The findings were released at the World Economic Forum's (WEF) annual summit yesterday. Industry 4.0 is characterised by digital technologies, such as analytics, artificial intelligence, cognitive computing and the internet of things (IoT).
"Three countries in particular -- India (32 per cent), South Africa (28 per cent) and China (23 per cent) - envision social upheavals and increased income inequality as a result of Industry 4.0," the report noted.
According to the report, these countries have all recently undergone major economic or political changes, which, in some cases, resulted in high growth, but also introduced previously unknown 'social fissures' and "this may contribute to their higher sensitivity about weathering additional social issues in the future".
One-fifth of respondents think they will face social upheavals and increased income inequality, while North American and Latin American executives are the least concerned (8 per cent and 6 per cent respectively), it noted.
The survey noted that only 8 per cent of APAC executives see themselves as highly capable to act as 'stewards' during this time of change and disruption. This stands in stark contrast to the views expressed by executives from the Americas, where 48 per cent of executives consider themselves highly confident about their abilities to act as stewards.
"I believe those who take a broad view will be the ones to succeed in this new era," noted Renjen. "They will see connections between business and social needs; between financial outcomes and innovative strategies; between workforce productivity and people's sense of stability and well-being; between integrating existing technologies and creating completely new solutions," he added.
Deloitte Global surveyed 1,600 C-level executives across 19 countries and conducted select in-person interviews to explore their readiness to leverage Industry 4.0 to benefit customers, employees, communities and other key stakeholders.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.