The Most Trending Trends On The Freelance Market: Industry 4.0

Our previous article on the advantages and disadvantages of freelancing revealed how expansive and promising this industry is.

Now, we will examine three major global trends that have caused it to gain almost 1.2 billion practitioners worldwide: Industry 4.0, Future of Work Movement, as well Great Resignation. Let us start by delving into the first trend – Industry 4.0!

Industry 4.0 – What Is It And Why Should You Take Interest In It?

Industry 4.0 is ushering in an entirely new age characterized by embedded connectivity, technology’s ubiquitous presence, and a drastic shift from the digital landscape of two decades ago.

To simplify its meaning, this phenomenon denotes the digitization of production processes within manufacturing and other industries as well as their associated value-creation mechanisms.

Four core themes shaped the concept of Industry 4.0; these are expected to have long-lasting implications for career paths moving forward:

  1. Interconnection — the capacity for machines, devices, sensors and people to establish communication with each other through the Internet of things (IoT) or even better yet, what is now referred to as the ‘Internet of People’ (IoP).
  2. The power of Industry 4.0 affords operators with a great deal of transparency, allowing them to make informed decisions based on comprehensive data and information collected from all stages in the production journey. Inter-connectivity enables producers to gain insight into critical elements that can be honed for optimal performance, enabling increased efficiency and functionality.
  3. Technical assistance has become a must have in modern life, providing both humans and systems with the aid to make decisions and solve complex problems. It offers a safe way for us to navigate through dangerous tasks, as well as help complete complicated ones without any risk of harm or failure.
  4. With decentralized decisions, cyber-physical systems have the capability to act autonomously and independently. However, when exceptions arise or conflicting objectives are present, then tasks will be given to a higher level for further instruction.