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Industrial Revolution 40 Are We Prepared For It. The third used electronics and IT. We are adopting new transformation ideas such as online shopping with zero contact virtual office online class working from home etc concept. But if the IoT is to deliver on its immense potential then businesses also need to get serious about tackling. It is about a New Era New Ways of thinking and new ways of Doing Business Since the 1800s we have experienced three industrial revolutions.
Believe their workforces are ready for the Fourth Industrial Revolution. Recent studies have estimated that it could add 142 trillion to the global economy by 2030. The fourth industrial revolution is an expression coined by the founder and leader of the World Economic Forum Klaus Schwab referring to the intense technological changes that have been modifying our productive and social processes since the middle of the last century. Systems and automation which led to the fourth industrial revolution that is associated with cyber physical systems. Industry 40 is upon us and its shaping the way well live and work in the future. Most Industry 40 initiatives are early-stage projects with a limited scope.
A fusion of technologies that blur the lines between our established physical spheres both digital and biological.
Each was powered by a disruptive new technology. Were full gear into the Fourth Industrial Revolution. The second used electric power. The Fourth Industrial Revolution finally will change not only what we do but also who we are. Industry 40 holds the promise of a new era of globalization. This situation decreasing human error while production because everything based on robots and machines 5 6.