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ISSN 2063-5346
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HUMAN RESOURCE TRAINING NEEDS OF INDUSTRY 4.0 REVOLUTION- A STUDY WITH SPECIAL REFERENCE TO INDIAN PUBLIC SECTOR

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Dr Jyoti Munde, Dr Poonam,Dr. Divya,Udita Jhavar,Dr Tosendra Dwivedi
» doi: 10.31838/ecb/2023.12.si5.020

Abstract

As part of the industry 4.0 revolution, businesses are starting to use cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), and automation. For this change to happen, the workforce needs to have a high level of expertise and be able to work with new technologies to improve productivity, efficiency, and creativity. As part of the industry 4.0 revolution, Indian public sector companies like ONGC, Gail, and HPCL have a big need for Human Resource (HR) training. This is because the workforce needs to both improve and change its skills. HPCL is one of these businesses. Still, these fields face a number of problems, such as limited budgets, a lack of infrastructure, a resistance to change, limited access to the right training resources, cultural differences, and a lack of knowledge about data privacy and security. Investing in the training and development of human resources can help industries in the public sector in a number of ways. These benefits include better productivity and efficiency, more innovation and creativity, better decision-making, better employee engagement and retention, better safety and compliance, and better customer experience. A study on the HR training needs of the industry 4.0 revolution in Indian public sector industries could show the skills gap that currently exists, the training and development programs that are needed to close this gap, and the problems that need to be fixed to ensure a highly skilled and competitive workforce. Industry 4.0 is rapidly becoming a formidable force all over the world, and it is being heralded as the subsequent industrial revolution. In recent years, embracing new technology has been a driving force behind HRM's role.

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