What is industry 4.0 -automation revolution-, what is your opinion about the direction this revolution is taking the industry in, and discuss the fate of unskilled and semi-skilled workers affected by industry 4.0.

Find the explanation below.

Explanation:

1. Industry 4.0 -automation revolution is a term first used in Germany in 2011 to describe the fourth generation of the industrial revolution. It is the incorporation of digitalized procedures that use smart technology that can work in real-time to industrial production. This means that the machines used in production can independently interact between themselves to accomplish tasks that would otherwise have needed human involvement.

2. My opinion regarding this industrial revolution is that it is a welcome development for businesses because it will help them execute projects at faster rates and limit some working expenses.

3. Unskilled and Semi-skilled workers will be badly affected by this revolution because tasks ordinarily performed by them would be mostly taken over by these machines. This means that companies would most likely lay off these workers whose jobs would now be performed by machines. Job regulation agencies would do well to seek ways to intervene for this group of workers. They may also have to improve their skills if they want to remain relevant to their jobs.

The revolution, however, would be favorable for high-skilled workers because they would be needed to perform jobs such as the maintenance and programming of these machines.