4th Industrial Revolution & Business Disruption

4th Industrial Revolution & Business Disruption
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C O N T E N T S:

KEY TOPICS

  • MANILA -- Rapid technological advancement is driving the fourth industrial revolution, and it is expected to create huge disruptions in employment and the way people conduct business.(More...)
  • More companies will likely cease to exist as we move deeper into the era of digital disruption, or what the World Economic Forum refers to as the "Fourth Industrial Revolution.?(More...)
  • What's exactly "Disruption 4.0"?(More...)
  • The digitally and technology-driven Fourth Industrial Revolution is causing positive and powerful disruption in almost every industry across the globe.(More...)

POSSIBLY USEFUL

  • While in some ways it's an extension of the computerization of the 3 rd Industrial Revolution (Digital Revolution), due to the velocity, scope and systems impact of the changes of the fourth revolution, it is being considered a distinct era.(More...)
  • Redefining infrastructure, technologies, and global-local economies in parallel with the Fourth Industrial Revolution may prove to have its challenges, however the space industry has repeatedly proven that it is at the helm of innovation.(More...)
  • Where the Third Industrial Revolution sparked the digital revolution, utilizing digital technologies to advance automation, the Fourth Industrial Revolution is fusing new technologies that will impact society and disrupt various industries across the globe.(More...)
  • Such investment priorities are being labelled by commentators as composites of the fourth industrial revolution (4IR), driven by use of technologies such as machine learning, artificial intelligence (AI), robotics, sensors and big data.(More...)
  • The business secretary Greg Clark echoed the huge potential digitalisation offers manufacturing: "The UK manufacturing sector has the potential to be a global leader in the industrial digital technology revolution.(More...)

RANKED SELECTED SOURCES

KEY TOPICS

MANILA -- Rapid technological advancement is driving the fourth industrial revolution, and it is expected to create huge disruptions in employment and the way people conduct business. [1] The fourth industrial revolution, characterised by disruption on multiple levels, requires organisations to adapt their business practices to become more competitive. [2]

Building on the historical reflection of the three industrial revolutions before it, the key difference today is that technological disruption is instantaneous and ubiquitous. [3] Overall the impact on customer expectations, on product enhancement, on collaborative innovation, and on organisational forms are most assured and rapid making businesses more susceptible to industrial disruptions everyday, bringing to our markets only the most specialised suppliers. [4]

Being adept at understanding the technologies is crucial, and so is a broader understanding of the 4th Industrial Revolution?s potential impact on regulation, competition, and the workforce. [5] These companies are partnering within industries, with workers, with governments and with educational institutions to increase the potential for 4th Industrial Revolution success and minimize societal turbulence as a result of change. [5] Why? Because in the 4th Industrial Revolution, it?s possible to be too focused on products and become blind to the inevitability of change in the marketplace and across entire sectors. [5] Having the agility to strategize and implement across market sectors will require global coordination and define winners in the 4th Industrial Revolution. [5] With all of its technological advancements both anticipated and yet realized, the 4th Industrial Revolution may be a revolution of industry but also a radical evolution of how business itself is conducted. [5] Organizations savvy enough to understand the potential of the 4th Industrial Revolution are already building these future-oriented strategies. [5] Those companies that both retain and maintain highly-skilled and educated workforces will be best positioned for the 4th Industrial Revolution. [5] The 4th Industrial revolution (4IR) is the major industrial era right after the revolution of the 18th century. [4]

More companies will likely cease to exist as we move deeper into the era of digital disruption, or what the World Economic Forum refers to as the "Fourth Industrial Revolution.? [6] An emphasis on technology disruption was prevalent throughout all sessions of DIA 2018, with one presenter commenting that this shows that we are now fully in the fourth industrial revolution. [7] Given the upcoming pace and scale of disruption brought about by the Fourth Industrial Revolution, however, this may simply not be an option." [8]

