AI technologies have brought some important topics in the light of day. With automation, the arrival of intelligence in the industrial sector and efficient robotics, there appears to be a huge impact on the labor market.
This topic is of great interest to researchers all around the world, who are struggling to predict potential outcomes and, use statistics to find the most results that are most likely to appear. Nowadays, it seems like the European market for factory automation and industrial controls is growing in numbers with a revenue of 65 billion USD since 2015 and expected to reach a revenue of 91 billion USD by 2021.
Industry automation is going to be able to provide the European market with many different opportunities as well as certain problems that will occur. It is expected for new jobs to open up for many people. Especially young people seeing as it will bring along many opportunities connected to technology.
At the same time, however, old jobs are going to perish seeing as they will have no use anymore. This is the question that has most modern-day scientists and researchers wondering how smoothy, industry automation is going to enter the current labor market.
In an effort to make the process easier, the European Union implements, every year, a plethora of different programs focusing on the labor and industrial market, evolution, technology, and automation. And one thing that connects all of them is Industry 4.0.
Industry 4.0, aka the fourth industrial revolution is here to help bring change from the smallest things like for example a household, all the way to the worldwide labor markets. Through implementing projects like the RESTART project the industrial sector has started to see many changes. These projects will be able to help in the creation of new job opportunities during this change.
Industry automation is not going to happen overnight. It is a long process that will take years to be completed but maybe not long enough. With the rapid rhythm of life nowadays we need to help evolve everything. From the smallest things in our lives all the way up to the most important parts of our jobs!
