Abstract:
The modification of the production process and technological development
have evolved deeply global industrial landscape innovation in the modern world. The
research literature concentrated on clarification, importance and implication of
technological system in the Industry 4.0 concept. The present literature represents of
lack of operating skill efforts to systematically in the new fourth revolution. The
intention of literature to contribute to the industry 4.0 concept, value and indication of
the technological system in Industry 4.0. The improving production processes and
increasing productivity and economy affecting the product life cycle impact on creating
a new business model in the new industrial paradigm. The companies adopt the
"industry 4.0" framework furthermore, many companies are not responsive about the
challenges in the framework of concept. The research focus to contribute to the
industry 4.0 concept, importance and implication of technological system.