Fourth Industrial Revolution fervor has reached a fever pitch as experts across industries warn of impending job disruption. [9] The companies and leaders who understand that the Forth Industrial Revolution is happening as we speak and that disruption affects both demand and supply of their business will thrive. [10]

As one of the hottest new technologies on the block, A.I. has been labeled the 4th industrial revolution. [11] Therefore, your teams? success in the 4th Industrial Revolution will greatly depend on how they will adapt and serve in an agile way. [10]

What's exactly "Disruption 4.0"? To understand this, we need to understand the impact of First, Second and Third Industrial Revolution. [12] In "How the 4th Industrial Revolution will impact packaging, part 1," we explain how production systems are changing as consumer consumption trends shift. [13] The Year 2018 will be going an exciting year for Industry 4.0 or 4th Industrial Revolution when everyone wants to " Ride/Surf the Tsunami 4.0 ". [12]

The digitally and technology-driven Fourth Industrial Revolution is causing positive and powerful disruption in almost every industry across the globe. [14] The Fourth Industrial Revolution will be defined by the birth of new business models and the disruption of incumbents. [15]

This disruption will affect just about every aspect of society--from industrial strategies and competitiveness to the labor market to the way government itself functions. [16]

POSSIBLY USEFUL

While in some ways it's an extension of the computerization of the 3 rd Industrial Revolution (Digital Revolution), due to the velocity, scope and systems impact of the changes of the fourth revolution, it is being considered a distinct era. [17] The Fourth Industrial Revolution is disrupting almost every industry in every country and creating massive change in a non-linear way at unprecedented speed. [17] The Fourth Industrial Revolution describes the exponential changes to the way we live, work and relate to one another due to the adoption of cyber-physical systems, the Internet of Things and the Internet of Systems. [17] The World Economic Forum puts it best: "The change brought by the Fourth Industrial Revolution is inevitable, not optional. [18] In his book, The Fourth Industrial Revolution, Professor Klaus Schwab, founder and executive chairman of the World Economic Forum, describes the enormous potential for the technologies of the Fourth Industrial Revolution as well as the possible risks. [17]

The technologies of the Fourth Industrial Revolution might even help us better prepare for natural disasters and potentially also undo some of the damage wrought by previous industrial revolutions. [17] There might be increased social tensions as a result of the socioeconomic changes brought by the Fourth Industrial Revolution that could create a job market that?s segregated into "low-skill/low-pay" and "high-skill/high-pay" segments. [17] The Fourth Industrial Revolution is an exciting prospect, with its potential to transform your customers - and your own businesses. [18] One of the greatest promises of the Fourth Industrial Revolution is to potential is to improve the quality of life for the world's population and raise income levels. [17] What is the Fourth Industrial Revolution (4IR)? Let's start by pointing out that it's not IoT or big data. [18] Watch out for the next in the series, and download our Fourth Industrial Revolution infographic for more information. [18]

On the whole there are four core tenants to the revolution or disruption as we know it: How we engage customers, how we transform products, how we optimize business operations, and how we empower employees. [19] Ultimately the disruption has been the forcing function for companies to adapt the way they think, deliver and approach the market as a whole across products and services alike. [19]

Disruption is unavoidable for container shipping as multiple technologies converge with unprecedented speed. [20] Humans must be proactive in shaping this technology and disruption. [17] My concern, however, is that decision-makers are too often caught in traditional, linear (and non-disruptive) thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future." [17]

Redefining infrastructure, technologies, and global-local economies in parallel with the Fourth Industrial Revolution may prove to have its challenges, however the space industry has repeatedly proven that it is at the helm of innovation. [3] Let?s dive in deeper, industry by industry, to help you understand how the new technologies of the Fourth Industrial Revolution are shaping the economy. [21]

Such work between governments, technology companies, and the emerging digital industries is an essential building block for realizing the massive potential of the Fourth Industrial Revolution. [22] As we move into the Fourth Industrial Revolution and the digital transformation of life as we know it, the potential benefits and risks of this new era are in ongoing discussion, in Davos and elsewhere. [22]

