The digital revolution is transforming the way business is done, and many companies are being caught off-guard at the pace of change.
Jamwal raises some key questions we should all be asking, how is this new convergence of digital technologies going to impact ourselves, our companies and our industries?
The Fourth Industrial Revolution: Challenges for Enterprises and their Stakeholders
What does this Fourth Industrial Revolution mean for enterprises and their various stakeholders? What should they do to keep pace with it and create competitive advantage to come out ahead?
The First Industrial Revolution—the birth of mechanization of production in 1760s Britain.
The Second Industrial Revolution—mass production reduces costs and speeds up production.
The Third Industrial Revolution—the digital age begins in the mid-20th century with computerization.
The Fourth Industrial Revolution we are experiencing today builds on this first wave of computerization with the latest, rapidly evolving and disruptive advances in technology: the Internet of Things, the Industrial Internet, robotic process automation, autonomous vehicles, artificial intelligence, 3D printing, cyber-physical systems and connected wearable devices.
As these sophisticated tools and technologies begin to converge, the impacts of the Fourth Industrial Revolution are starting to become evident across many industries.
It is in this dizzying context that businesses and their stakeholders must find answers to some foundational questions….