TOPIC: emerging technology and the future of work, how the development of industry 4.0 is impacting the workforce. Research paper is a Publishable article with a minimum of12references. Please follow...

" EMERGING TECHNOLOGY AND THE FUTURE OF WORK, HOW DEVELOPMENT OF INDUSTRY 4.0 IS IMPACTING THE WORKFORCE"
Contents
3What is fourth industrial revolution?
3Impact of the Industry 4.0 on the future work
5Is workforce ready for Industry 4.0?
5What are the work that may impact with Industry 4.0?
5Technological Revolution:
6To work under the current Workforce:
7Training and Career Mapping
9Preparing for Change
9Benefits of industry 4.0
10Vertical Networking:
10Improved Productivity
10Improved Efficiency
10Flexibility and Agility:
11Better customer experience:
11Reduces the costs:
11Increased Profitability:
11Machine downtime reductions:
11The problem with the smart factory:
12References
What is fourth industrial revolution?
The Industry 4.0 is also known as the fourth industrial revolution. This industrial revolution involves an inclusion and shift toward the Internet of Things.
This shift is because of the ease with the use in IOT as there is a frequent and fast access of large data and even at a distance greater than the earlier technologies. This shift is also preferred because of the security increase in the data transmission. And talking about its impact on the future workforce, it depends on, with whom we are discussing this about, some say there may be situation of dullness among the workers due to the technological advancements and some say that the future workforce may become more energetic and enthusiastic to deal with this technological shift as there must be a talent in the employees to adapt to such changes and this may only be possible when it is dealt with an open mind along with the support and investment of the whole organization on the employees to handle such technological shifts.
Impact of the Industry 4.0 on the future work
A major shift is being noticed in the future of the workers. There has been a change in the structure of the skill and talent being accessed by the companies and the organizations are moving beyond the balanced sheet so as to include different sources of talent. There has been a drastic change in the nature of jobs and the characteristics of the works are also changing in the same time. The future of the organizations will be defined by the workforce and its payroll with the coexistence of the technological transition.
The important thing to note here is that it is not necessary to display the human workforce when it comes on the augmented workforce. The virtual workforce is designed with a motive to free up the human work and to prevent the human workforce from performing some tasks that are beyond their capacity and are also hazardous to them. Those tasks which require more critical thinking and those which require skills and higher problem-solving abilities are performed by such virtual workers.
The fourth industry is begun and it comes with some major changes in the way of manufacturing work will be done. This is only done by some good and best technologies like internet of things , machine learning , big data. They will help the machine safer, faster and more efficient than ever before. The new technology have also need of human workers. As the new technology is coming , it will good for the those one who is searching for the jobs, because the new technology will leads to more and more jobs and they have vacancies of different jobs like if there a new technology comes in an industry than the industry need a good programmer so that the person can manage the machine and if there is any problem in the machine the programmer will correct that machine by coding. The new technology will create new jobs, as for the manufacturers will connect to the IOT, they need IOT engagement manager, the industry also need a developer. The new technology will be designed to makes the easier. The sensor system has guarantee of a higher work quality and the consistency than a worker who is performing the same task so this will make many things easier and better. Before the new technology the worker have to done hard work to complete a small work but with the coming of the new technology it will be easier and the worker who complete its works in 5 days now they can complete its within 1-2 days without any hard work.
The new technology was nit displace the work, as it will create more jobs, the new technology will increase the skill set and more stable and good jobs. But the main thing is that if the industry is converted into smart work than it does not mean that you can work with the previous workers at that time the industry will have to make some new vacancies for the new technology and at that time only that person can take job who is able to control the machine and have a good knowledge of that particular technology. New technology is very beneficial for the production of the industry. This will help the worker to know about the new technology and have a chance to gain good knowledge about the new technology. The new talent will also come from the many different companies with the supply chain. The larger companies will easily help those companies who have small number of labor by supply chain members, so with this exchange of worker it will also effect the product of the industry and hence may it will increase the growth of the industry.
So the new technology 4.0 is very useful for the development of the world as well as for the industry, nobody will do hard work in the smarter industry everyone can complete its work by easy smart work by some knowledge of the new technology
Is workforce ready for Industry 4.0?
As the shift of the organizations is noticed towards the Industry 4.0, there is a great opportunity for the organizations to establish a great relationship with the clients. This shift may establish a broad social impact and may also nature the talent of the employees towards building an adaptive nature. The industrial revolution gives it a vast possibility to challenge the workforce to be ready to adapt the new changes in the technology. And it also generates new opportunities within the organization.
What are the work that may impact with Industry 4.0?
As per the Economists, nearly every industry will be effected by the fourth industrial revolution, that is, industry 4.0. There are a few industries which may be automated with the robots that are alike to the humans. However, they may require to have a specific skillset.
There may be a reduction in the full-time staff in the near future an due to the increased automation many of the positions for the human employees are already ruled out. It is believed that the robots can handle the tasks more effectively and safely as compared to human employees.
The major role of these automations are noticeable in the sectors including the food, hygiene and driving. The automation may also impact the services that involve postal services and courier services. Also the jobs may involve service jobs and delivery jobs. There's a list that has been put bu the BBC so as to help in determining the likeness of the robot in replacing an...