Article: What is the fourth Industrial Revolution?

Question 1

What is the fourth industrial revolution?

Answer 1

• Blurring boundaries between physical and digital world
• Fusion of advances in certain technologies
• Wikipedia: ongoing automation of traditional manufacturing and industrial practices using modern smart technology

Question 2

Which technologies can be counted as fourth industrial revolution technologies?

Answer 2

• AI
• Robotics
• IoT
• 3D printing
• Genetic Engineering
• Quantum Computing
• …

Question 3

How will the Fourth Revolution affect business?

Answer 3

• Thread or opportunity for companies to drive innovation and gain competitive advantage
• Transforms customers´ expectations -> companies have to collect more data because customers want a personalized experience
• Impacts the type of skills a company requires from its employees