One of the biggest challenges for Industry 4.0 is the disruption of the job market from automation, advanced robotics and AI. Computers and machines will be able to perform increasingly complex tasks and thus endanger millions of jobs. If you want to know about Industry 4.0: what is it and how will it change the world as we know it? then you can search over the web. One artificial intelligence expert even estimates that it could replace up to 40% of existing jobs in the next 15 years.
As a result, many people will lose their jobs in the coming decades. However, this is not uncommon in the context of the industrial revolution. For example, the discovery of the tractor has resulted in millions of farmworkers out of work. But don't forget that each new industrial revolution also creates countless jobs. In the case of Industry 4.0, new perspectives are opening up in the fields of blockchain, cybersecurity, big data, 3D printing, biotechnology, nanotechnology, outer space and many others. Therefore, Industry 4.0 will create as many opportunities as excluded.
It is up to each individual and every company to adapt to Industry 4.0, just as the previous generation had to adapt to Industry 1.0, 2.0 and 3.0. Those who are well adapted can take advantage of all these exciting new technologies. After all, Industry 4.0 has the potential to radically improve the lives of millions of people. Many aspects of industry and commerce, from factory safety to the shopping experience, will be greatly enhanced.
Through mass customization, smart factories and 3D configuration technology, companies can not only increase their profit margins but also improve the lives of their customers by providing a better customer experience.