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Industry 4.0 (Fourth Industrial Revolution)

Professor Klaus Schwab believe that we are at the beginning of a revolution that is primarily changing the manner we live, work & relate to one another, which he has investigated in his new book, The Fourth Industrial Revolution. Industry 4.0 represents the upcoming Fourth Industrial revolution, which we can’t isolate from the convergence of several forthcoming disruptive technologies that are blending the physical, biological & digital world impacting every discipline as well as economies, industries, & even challenging humanity. 

Disruptive technology can be defined as one that significantly influence & impact business, market, society & humanity. Disruptive technologies appear to dictate a new future for humanity. Clayton Christensen popularized the idea of disruptive technologies in the book “The Innovator's Dilemma” in 1997. 

Transition from pre-industrial area to Industry 4.0 is depicted in Figure 1 below.

Figure 1 Source: EEF Manufacturing Ambitions Survey April 2016

Industry 4.0, Fourth industrial revolution, disruptive technologies may form a disruptive ecosystem of self communicating, perhaps decision making set of devices but it is prudent & utmost important to keep in mind that it should be human-centric always.

The Doctor

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1 comment:

assignmentgeek said...

Industrial revolution has been carried out for the rights of the labor of the world. All the symbols of the industrial revolution have been ensured for the highlights of all sorts for the individuals in life.