We cloud computing together with artificial intelligence technologies, we

We are at the threshold of a new revolution, where
new technologies are combined physical, digital and biological systems. The
“Bio-Nano” world will be propelled by innovations in driverless cars, smart
robotics, lighter and tougher materials, manufacturing based on 3D printing and
new medicines made possible by the fusion of nanotechnology and genetic
engineering. With the emerging information technologies, such as IoT, big data,
and cloud computing together with artificial intelligence technologies, we
believe the smart factory of Industrie 4.0 can be implemented on the concept of
“blurring the real world with the technological world”. As physical and digital worlds merge, manufacturing processes will
change dramatically in the future. The smart factory helps to implement
the sustainable production mode to cope with the global challenges and affect
our lifestyle fundamentally “the way we live, work and relate to one another”.
As the fourth industrial revolution takes shape, Industrie 4.0 is currently a
top priority for many companies and research centers. The benefits of this
technology adoption for manufacturing will be widespread. Plant managers get real-time insights from the shop floor
and immediate control of production processes which enable more flexible and autonomous manufacturing units. It
will lead to smarter supply chains, smarter production, and smarter products.
At the same time, there is a clear change in tone from some of the “True
believers.” in the mantra of ‘Creative destruction’. If intelligent robots take
over most of the human work in the factories of the future, it will make
everyone clearly worried about the unemployment problem becoming ubiquitous as
this latest industrial revolution becomes more widespread. It predicts, even
more, concentration of wealth at the extreme top and the threat of almost
permanent unemployment, not only for the non/semi-skilled workers but for
skilled workers in offices and factories as well 93. Again social
manufacturing will strengthen the competitiveness
of manufacturing industry. In a world of
increasing market volatility, shorter product life cycles, higher product
complexity, and global supply chains, companies are seeking to become more
flexible and responsive to business trends. This will make many traditional
productions and logistic processes obsolete 94. The biggest scare for
professional jobs comes from the massive advance in the field of “Big data.”
Enormous data gathered these days in all fields of activities could be analyzed
automatically and useful information extracted from them without the need of
human interface as research on “Big data” matures 95. People without income
would not be able to buy goods produced by the robots. Also, the refugee crisis
can deteriorate as people without hope hit the road in search of a better life.
So the world is standing before a large question whether industry 4.0 is going
to be a boon or bane and which steps can be taken to prevent future
unemployment. However, Industry 4.0 creates new meanings for the concepts of
work, workplace, health and safety, availability and flexibility. While many
traditional workplaces will disappear, new ones will be created but the overall
effect on jobs is not clear. What is clear is that Industry 4.0 will create
disruptions in the labour market by eliminating some of the low-skilled and/or
repetitive jobs, at the same time increasing the shortage of talented and
highly-skilled workers. Workers must be given new skills to master
technological developments, or risk being left behind. Countries will have to
rethink educational systems and encourage life-long learning in order to make
human resources competitive and succeed in the fourth industrial revolution.
Developed countries, with Germany in particular, are at the forefront of
industrial revolution. Developing countries first aim to boost labour
productivity, offset high production costs and solve societal issues. If these
challenges can be managed successfully, there is an inherent opportunity for
businesses throughout the world.