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
- 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?
Additional Task: https://h5p.org/node/713071