04:15
Faizan
The 4th wave in a real sense stands for the name of the current trend of automation and data exchange in manufacturing technologies. This includes cyber-physical systems, the internet of things, cloud computing and cognitive computing. Initially, previous industrial revolutions liberated humankind from animal power that has made mass production possible and brought digital capabilities to billions of people.
This fourth industrial revolution is, however basically different. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries and even challenging ideas about what it means to human. The resulting shifts and disruptions mean that we live in a time of great promise and great peril.
The world has the potential to connect billions of people to digital networks, dramatically improve the efficiency of organizations and even manage assets in ways that can help regenerate the natural environment, potentially undoing the damage of previous industrial revolutions.
However, an organization might be unable to adapt, governments could fail to employ and regulate new technologies to capture their benefits, shifting power will create important new security concerns.More so, through radical technology, there has been a great changes in the cellphone -to-smartphone shift. This was made possible by digital technology which created a common platform across a number of functions:
Communication & internet: imaging, videos, GPS, that is digital camera is in a wave fundamentally changes which resources are used to reshape the production of the organization. There are some consensus that four industrial revolutions can be associated with new technological waves. innovations related to steam of power, cotton, steel, and railways helped to give the first industrial revolution of mass production, while the second was triggered by the introduction of electricity, the third was triggered by innovations in electronics and computers, petrochemicals and aerospace and a host of new technologies are driving a wave of innovations to the 4th wave.
We can understand through the internet, nanotechnology, bioscience, electronics, photonics, advanced materials and renewable energies. Changes to our own techno-economic system which started in the mid-1980s had turned century to witness their impact on our production methods.
2 WAYS OF UNDERSTANDING THE FOURTH INDUSTRIAL REVOLUTION
IT HAS THE NEXT WAVE OF ECONOMIC ACTIVITY: Due to the help of dramatic increase in global mobile connectivity and the incorporation of sensors, robots, and powerful data analytics across both manufacturing and service industries that has made us to be seeing the emergence of technologies that the power to drive a whole new cycle of global economic activity.
This fourth industrial revolution is, however basically different. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries and even challenging ideas about what it means to human. The resulting shifts and disruptions mean that we live in a time of great promise and great peril.
The world has the potential to connect billions of people to digital networks, dramatically improve the efficiency of organizations and even manage assets in ways that can help regenerate the natural environment, potentially undoing the damage of previous industrial revolutions.
However, an organization might be unable to adapt, governments could fail to employ and regulate new technologies to capture their benefits, shifting power will create important new security concerns.More so, through radical technology, there has been a great changes in the cellphone -to-smartphone shift. This was made possible by digital technology which created a common platform across a number of functions:
Communication & internet: imaging, videos, GPS, that is digital camera is in a wave fundamentally changes which resources are used to reshape the production of the organization. There are some consensus that four industrial revolutions can be associated with new technological waves. innovations related to steam of power, cotton, steel, and railways helped to give the first industrial revolution of mass production, while the second was triggered by the introduction of electricity, the third was triggered by innovations in electronics and computers, petrochemicals and aerospace and a host of new technologies are driving a wave of innovations to the 4th wave.
We can understand through the internet, nanotechnology, bioscience, electronics, photonics, advanced materials and renewable energies. Changes to our own techno-economic system which started in the mid-1980s had turned century to witness their impact on our production methods.
2 WAYS OF UNDERSTANDING THE FOURTH INDUSTRIAL REVOLUTION
IT HAS THE NEXT WAVE OF ECONOMIC ACTIVITY: Due to the help of dramatic increase in global mobile connectivity and the incorporation of sensors, robots, and powerful data analytics across both manufacturing and service industries that has made us to be seeing the emergence of technologies that the power to drive a whole new cycle of global economic activity.
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