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Proponents of the Fourth Industrial Revolution suggest it is a distinct revolution rather than simply a prolongation of the Third Industrial Revolution. This is due to the following characteristics: Velocity — exponential speed at which incumbent industries are affected and displaced
We are now in the fourth industrial revolution, also referred to as Industry 4.0. Characterized by increasing automation and the employment of smart machines and smart factories, informed data helps to produce goods more efficiently and productively across the value chain.
Aug 17, 2022 · Industry 4.0, the Fourth Industrial Revolution, and 4IR all refer to the current era of connectivity, advanced analytics, automation, and advanced-manufacturing technology that has been transforming global business for years.
The Industrial Revolution 4.0 (IR4.0), which is actively being developed by the government, will create more highly-skilled jobs to solve the current high unemployment rate.
The Fourth Industrial Revolution is reshaping the landscape of industries in profound ways. For organisations, this revolution brings a suite of benefits that can dramatically improve how they operate, innovate, and compete.
The Fourth Industrial Revolution (4IR), also known as Industry 4.0, is a new era of development in which digital, physical and biological systems converge, fundamentally transforming industries, economies and societies.
Overall, the inexorable shift from simple digitization (the Third Industrial Revolution) to innovation based on combinations of technologies (the Fourth Industrial Revolution) is forcing companies to reexamine the way they do business.
