The era of Industry 4.0 has arrived and it brought changes. Between 2010 and 2015 the number of robots in operation grew by 98% according to the IFR. Smart factories have a positive effect on manufacturing: they increase productivity and efficiency. Business owners can profit highly by eliminating the factor of human mistakes. But as artificial intelligence improves, more jobs can be carried out by robots. This is why several experts fear the negative social consequences of the expansion of industrial robots and forecast a wave of massive job loss. But is the situation really that bad? Take a look at TradeMachines’s new inforgaphic to find out more about the subject! There might be another side to it…

By Molly Connell, TradeMachines

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