At its most basic, the fourth industrial revolution refers to the explosion of technology and digital tools. [1] It is through the fourth industrial revolution (also known as Industry 4.0), currently being undertaken, that technology, talent, and new innovation ecosystems are emerging - building greater complexity into our final innovation offerings. [23] Technology has reached an evolutionary stage where almost anything is possible, and this is what makes the fourth industrial revolution so unique and dangerous for market incumbents. [2] The ability of satellite technology to provide ubiquitous and increasingly fast connectivity to billions of people globally is at the core of the Fourth Industrial Revolution. [3] From mechanization of production in the first industrial revolution to mass production in the second, and automation of production in the third, the concept of digitizing everything forms the basis of how the Fourth Industrial Revolution is influencing and impacting the world. [3] Simon Gee, Asia Pacific managing director for international nongovernmental organization TechSoup, which provides technical and technological support and tools to nonprofits, said most people don?t likely put a boundary between the third and fourth industrial revolutions. [1] The World Economic Forum and other business analysts increasingly recognize that the world is currently undergoing its fourth industrial revolution. [24] "Mastering the Fourth Industrial Revolution" was the theme of the World Economic Forum Annual Meeting 2016 in Davos-Klosters, Switzerland and we have only more to look forward to. [4]

In Technologies and Trends of the Fourth Industrial Revolution, you learned about the 10 technologies behind the Fourth Industrial Revolution. [21] It is disrupting almost every industry in every country," writes Professor Klaus Schwab, author of The Fourth Industrial Revolution. [3] The Fourth Industrial Revolution proposes a new hyper-connected paradigm that enables the industry to react in real-time to shifts in the ecosystem. [3] Connectivity is not the only element in the Fourth Industrial Revolution that can be harnessed by the satellite industry. [3] In this module, we talk about the impact of the Fourth Industrial Revolution, including the positive and the potentially negative. [21] Next, we explore how the Fourth Industrial Revolution can impact individuals and society. [21]

Where is the front-end in all this? Is it simply just in an idea plucked from random connections, or is it found through all the digital connections we are continually making, brought about by the fourth industrial revolution? Are we capitalizing and capturing these as well as we should be? I feel we should explore this further in future posts. [23] The majority of organisations are struggling to transform their business and compete in the fourth industrial revolution. [2] Business 4.x is designed to highlight the importance of the X-factor in a high-performance organisation operating in a world shaped by the fourth industrial revolution. [2] What must we do as innovators? By recognizing and delivering on the fourth industrial revolution, we can start to think outside our classic product innovation boxes. [23] Big, bold letters reading, "Fourth Industrial Revolution will disrupt shipping" headline an article Wolfgang Lehmacher wrote for the Journal of Commerce (JOC). [25] One of the main effects of the Fourth Industrial Revolution is increased human productivity. [21] When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. [3] As with all previous industrial revolutions, no public or private organization will be immune from the fourth industrial revolution. [24] Most of the rhetoric surrounding the fourth industrial revolution is concerned with automation. [1] Explain how customer expectations are shifting in response to the Fourth Industrial Revolution. [21] At the very least, he wrote the book entitled The Fourth Industrial Revolution. [25] The answer he's leading to is, of course, the Fourth Industrial Revolution (4IR). [25] Describe how the Fourth Industrial Revolution is transforming businesses. [21] While the Fourth Industrial Revolution charges ahead we cannot afford to be myopic. [3] At the heart of this transformation is the fourth industrial revolution. [23] The fourth industrial revolution is one where we are gaining new knowledge and understanding. [23] The fourth industrial revolution arrived with the advent of the 21st century. [24] We must reflect on all these direct consequences of the fourth industrial revolution. [23]

