The fourth wave in a real sense represents 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 freed humanity from animal traction that 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 merge the physical, digital and biological worlds, affecting all disciplines, economies and industries and even challenging ideas about what it means for humans. The resulting changes and disruptions mean that we live in a time of great promise and great danger.
The world has the potential to connect billions of people to digital networks, drastically improving the efficiency of organizations and even managing assets in ways that can help regenerate the natural environment, which could undo the damage of revolutions. previous industrialists.
However, an organization may not be able to adapt, governments may not employ or regulate new technologies to capture their benefits, the shift in power will create significant new security issues. More so, through radical technology, there have been huge changes in the cell phone – smartphone change. This was possible thanks to digital technology that created a common platform through a series of functions:
Communication and Internet: images, videos, GPS, that is, the digital camera is in a wave that fundamentally changes what resources are used to reshape the production of the organization. There is some consensus that four industrial revolutions can be associated with new waves of technology. Innovations related to steam power, cotton, steel and railways helped 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 computing, petrochemical and aerospace and a host of new technologies are driving a wave of innovations into the fourth wave.
We can understand through the internet, nanotechnology, bioscience, electronics, photonics, advanced materials and renewable energy. The changes in our own techno-economic system that began in the mid-1980s have marked a century to witness their impact on our methods of production.
2 WAYS OF UNDERSTANDING THE FOURTH INDUSTRIAL REVOLUTION
HAS THE NEXT WAVE OF ECONOMIC ACTIVITY: Helped by the dramatic increase in global mobile connectivity and the incorporation of sensors, robots, and powerful data analytics in the manufacturing and service industries that has made us see the rise of technologies that the power to drive an entirely new cycle of global economic activity.
IT HAS THE CONVERGENCE OF THE HUMAN, DIGITAL AND PHYSICAL DOMAIN: The fourth industrial revolution can be framed by appreciating the extent to which new technologies are causing three previously separate domains to shift rapidly in the process challenging the way we view the world.
