Название: The Emerging Economies under the Dome of the Fourth Industrial Revolution
Автор: Mark Esposito, Amit Kapoor
Издательство: Cambridge University Press
Год: 2022
Язык: английский
Формат: pdf (true)
Размер: 10.2 MB

The Fourth Industrial Revolution (4IR) is reshaping the globe at a rate far quicker than earlier revolutions. It is also having a greater influence on society and industry. We are currently witnessing extraordinary technology such as self-driving cars and 3D printing, as well as robots that can follow exact instructions. And hitherto unconnected sectors are combining to achieve unfathomable effects. It is critical to comprehend this new era of technology since it will significantly alter life during the next several years in this age of technological advancement. In particular, one of the most significant findings is that 4IR technologies must be used responsibly and to benefit people, companies and countries as a whole; as a result, the development of Artificial Intelligence (AI), the Internet of Things (IoT), blockchain, and robotics systems will be advanced most effectively by grouping a multidisciplinary team from areas such as computer science, education and social sciences.

The Fourth Industrial Revolution (4IR or Industry 4.0) already started emerging at the turn of the twenty-first century, overlapping with the Third Industrial Revolution and building upon it with advancements in several domains. The 4IR is a fusion, an amalgamation of technological break throughs in AI, AR, VR, nanotechnology, robotics, 3D printing, ADP (Advanced Digital Production), and the IoT. As it has been put aptly by someone, ‘The 4IR is a way of describing the blurring of boundaries between the physical, digital and biological worlds’. The 4IR or Industry 4.0 is rewriting the rules of manufacturing, infrastructure developments, domestic reforms, and trade liberalisation in order to keep pace with the changing times. The 4IR is not a single technology driving the revolution but is a cluster of different technologies that are de facto agglomerated by technological leaders, pivotal users, system integrators, and government policymakers. It is clearly a complex fusion of technologies all connected by cloud-based internet.