Transcription of WHITEPAPER Skill Development for Industry 4
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WHITEPAPER Skill Development for Industry 4
1. `. WHITEPAPER . Skill Development for Industry BRICS Skill Development Working Group INTRODUCTION. T. he manufacturing Industry is currently witnessing the fourth industrial revolution, better known as Industry where the 'real' and the 'virtual' world are to be seamlessly connected giving rise to what are known as cyber-physical production systems. As a result, the traditional manufacturing processes are undergoing an enormous transformation which will change the way companies approach manufacturing . Industry , which started off as a brainchild of Germany, is being adopted by countries around the world.
manufacturing, big data, etc. – is not yet very common. Though there are few companies besides large global players that have devised concerted, company-wide or market specific Industry 4.0 strategy, the full potential of Industry 4.0 is yet to be leveraged, particularly in emerging markets. 2. A new economic edge for companies
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