Future Possibilities, Social Challenges and Adaptation Requirements of Industrial Progress

Abstract

The paper addresses the technological change that is currently happening in industry. First, a review of the global trends that impact industrial developmentsis made, then a summary ofexpanding intelligent technologies and their systems. The report describes in detail the concept of Industry 4.0 and its major technology-related aspects. At the end of the paper, a summary of social consequences is addressed, especially concerning generational concerns connected to the current change in industrial technology. The purpose of the study is to raise some special aspects and considerations in the given subject.