"The shipping industry has been impacted by the previous industrial revolutions: It moved from sail-powered shipping to steam-powered shipping in the First Industrial Revolution, to oil-powered shipping in the Second, to satellite guided navigation and digital transport in the Third. [25] Similar to the three industrial revolutions that came before it, ushering in the new industrial era, that at its roots combine the ability to adopt and integrate digital and physical technologies, poses numerous opportunities and challenges. [3] What really matters is that this industrial revolution is different than the three that came before it, utilizing new technologies that combine the physical, digital, and biological worlds in a way that will profoundly affect all industries of the world. [25]

From the 1970s to the year 2000, the third industrial revolution?s proliferation of computers and automation technologies revolutionized almost every economic process--from manufacturing, to management, to mass media and entertainment. [24] Intelligent automation and technology are fuelling this new industrial revolution. [23] With all of its technological advancements both anticipated and yet realized, the 4 th Industrial Revolution may be a revolution of industry but also a radical evolution of how business itself is conducted. [5] The 4 th Industrial Revolution will be dominated by companies with the flexibility to adapt to forthcoming technological innovation that is well beyond our current comprehension. [5] We know the 4 th Industrial Revolution is upon us with tremendous growth potential. [5]

The first industrial revolution was based on water and steam to mechanize production. [23] The first industrial revolution kicked off in the 18th and 19th centuries with the harnessing of steam and waterpower to replace human labor and mechanize transportation. [24] During both the First Industrial Revolution (which was fueled by iron and steam engines) and the Second (which was powered by electricity, steel, chemicals, and telecommunications), productivity boomed. [22]

As in each of the previous industrial revolutions, such gains come with economic trade-offs and elicit new challenges. [22] Specifically this industrial revolution is evolving at an exponential and disruptive pace unlike the previous ones. [4]

Then what happened? The Third Industrial Revolution arrived, ushering in the Information Age. [22] In the second industrial revolution, assembly line and conveyor belt manufacturing methods enabled mass production, radically increasing the quantities and lowering the price of goods available in the marketplace. [24]

Leveraging these new transformations and understanding their disruption potential with respect to technology, shifting demographics and global connectivity is essential for the satellite industry. [3] Business 4.x is a paper released by Kinetic Consulting Services and it highlights ten essential principles that organisations should adopt to develop a new operating mode capable of successfully tackling the constant change brought about by disruption due to high technology. [2] The other premise of disruption to shipping appears to be that a change in and of itself automatically results in disruption. [25] A new paper provides guidance on how to successfully change and effectively compete in an environment of constant disruption. [2]

Although disruption would be unavoidable, Lehmacher said in the past, it came largely from within the industry where new players with new technologies took market share from less advanced players. [25] Embracing these disruptions and transformations will be strategically imperative requiring proactive collaboration between various players of the industry in order to ensure that these technologies are harnessed and scaled effectively. [3]

We are building industry 4.0 open standards so increasingly we can connect across manufacturing ecosystems even more, so as to reduce disruption or provide greater flexibility. [23] Where is your enterprise vulnerable to cybersecurity disruption across its value chain? By building up an inventory of vulnerabilities, enterprises gain a picture of what cybersecurity professionals call an "attack surface." [24]

We are facing greater disruption and an increasing innovation pace. [23] I am not sure that argument exactly adds up to a necessary disruption to international shipping. [25] Much of the disruption also poses a threat to job security. [1] It's only when they abandon traditional thinking, can they hope to create an X-factor that will enable them to differentiate themselves from the competition, and outperform in an environment where constant disruption is the norm. [2]

Where the Third Industrial Revolution sparked the digital revolution, utilizing digital technologies to advance automation, the Fourth Industrial Revolution is fusing new technologies that will impact society and disrupt various industries across the globe. [26] The Fourth Industrial Revolution is, radically different and will impact all economies, industries and society at its core. [26]

