Industry 4.0 makes the entrepreneurial organizations evidence-based, where smart information technology, automation and data exchange, other technology tends such as "Internet of things", "cloud computing" and information science and data analytics equip business organizations to be efficient, accountable, safe, customer-centered and high quality. Disadvantages include failure of businesses that do not have resources to adopt and participate in 4.0, creating a divide between haves and have-nots.

Short and clear. Thanks Gulzar Shah.

Thanks Nirmala S.V.S.G.

https://www.researchgate.net/project/EXPONENTIAL-KNOWLEDGE-AUTOMATION

This is an educational and professional challenge for all human societies: learning and value creation will merge. A great mass of people will be excluded from the market, if no vocational measures are offered to them for adaptive learning.

There will be cost for transformation into IR 4.0. Medium and large enterprises must adapt to this change fast.

May refer to my short survey on this. Related to this.

http://www.worldscientificnews.com/wp-content/uploads/2018/11/WSN-118-2019-273-280.pdf

Reskill of workers

Enterprise Systems Absorb Plant Floor Computing

Tighter integration of Operational Technology (OT) and Information Technology (IT) continues to accelerate. In multiple industries, business systems can now process real-time transaction to be more responsive in all functions, including Manufacturing Execution Systems (MES) functions. This is being driven by lean manufacturing efforts, which work to optimize entire process including supply chain, production, delivery, genealogy, and customer service. Enterprise systems (ERP, etc.) have helped to deliver this real-time transaction processing and are driving down to the edge, which is resulting in the displacement of traditional HMI and other middleware...

A driving force behind the development of Industry 4.0 is the realization that pursuing low labor rates is no longer a winning strategy. Organizational competitiveness and flexibility can only be accomplished by leveraging the advanced technologies, centering on automation, in order to enable a successful transition.  Germany’s Industry 4.0 initiative has ignited worldwide cooperative efforts in China, Japan and India...

https://www.automation.com/automation-news/todays-featured-news-headlines/bills-top-10-automation-control-trends-for-2019-accelerating-change-reaching-the-tipping-point?utm_source=bm23&utm_medium=email&utm_term=Image+-+Arrow&utm_content=Automation+Insights+-+Bill%27s+Top+10+Automation+Trends+for+2019,+A+Brave+New+World+of+Automation,+Robotics+%26+Taxes,+Will+a+Robot+be+Your+Next+Surgeon?,+Otto+Mation+Caption+Contest,+Latest+News,+New+Products,+Jobs+and+more&utm_campaign=Automation+Insights+-+January+30,+2019