According to the World Economic Forum more than a third of today’s workforce will be affected by Industry 4.0 within five to 10 years’ time. So, how will the workforce survive the fourth wave of the industrial revolution?
resident Joko “Jokowi” Widodo and Industry Minister Airlangga Hartarto launched “Making Indonesia 4.0” at the 2018 Indonesian Industrial Summit recently.
The strategy fundamentally sets out the vision of Jokowi’s government in building a strong and competitive Indonesian manufacturing industry in the digital era, amidst embracing the arrival of Industry 4.0. Despite the hope to boost gross domestic product growth, there is widespread concern amongst the various stakeholders that Industry 4.0 could trigger unemployment, as the workforce is at risk of being replaced by machines.
The term Industry 4.0 was first coined in Germany not so long ago to signify the fourth wave of the industrial revolution. The first revolution was marked by James Watt’s invention of the steam-powered engine, which mechanized many laborious tasks. The second industrial revolution was pronounced by the dawn of Adam Smith’s “division of labor” that enabled hefty productivity improvements and cost reductions through mass production, and brought the era of craft production to an end.
The far-reaching adoption of automation and factory control systems in the 1970s was then recognized by many as the third industrial revolution.
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