Adoption of Industry 4.0 Technologies for Performance Management

The fourth industrial revolution (Industry 4.0) continues to evolve, revolutionize, and impact various aspects of contemporary organizations, and one such paradigm shift is pertinent to performance management. Innovative advancements in emerging and advanced Industry 4.0 technologies, such as artificial intelligence (AI), internet-of-things (IoT), cloud computing, machine learning (ML), digital twin, big data analytics, automation, and several others are reshaping the performance management domain in myriad ways. This study delves into the adoption of Industry 4.0 technologies that influence how organizations measure, evaluate, and augment employee performance. Digital tools assist in monitoring remote performance, and AI-driven algorithms offer predictive analytics. Comprehensively, these foster agility, adaptability, and alignment, thus providing personalized insights, continuous feedback, and performance trends. While it enhances objectivity and efficiency, there are also critical challenges relating to data privacy and ethical considerations. Study findings emphasize the transformative potential that Industry 4.0 has in transforming performance management parameters toward workforce empowerment and heightened levels of engagement and productivity.