The Fourth Industrial Revolution
Just like for the third industrial revolution, it is hard to say when the fourth industrial revolution started or whether it has even started yet.
The unique thing about the fourth industrial revolution is that it is a predicted revolution. The first, second, and third industrial revolutions were afterward observed as revolutions in their own right. For the first time, we have the opportunity to act in the sense of the change. It is an excellent opportunity for companies.
The era of mass production and extremely optimized processes have led to effective, but inflexible, organizations. That is no problem as long as those organizations operate in a stable environment. Nowadays, we have highly dynamic markets, and the environments of many companies are anything but stable. The markets of the fourth industrial revolution, therefore, require flexibility and adaptability.
The primary technical enablers of the fourth industrial revolution are cyber-physical systems...