Impact of Industry 4.0 over crowdsourcing in Indian Circumstances

Abstract

We are going through an era of industrial revolution, known as Industry 4.0 which is providing facility of implementing variety of emerging technologies. The initiatives of industry 4.0 are influencing every area of business system. Crowdsourcing is playing a significant role in this industry revolution, through
which new products are designed and produced using innovative ideas of the community. In this dynamic business environment, business development and growth demand product to be innovated on a fast pace according to the need and wish of the end user or the customer. This study explores the
impact of industry 4.0 over crowdsourcing for new product development and presents the challenges of adoption of industry 4.0 that will impact over business processes in Indian scenario.