Opportunities And Challenges of Industry 4.0
Opportunities And Challenges of Industry 4.0 by, Manoj Kumar Trivedi Founder, CEO & Business Mentor iGlobal Research and Analytics Deeply concerned with FDI and income inequality, several advanced economies are implementing the concept of Industry 4.0, marking the Fourth Industrial Revolution. Business shift to other countries in search of skilled labors has a marked effect over economies of advanced countries. Such a move is in anticipation of reversed flows of foreign direct investment and a further manifestation of an already widening technology gap. Mr. Bernardo Calzadilla-Sarmiento , Director, Department of Trade Investment and Innovation at UNIDO (United Nations Industrial Development Organizations) , emphasized the profound impacts that Industry 4.0 will have on society, factories, households, the public sector, on advanced economies and developing economies and economies in transition. While discussion has focused on what Industry 4.0 means f