabilities within project frameworks. Case studies from various industries illustrate the tangible benefits and challenges associated with adopting Industry 4.0 in project management, highlighting improvements in project timelines, cost-effectiveness, and team coordination. The findings suggest that organizations leveraging these technologies can better navigate complex projects, optimize resources, and respond proactively to potential issues. This article offers insights for companies aiming to implement Industry 4.0 technologies effectively, emphasizing the potential of digital transformation to drive project success.