When it comes to the technological forces at work in our world (the explosion of data, the impact of cloud, and flexible service delivery), leaders can take heart: For those that choose to survive, the fourth industrial revolution represents change that is fundamental for CPG. [27] New infrastructure such as data lakes hold true potential in the fourth industrial revolution, as do artificial intelligence technologies. [27] We are currently in the early stages of The Fourth Industrial Revolution, according to Professor Klaus Schwab, and i t is blurring the line between physical, digital and biological and changing the way we interact with emerging and digital technology such as artificial intelligence (AI), analytics and the Internet of things (IoT). [26] By combining physical and virtual reality, the Fourth Industrial Revolution is set to impact everything about our lives, giving way to the concept, the Internet of Everything. [6]

Artificial intelligence, the Internet of Things, and globalization are converging during this crucial time in world history, pointing towards a fourth Industrial Revolution, requiring the shipping industry to make adjustments, and reinvent the wheel, in order to stay relevant in the highly-competitive and ever-changing international market. [28] New technology is disrupting and ultimately transforming the life sciences industry in the fourth industrial revolution. [7] The potential for ground-breaking discoveries and innovations in the fourth industrial revolution is immense for the life sciences industry. [7] The fourth industrial revolution is defined as a fusion of technologies that are blurring the lines between the physical, digital, and biological spheres. [7] The good news is that the technologies that are driving the Fourth Industrial Revolution also offer us new tools to address emerging problems. [8] Business leaders who make changes now and adapt before the fourth revolution hits, will be best equipped to shape the future of the Fourth Industrial Revolution. [26] It?s impossible to fully understand how the Fourth Industrial Revolution will affect our global economy, the business environment, and individual enterprises. [29] The Fourth Industrial Revolution creates unlimited possibilities for the people who are interested in business. [26] The World Economic Forum has taken the broad-scope view, having chosen The Fourth Industrial Revolution as the central theme of its January 2016 annual meeting in Davos, Switzerland. [30] A new report published by the World Economic Forum suggests that life-long learning is bound to be part of the Fourth Industrial Revolution, but the report also raises major concerns about whether or not schools and businesses are ready to respond to this new training demand. [8]

As our attention turns toward the Fourth Industrial Revolution and the expectation of unprecedented scale, scope and complexity, technology will prove to be a powerful tool for equalizing the inequities of our world. [31] The portfolio manager at Federated Investors believes the technology behind bitcoin will help usher in the fourth industrial age. [32] Does blockchain technology have a pivotal role in the establishment of the fourth industrial age? Let us know in the comment section below. [32]

"Industrial revolutions are momentous events," said A Strategist Guide to Industry 4.0, a 2016 article in strategy+business. [30] The Wall Street bull predicts that blockchain, along with robotics, automation, artificial intelligence (AI), and the Internet of things (IoT) will be the foundation of the fourth industrial age. [32] Their report says, "Simply increasing the number of STEM graduates within the framework of currently existing education systems is not a silver bullet for mastering the Fourth Industrial Revolution." [29] The Fourth Industrial Revolution will challenge our ideas, change our norms, and redefine our standards. [29] The Future of Jobs: Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution was issued by the WEF earlier this year and offers insight into the changing landscape not only of work but also of education and training. [8] The Fourth Industrial Revolution is already at work, transforming businesses, societies, jobs and the world?s economies. [26] While no job or sector will be spared, in the Fourth Industrial Revolution, there are some sectors that will find their skills disrupted at a more rapid pace. [8] What is clear is that as we move deeper into the Fourth Industrial Revolution, eLearning and the entire ed tech sector is well positioned to experience substantial and even unprecedented growth. [8] If the term Fourth Industrial Revolution doesn?t resonate with you then you might already be behind. [26] Now we stand at the precipice of a Fourth Industrial Revolution (4IR)--AI, quantum computing, advanced robotics, and more. [29] Some companies are thriving, taking market share, and growing sales because they are embracing the fourth industrial revolution. [27] The latest industrial revolution is the fourth major era since the initial industrial revolution of the 18th century. [27] The First, Second and Third Industrial Revolutions made us faster at production and automation, using water, steam, electricity, and ultimately information technology. [6] In the middle of the last century, the Third Industrial Revolution took hold as electronics, digital technology and the internet disrupted the media, education and commerce. [31]

