Industry 4.0 and Society 5.0: Challenges and Opportunities. The XXI century was marked by significant changes in both the external and internal environments of modern organizations, commercial and non-commercial. Radical changes in production and sales technologies, consumer behavior, and globalization. The emergence of new concepts in production management are developing in the world such as "Industry 4.0" in Germany, "Made in China" in China, "Connected Factory" and Society 5.0 in Japan, "Industrial Internet" in the United States etc. Industry 4.0 is associated with the Fourth Industrial Revolution. The concept of the Fourth industrial revolution was formulated by Klaus Schwab and announced at the World Economic Forum in Davos (2011) [1]. Germany is the leader in the implementation of this concept. Industry 4.0. It aims to significantly reduce production costs due to the mass introduction of cyberphysical systems in production. According to research results in USA from more than 2000 respondents from 26 countries, the creation of digital enterprises has already generated annual revenue from digital solutions in the amount of $ 493 billion [2]. The annual profit was $ 421 billion. The amount of investment in digital technologies is $ 907 billion. The concept of Industry 4.0 is defined by characteristics such as digitalization and integration of vertical and horizontal value chains, digitalization of products and services, digital business models, and customer access. At the same time, the implementation of this concept mainly covers the sphere of production, while it is necessary to solve problems like demographic situation in developed countries, reduction of personnel from digital enterprises, need for their retraining and employment, and ensuring security and socio-ecological and economic stability of the modern world. The concept of Industry 4.0 and Society 5.0 are closely connected with each other because many technologies that have already changed industry have an important role to play in transforming the society, also. Therefore, Industry 4.0 is developing beyond to the concept of Society 5. Society 5.0 takes into account current social and technological challenges in the direction of its humanization. Society 5.0 is a socio-economic and cultural system that is steadily developing in an optimal direction for humanity based on the processing of Big Data Results. The concept of Society 5.0 is focused on achieving UN sustainable development goals until 2030, such as responsible consumption and production, sustainable cities and human settlements, industrialization, innovation of infrastructure, low-cost and clean energy, good health and wellbeing, partnership for sustainable development, etc.

Base on that story above:

- do you think Indonesia is ready to implement the concept of "industry 4.0" and form Society 5.0? explain your answer and give a reason and example for your answer.

- What positive and negative effects can different transformation scenarios have?