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How Industry 4.0 will be viewed?

The growth of Industry 4.0 not only open the door for new opportunities but also different sector. As the term indicates, it is not just identified with Machinery and industrial sector but also in agricultural and forest business. A business with opportunities in digitalizing the records and also with automated function can turn the avenue.

Industry 4.0 also introduces certain effects among the peers in the industry, including the C-level managers, employment skills with investment in them. What kind of growth potential it holds in Industry 4.0? How cost reduction in new technologies are effective?

Below the two graphs portrays a picture about Industry 4.0.

image 28 ledlights.blog
image 29 ledlights.blog

In my opinion, the change also introduces some effect and also growth opportunities in various sector without any limiting effect or boundary.

Source:- https://industrie.de/industrie-4-0/deloitte-industrie-40-studie-2020/; Bitkom; Fraunhofer IAO; Statista (Industrie 4.0 – Wachstumschancen ausgewählter Branchen in Deutschland 2025)

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