The technology of this new industrial revolution could begin to replace the work and jobs done by your workforce, instead of complementing and running parallel to it. [26] The previous three industrial revolutions--steam, electric and digital-- liberated humanity from labor intensive jobs, made mass production possible and delivered digital capabilities globally. [26] The first industrial revolution used water and steam to mechanize production, the second revolution used electric energy to create mass production. [27] In the First Industrial Revolution, we used water and steam for power, taking us from hand tools and small machines to powered machinery and mass production, sparking the growth of coal, iron, railroads and textiles. [31]

The First Industrial Revolution brought mechanical innovation--steam engines, cotton spinning, railroads. [29]

The future is now coming so fast that we?ve not had the time to envision the impact, scope or velocity of this industrial revolution, nor prepare for it--from an IT perspective, or an overall business stance. [6]

Her portfolio includes several industries: real estate advisory, medical, finance, industrial design, fashion, art, sports and technology. [28] The PwC report includes the findings of its 2016 Global Industry 4.0 Survey based on the responses from over 2,000 participants in nine industrial sectors and 26 countries. [30]

As emphasized in the WEF's report, "During previous industrial revolutions, it has often taken decades to build the training systems and labour market institutions needed to develop major new skill sets on a large scale. [8]

The digital economy and digital disruption is basically calling for a restructuring of your business or at least your business model--in the form of digital transformation. [6] Disruption is coming to the initially old school industry of shipping. [28] Disruption? The consumer packaged goods industry is in total disarray. [27] Leaders in industry have a real opportunity to shape the future and control our organizations? reactions to disruption. [29]

It?s important to remember that both the technology itself and the disruption it brings are controllable. [29] By contrast, the transportation sector and the financial services sector will experience the highest levels of disruption between now and 2020 (39% to 43%). [8] They also expressed a wide range of concerns around data security, with operational disruptions due to cybersecurity breaches at the top of their list. [30]

Such investment priorities are being labelled by commentators as composites of the fourth industrial revolution (4IR), driven by use of technologies such as machine learning, artificial intelligence (AI), robotics, sensors and big data. [33] The fourth industrial revolution is marked by a continuing shift away from energy and other physical resources, toward a new future where human capabilities are fully integrated with the functionality of emerging technology like artificial intelligence, augmented and virtual reality, robotics and nanotechnology, and the new connectivity of the Internet of Things. [34] In his book, The Fourth Industrial Revolution, professor Klaus Schwab, founder and executive chairman of the World Economic Forum, describes how this fourth revolution is fundamentally different from the previous three, which were characterized mainly by advances in technology. [35] "Mastering the Fourth Industrial Revolution" was the theme of the World Economic Forum Annual Meeting 2016 in Davos-Klosters, Switzerland. [35] The World Economic Forum?s The Future of Jobs Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution explores the profoundly shifting landscape. [36] Education is essential to building a workforce ready to meet the challenges of the fourth industrial revolution. [34] NOW the Fourth industrial revolution is here! The current and developing environment in which disruptive technologies and trends are changing the way we live and work. [10] The fourth industrial revolution ushers in a merger of human and digital functionality. [34] Although the phrase "fourth industrial revolution" conjures up vivid images of a dramatic change in landscape for global manufacturing, the truth is perhaps more nuanced. [33] The Fourth Industrial Revolution ( 4IR ) is the fourth major industrial era since the initial Industrial Revolution of the 18th century. [35] We often refer to this shift as the Fourth Industrial Revolution, the subtext of which is a Darwinian demand to adapt to the data boom or become obsolete. [37] "The Fourth Industrial Revolution: what it means, how to respond". [35] The Third Industrial Revolution, or the Digital Revolution, refers to the advancement of technology from analog electronic and mechanical devices to the digital technology available today. [35] Digital technologies are not new, but in a break with the third industrial revolution, they are becoming more sophisticated and integrated and are, as a result, transforming societies and the global economy. [35]

