Enhancing Industrial Automation through Efficient Technology Management in Society

Abstract

Purpose: The accelerated advancement of technology has revolutionized industries across the globe, enabling unprecedented levels of automation and efficiency. An in-depth examination of the vital field of technology management and its crucial part in orchestrating the smooth automation of primary, secondary, tertiary, and quaternary industries is provided in this study. Information, communication, and computation technologies (ICCT underlying technologies) and nanotechnologies are included in the broad range of Universal technologies of the 21st century that fall under the purview of technology management. The first point made in the article is how crucial good technology management is to the success of industrial automation. It looks at how technology management techniques have changed to meet the varied and dynamic nature of contemporary industries. Design/Methodology/Approach: ICCT can be used to connect and coordinate processes, as well as for intelligent decision-making. Additionally, the potential of nanotechnologies for precise and miniature automation components is being explored. Examining the intricacies related to technology integration, scalability, and sustainability, key challenges and opportunities in technology management are examined. Findings/Result: The paper provides insights into best practices for matching organizational goals and strategies with technology management, emphasizing the necessity for flexible frameworks that can adjust to changing market demands. Based on the proposed developments of Super Intelligent Machines and technology-based singularity, and their impact on Industrial Automation, the consequences of socio-economic and environmental effects of technology-driven automation in companies are also covered in this article, highlighting the significance of ethical and sustainable technology management. It emphasizes the requirement for moral concerns, skill development, and laws that guarantee a fair transition to automated industrial processes while minimizing potential negative effects. Originality/Value: In summary, competent technology management forms the basis for the successful automation of industries in all spheres of society. This paper includes a comprehensive overview of the principles, strategies, and applications of technology management along with ABCD analysis emphasizing the potential for transformative change in the landscape of modern industries in all four sectors and the pressing need to ensure ethical and sustainable practices. Type of paper: Exploratory Research.