Whereas the third Industrial Revolution was defined by widespread digitalization (the rise of computers, process logic controllers, etc.), the fourth Industrial Revolution is all about fusing digital, physical and virtual resources to create intelligent processes that think, do and respond faster and more accurately than humans alone can. The fourth Industrial Revolution is a way of describing the blurring of boundaries between the physical, digital, and biological worlds. It’s a fusion of advances in artificial intelligence (AI), robotics, IoT, 3D printing, genetic engineering, quantum computing, and other technologies.
What’s the Deal with Industry 4.0 (and How Do We Deal with It)?
As industrial revolutions go, Industry 4.0 is decidedly different. Whereas the three preceding industry disruptions focused on making the production process faster and more efficient, the fourth Industrial Revolution is about connecting people, information and processes. As such, it has the potential to radically alter not just the business of manufacturing, but how enterprises of all kinds operate.