International Journal of Management, IT and Engineering
  • Year: 2018
  • Volume: 8
  • Issue: 9

Exploring the opportunities and ch allenges of industry 4.0 for entrepreneurship development in India

  • Author:
  • Ananda Rao Madasala, Supriya
  • Total Page Count: 9
  • Page Number: 306 to 314

*Assistant professor, Business Studies, Higher College of Technology, Muscat, Oman

**J Assistant Professor, Nova Engineering College, Vijayawada, A.P, India

Online published on 18 October, 2019.

Abstract

The advanced technological development in the era of forth industrial revolution causes enormous changes in the model of entrepreneurship in India and in the world. The forth industrial revolution brought augmented technological advancements like robotics, auto machine, and artificial intelligence accelerating the growth of different entrepreneurship models and global economies. There are abundant opportunities in India for the growth of entrepreneurships, which is dire need of Indian society where there is high unemployment rate prevailing. In this context, this paper is an attempt to examine what are the new opportunities and challenges of revolution 4.0 in the development of entrepreneurship in India, further to investigate the implication of emerging technologies on the way how the new entrepreneurship models are evolving. The researcher pin down some of the challenges of entrepreneurs in the era of forth industrialization to avail advanced opportunities and also tries to offer some suggestions to overcome these challenges and explores the further direction for research.

Keywords

Entrepreneurship, forth industrial revolution, artificial intelligence, future opportunities