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Industry 4.0 and the impact on the World of Work

Berger, S. (2018) Industry 4.0 and the impact on the World of Work.

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Abstract:The purpose of this research paper is to identify the effects Industry 4.0 has on the world of work. Industry 4.0 is a current trend within the business world, which mainly revolves around the topic of automation and data exchange. The initial stage of this research paper involves a semi-structured interview with multiple firms to find out which firms have implemented Industry 4.0 applications, and which have not. Information from previous research papers on Industry 4.0 have been used to validate the answers which were given during the interviews. The final stage of this research paper involves examining the answers given during the interviews and applying it to the topic. Results implied that future implementation of Industry 4.0 may require workers to be retrained and skill gaps to be closed. Thus, the study at hand shows that the world of work is definitely impacted through the implementation of Industry 4.0, however, the magnitude and sign of the impact is industry and company specific. Research implications include smaller companies not having the financial and human labor capabilities like bigger companies, and therefore are less likely to implement Industry 4.0 applications. Hence, reflecting on the company characteristics and the employees working there.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/75370
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