It is already happening. We may not have realized it but the fourth industrial revolution has already begun, and we are in it.
The first revolution was driven by the steam engine, allowing humans to enjoy motive power far beyond the limited strength of animals, and traveling with speeds to objectives far beyond imagination up to that point in time. The second revolution brought for us electricity and the concept of mass production, significantly improving the comfort and well-being of all people in society, and further enhancing the potential of the opening markets as a result. The third revolution introduced to the world computer science and microprocessors, enabling us to make a major new leap in productivity and efficiency, and opening the human mind into to a whole new world, literally. Now, with the Internet of Things, amazing 3D printing, the engineering of genetics, artificial intelligence, drones evolving into unmanned vehicles, the science of robotics and machine learning, we are all witness to the signs of the fourth industrial revolution.
World Economic Forum founder Klaus Schwab actually launched a book entitled The Fourth Industrial Revolution in the early days of 2016, describing to his reader that the new revolution is symbolized by merging technologies that are literally blurring and setting aside all limits across the spectrum of physical, biological and digital worlds, inflicting challenges to all types of businesses and providing openings to innovative chances of unprecedented nature.
We are shown by Schwab that each of the four revolutions had been triggered by a single major innovative spring forward. The microchip, for example, paved the path for the third revolution to change the very fabric of our lives. And today, we are talking about the cloud, unimaginable just years before, yet becoming the driving force behind the fourth revolution as we know it.
The volume of data processing deemed necessary by new technologies can only be supported and realized by virtual computer infrastructure. The only capable platform is the cloud, able to provide the necessary agility and speed to allow companies compete in the very innovative economic landscape. The calculations that one day computers needed one year to complete are now completed in two weeks, all thanks to the cloud. The benefits this technology is capable of bringing to the health care industry is incomprehensible.
From the perspective of companies, the fourth industrial revolution is equal to opening a new field for very creative and truly epic innovation. Digital Transformation is the process of adapting to new advancing technologies within the environment of corporate businesses. This is vital to bring together all companies under one digital umbrella, which is considered a dire necessity in this new revolution.
Designing different new business models will become possible through cloud-based systems that are intelligent in this day and age, including enhancing customization to introduce to the market new product. This also includes enhanced customization to deliver products and provide services that will be to your customers’ amazement.
It can be predicted with quite precision that four pillars will gain strength from the concept of Digital Transformation. This helps grow and endeavor during the ever so amazing fourth industrial revolution.
Customer engagement – An example includes a professional football club using an online CRM system to map the behavior of its supporters and lure crowds to the stadium on match days.
Product transformation – The Internet of Things is now employed by Thyssen Krupp in its elevators, used to inform customers in which floors their equipment stop in. This truly saves power and money usually set aside in case of maintenance costs.
Optimizing operations – The Gloob channel of Globosat has uploaded a cloud-based video material to distribute technology and add safety and efficiency to sales made by its programs.
Engaging with employees – Infraero has managed to link 6,000 employees located in 60 airports across the U.S., providing end results in collaboration of the increased and the efficiency of communication.
The key for companies to materialize a major enhancement can only be found in the perspectives of efficiency and productivity. This is in addition to opening new chances for new businesses and their development. Each and every one of us will most definitely be affected by such events that are already casting their shadows upon the industry, and across the globe.