Feasibility of Industry 4.0 in this decade.
After going through earlier blogs on Industry 4.0, I hope you have a clear idea about the concept. The concept of Industry 4.0 is explained in earlier blogs, with it's practical application, and as we know, this platform will start a revolution in Industrial area.
Although beside it's advantages, we don't discuss more about it's feasibility, the question arise is, Thus Industry 4.0 is feasible in this 2020 decade? The answer for this question requires vigorous research, but by keeping some circumstances we can find answer for the feasibility of this question.
The practicality of this platform can be understood by keeping some current situation in light, today almost every country is struggling from covid 19 virus as well as with economies.
The economies of many powerful nations has been hit badly, including Brazil, Russia, USA and one of the fastest growing economy India, keeping aside other countries, we will focus on India. Today India is suffering from unemployment issue, even graduates and post graduates are struggling for employment, lots of salaried people lost their jobs during high time of Corona virus. In this situation when we discuss on Industry 4.0 it's not fair, this concept will lead to Lost of many more jobs. The third class in any industry will get hit very badly and beside human concern the infrastructure we require for Industry 4.0 and what we have today has lot of difference.
If today, we rush for Industry 4.0, the boon will give fruit of curse, at this moment beside for rushing to apply Industry 4.0 we should focus on building infrastructure and manpower. The concept of Industry 4.0 requires more vigorous research and understanding, to avoid any resistance, we should wait till a decade and build our assets for smooth transition.
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