Industry 4.0: How Automation and IoT Will Affect Jobs

Industry 4.0: How Automation and IoT Will Affect Jobs

The current trend of automation has been branded as ‘Industry 4.0’, a phase that many believe to be the next economic revolution. Michael E Porter of the Harvard Business Review said: “What is underway is perhaps the most substantial change in the manufacturing firm since the second industrial revolution, more than a century ago.”

The Internet of Things combines the power of machinery and computers, bridging the gap through connectivity. Turning human-operated machine in the manufacturing, production, construction and agriculture industries into an intelligent or ‘smart’ entity. There’s no doubt that robotics and drones plus automated processes are going to […]

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