Comprehensive Study of Industry 4.0 in Robotics for Policy Development

Abstract

Robotics has advanced greatly in the past years. Modern robots can do complex tasks and are the central components of Industry 4.0. These improvements make robots applicable in a variety of fields like security, exploration, entertainment, agriculture, healthcare and industry. While advancements in robotics come with many advantages, it still faces roadblocks that hinder its development or implementation. To aid in the public acceptance and adoption of robotics in the industry, policy development is critical to minimize the social and economic effects. Several policy recommendations were made such as improved government support, wage insurance, upskilling programs, information dissemination, and robot tax, which would accelerate robotics development, bolster job security, publicize key information, and stabilize taxation.