@ The term Industry 4.0 was first designed by the German Government and represents the application of Artificial Intelligence, Big Data, and Internet of Things. McKinsey defines Industry 4.0 as the next phase in the digitization of the manufacturing sector, driven by four disruptions: the astonishing rise in data volumes, computational power, and connectivity,(especially new low-power wide-area networks); the emergence of analytics and business-intelligence capabilities; new forms of human-machine interaction such as touch interfaces and augmented-reality systems; and improvements in transferring digital instructions to the physical world, such as advanced robotics and 3D printing.
@ Marc Andreessen famously said “Software is Eating the World” five years ago. It’s no surprise that today every company wants to be known as a technology company. And the idea is almost clichéd now. It doesn’t matter which industry you are in; you need to transform your business ideas to make sure you don’t lose out to the next Uber or Airbnb.
@ “Industry 4.0: Building the Digital Enterprise,” which shows that we are already in the midst of this revolution. In this fourth revolution, we are coming across a lot of new and breakthrough technologies that combine the physical, digital, and biological worlds. These new technologies will most certainly impact economies and industries, and even question our ideas about what it means to be human.
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@ The term Industry 4.0 was first designed by the German Government and represents the application of Artificial Intelligence, Big Data, and Internet of Things. McKinsey defines Industry 4.0 as the next phase in the digitization of the manufacturing sector, driven by four disruptions: the astonishing rise in data volumes, computational power, and connectivity,(especially new low-power wide-area networks); the emergence of analytics and business-intelligence capabilities; new forms of human-machine interaction such as touch interfaces and augmented-reality systems; and improvements in transferring digital instructions to the physical world, such as advanced robotics and 3D printing.
@ Marc Andreessen famously said “Software is Eating the World” five years ago. It’s no surprise that today every company wants to be known as a technology company. And the idea is almost clichéd now. It doesn’t matter which industry you are in; you need to transform your business ideas to make sure you don’t lose out to the next Uber or Airbnb.
@ “Industry 4.0: Building the Digital Enterprise,” which shows that we are already in the midst of this revolution. In this fourth revolution, we are coming across a lot of new and breakthrough technologies that combine the physical, digital, and biological worlds. These new technologies will most certainly impact economies and industries, and even question our ideas about what it means to be human.
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