The development of the smart factory during the Industry 4.0 period under the study of system thinking

Following introducing the Industrial Revolution 4.0 framework in 2013, many industrialised nations have implemented this new industrial paradigm. The smart factory is a fundamental concept imperative for successfully implementing the Fourth Industrial Revolution. Many scholars and specialists contend that the ongoing advancement of smart factories will transform the industrial structure. This study aims to examine the status of smart factories, exploring the development and management of the smart factory during the Industry 4.0 period under the study of system thinking. This work extensively explores the distinctive notion and presents individual anecdotes regarding the development, execution, arrangement, and administration of intelligent factories by individuals. The research employs multiple methodologies, such as system thinking of relevant literature and systematic analysis of the proposed complex project. The findings suggest that incorporating intricate system thinking, appropriate technology integration, efficient simulation and machine learning employment, and a responsive monitoring and feedback mechanism are crucial in establishing and managing intelligent manufacturing facilities. External factors and governing constraints need to be considered during the lifecycle of treating complexity. This report offers a thorough and analytical evaluation of developing the smart factory during the Fourth Industrial Revolution, serving as a scholarly resource for further exploration of related subject areas. A further investigation plans to consider deep data collection.