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Industry 4.0 and Its Impact on Working Life

Industry 4.0 and Its Impact on Working Life
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Author(s): Gokhan Ofluoglu (Bulent Ecevit University, Turkey)
Copyright: 2020
Pages: 14
Source title: Handbook of Research on Strategic Fit and Design in Business Ecosystems
Source Author(s)/Editor(s): Umit Hacioglu (Istanbul Medipol University, Turkey)
DOI: 10.4018/978-1-7998-1125-1.ch020

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Abstract

The natural development of history of humanity confronts the societies with a new industrial wave making use of the opportunities of the information and communication technologies. While the concept of labor depending on muscle force that produced the emergence of modern societies withdraws from production process, the gap is filled by intelligent machinery which automatically decides by itself by employing machinery automation and internet technologies. In the new social order, people determine their own standing according to their intellectual build-up instead of muscle power. Industry 4.0 brings a lot of advantages together with the reduction of source consumption, energy productivity, production efficiency, stabilization of rising workforce expenditures, and prevention of the impact of aging societies on production. Although problems come up on the issues of setting the intelligence of machinery and accomplishing workforce market that fits the industrial revolution, technological developments and the subsidies draw the actualization date of the process forward.

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