The IUP Journal of Information Technology
Internet of Things (IoT): The New Paradigm of HRM and Skill Development in the Fourth Industrial Revolution (Industry 4.0)

Article Details
Pub. Date : Dec, 2019
Product Name : The IUP Journal of Information Technology
Product Type : Article
Product Code : IJIT11912
Author Name : Debasis Dash, Rayees Farooq, Jyoti Sankar Panda and K V Sandhyavani
Availability : YES
Subject/Domain : Engineering
Download Format : PDF Format
No. of Pages : 24

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Abstract

The study aims at exploring and assimilating the viewpoints regarding the new standards and challenges of IoT-enabled HRM during Industry 4.0 (ID 4.0) by placing the IoT-HRM concept in clear perspective. Theoretical evidences were examined from selected databases using keyword searches like HRM, IoT and ID 4.0. Enablement of HRM through IoT and its advantage has been vividly researched and multiple publications on these developments during the era of Fourth Industrial Revolution are available. However, most of them address just a few aspects of the HRM, and unlike available literature, the present work is a comprehensive one, where major aspects of HRM have been discussed with a future possibility of automation using IoT technologies. Organizations aspiring for taking a lead in ID 4.0 by embarking on a digital journey will be benefitted as this study highlights the key elements of HRM that include thrust on training, learning and innovations; IoT competency essentials; transformative learning solutions; hardware essentials for skill development, reskilling and retraining for bridging the skill gap; and risk and vulnerability issues can be used to overcome HRM issues by harnessing IoT and related technologies. The findings of the study are relevant for organizations, institutions and HR managers. The study proposes implementation of an IoT-based reusable framework for automating HRM system and processes that would eventually lead to comprehensive skill development through customization and seamless integration of existing HRM system by deployment of IoT sensors, actuators and devices. The study contributes to the IoT and ID 4.0 literature by providing significant insights into utilization of these technologies for skill development.


Description

The world is changing at an incredible pace. The advent of Fourth Industrial Revolution is marked by technological breakthroughs achieved in fields that include robotics, Artificial Intelligence (AI), nanotechnology, quantum computing, biotechnology, Internet of Things (IoT), 3D printing and autonomous vehicles, etc. The IoT is an amalgamation of technology architecture intended to perform actions. According to cognixia.com, with the number of IoT devices increasing by 31% year-over-year, totalling 8.4 billion in 2017 and by 2022, it is estimated that there will be 30 billion IoT devices (https:// www.cognixia.com/courses/internet-of-things-certification#1531283660135-80385e36 a0b0). John (2018) predicted that due to the constant growth of the IoT network, by the year 2025, IoT device management market will be $5.1 bn worth. In other words, IoT is a way of stitching together many different types of technologies in a specific manner in order to do something new (Holdowsky et al., 2015). The networking within IoT services, data and people will transform the future of manufacturing.


Keywords

Internet of Things (IoT), Human Resource Management (HRM), Fourth Industrial Revolution (Industry 4.0), Information and Communication Technology (ICT), Smart Learning Environment (SLE), Radio Frequency Identification (RFID), Science, Technology, Engineering and Mathematics (STEM), Smart workforce competence model, Reskilling

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