Digital Technologies' Contribution to the Environmental Market's Sustainability

Abstract

Industry 4.0 has transformed manufacturing systems by adopting digital technologies such as big data analytics, cloud computing, and the Internet of Things. This transformation has improved customer service, increased production efficiency, and enhanced product development. Nevertheless, these technologies can put both financial and environmental limitations on businesses. The influence of digital technology on the economic and ecological market is contingent upon multiple elements, including the dynamic nature of the environment. Precision agriculture utilizes Digital Twin and Blockchain technologies to enhance decision-making processes and ensure food security. An integrated research strategy was employed to examine the barriers to implementing digital technology in emerging economies. Industry 4.0 technologies can be utilized in flexible manners, such as monitoring soil conditions, integrating drones, and managing livestock to decrease water usage, optimize the application of fertilizers and nutrients, and enhance social sustainability.