Question

Industrial Revolution 4.0 are we prepared

Answer 1

A technological revolution is underway that will essentially change the way we live, work, and relate to one another. In terms of possibility and complexity, the revolution will be different from anything humanity has experienced before. We still don’t know how and what will it develop into, but our response to this change must be integrated, involving stakeholders from the global political community, and the public and private sectors to academia and civil society.

The first industrial revolution began with the mechanization of the textile industry. Tasks previously done painstakingly by hand in hundreds of weavers’ cottages were brought together in a single cotton mill, and the factory was born. The second industrial revolution came in the early 20th century when Henry Ford introduced the moving assembly line and ushered in the age of mass production. A third revolution began in the 1960s and was based on digital technology, personal computing, and the development of the Internet.

What is Industry 4.0?

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.