Industry 4.0 Challenges

The challenges in implementing Industry 4.0 are Economic, Social, Political and Organisational/Internal.

  • High economic costs
  • Business model adaptation
  • Unclear economic benefits/excessive investment
  • Privacy concerns
  • Surveillance and distrust
  • General reluctance to change by stakeholders
  • Threat of redundancy of the corporate IT department
  • Loss of many jobs to automatic processes and IT-controlled processes, especially for blue collar workers
  • Lack of regulation, standards and forms of certifications
  • Unclear legal issues and data security
Organisational/ Internal
  • IT security issues, which are greatly aggravated by the inherent need to open up those previously closed production shops
  • Reliability and stability needed for critical machine-to-machine communication (M2M), including very short and stable latency times
  • Need to maintain the integrity of production processes
  • Need to avoid any IT snags, as those would cause expensive production outages
  • Need to protect industrial know-how (contained also in the control files for the industrial automation gear)
  • Lack of adequate skill-sets to expedite the transition towards the fourth industrial revolution
  • Low top management commitment
  • Insufficient qualification of employees

Here you can see an Interview by UATV English (Date: 5th of October 2017) – Challenges of the Fourth Industrial Revolution.
A brief explanation on how the Fourth Industrial Revolution is expected to be a huge challenge for educational institutions. How can they prepare students with the skills they need to be competitive in the global labour market in years to come?


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