Fourth Industrial Revolution Definition
The Fourth Industrial Revolution is the name given to the current wave of technological change that is transforming society and the economy. This revolution is different from previous industrial revolutions in its speed, scale, and scope. It is characterized by a range of new technologies that are fused together, including artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, and nanotechnology.
This revolution is also different in terms of its impact. Unlike previous industrial revolutions, which were driven by manufacturing and energy, the Fourth Industrial Revolution is driven by information and data. This data-driven approach is transforming not just how we live and work, but also how we relate to one another as citizens of the world.
In order to understand the Fourth Industrial Revolution, it is helpful to look at it in terms of three key components: technology, people, and society.
Technology: The Fourth Industrial Revolution is being driven by a range of new technologies that are converging and fusing together. These include artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, and nanotechnology.
People: The way we live and work is being transformed by these technologies. For example, AI is changing how we interact with machines; robotics is changing how we interact with each other; and the IoT is changing how we interact with our surroundings. In addition, these technologies are blurring the lines between physical and digital worlds.
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