The road to success without crossing barriers or hurdles is inevitable. As we are entering the new phase of Industry 4.0, companies need to go through certain concerns identified by a study conducted by Statista in 2019. The study shows how applications get affected by not using proper strategies to overcome hurdles.
As per another survey, conducted in 2018, the obstacles recorded were different excluding the high cost and qualified people.
In my opinion, the cost is a major factor in venturing out or investing in any kind of new technology. It clearly shows the concerns for high cost and lacking qualified people are a major theme even though the year has been changed. The need in the requirement for data protection is becoming a higher concern and day by day more money is invested to secure the authentication.
Source:- Bitkom Research; Statista (Welche Hemmnisse sehen Sie beim Einsatz von Industrie-4.0-Anwendungen in Ihrem Unternehmen?)