CHAPTER 5

The Fourth Industrial Revolution

  1. The Making of the Fourth Industrial Revolution
  2. The Implications of the Fourth Industrial Revolution
  3. The Industrial Internet
  4. Managing the Fourth Industrial Revolution

The Making of the Fourth Industrial Revolution

According to Klaus Schwab [1], we are currently witnessing the emergence of an all-inclusive revolution that is going to essentially change the way we live, work, and relate to one another [2]. Schwab popularized the term Forth Industrial Revolution (4IR) to refer to the confluence of mainly technological innovations, including artificial intelligence (AI) robotics, nanotechnology, biotechnology, quantum computing, blockchain, Internet of Things, and 3D printing. Schwab suggests that the 4IR ...

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