On the coat tails of the Third Industrial Revolution of 1969, which brought us mass production, this next phase is a technological revolution, described as "the advent of "cyber-physical systems? involving entirely new capabilities for people and machines." [36] The Second Industrial Revolution took place between 1870 and 1914, just before World War I. 7 It was a period of growth for pre-existing industries and expansion of new ones, such as steel, oil and electricity, and used electric power to create mass production. [35] The second industrial revolution happened in the decades before World War I, as electricity led to mass production. [34]

The apprenticeship workforce model -- developed following the first industrial revolution -- successfully altered attitudes toward training for the most formative industries of that era. [36] The first industrial revolution occurred in the 18th and 19th centuries with the advent of manufacturing techniques, factories, and steam power. [34] The First Industrial Revolution took place from the 18th to 19th centuries in Europe and America. [35]

The third industrial revolution began in the 1980s and is now petering out. [34] As we learned from our second and third industrial revolution predecessors, a well-planned and executed apprenticeship program is an opportunity to discover talent in hidden pockets, reduce recruitment costs, and retain teams of loyal employees. [36]

Transformative technologies, creating major disruption to traditional business models, will have "a significant impact on jobs, ranging from significant job creation to job displacement, and from heightened labor productivity to widening skills gaps." [36] Technology disruption is set to disproportionately impact women, who represent 57% of the workers sure to be impacted, according to the report. [9]

Discussion included how the insurance industry stands on the precipice of change, with waves of innovation and disruption unlocking new algorithmic possibilities across all areas of the business--including pricing, underwriting, claims and fraud. [38] Your teams will face disruption also on how they face innovative competitors, who will also access global digital platforms for R&D, marketing and new sales channels. [10] And, as technological disruption advances, this gap will continue to widen. [36] These disruptions are just a handful of examples, and throughout this publication we?ll give you the inside info on many others including artificial intelligence. [11]

The business secretary Greg Clark echoed the huge potential digitalisation offers manufacturing: "The UK manufacturing sector has the potential to be a global leader in the industrial digital technology revolution. [39] Today, we are taking our first steps into the Fourth Industrial Revolution, created by the fusion of technologies that overlap physical, biological, and digital ecosystems. [40] A PWC report released in 2016 defined Industry 4.0 - the fourth industrial revolution - as "the end-to-end digitisation of all physical assets and integration into digital ecosystems with value chain partners." [41] This fourth industrial revolution is now building on the third - the digital revolution that has been occurring since the middle of the last century. [42] Globally, the planet is not only now entering and rapidly advancing through the third industrial revolution, but we are moving beyond this and starting to experience both a confluence and convergence of emerging technologies, as we enter the Fourth Industrial Revolution. [42] If Britain is to survive and lead in the fourth industrial revolution, every single organisation will need to invest in new innovative business models, in the development of its people, as well as invest in new technologies. [39] Those companies that can break down the walls to become more relevant to their customers lives by enabling and providing end-to-end and last-mile connectivity, combined with the platforms and integrated "glue" required to enable the convergence of the emerging technologies of the fourth industrial revolution, will be best positioned to scale and remain contextually relevant at the center of customers' attention. [42] Big Data is part of the Fourth Industrial Revolution and it will help packaging adapt and succeed, if companies are serious about getting it and interpreting it properly. [13] Now, as we enter the fourth industrial revolution, businesses are preparing for tomorrow's marketplace, where data will power a new phase of digital transformation. [43] Can we make the fourth industrial revolution - the digital era in which we are living - a huge opportunity for Britain to take a leadership position? For many, it could feel a considerable threat. [39] As a founding member of the World Economic Forum Center for the Fourth Industrial Revolution, Accenture is exploring opportunities for organizations in every industry across the globe to evolve to Industry X.0. [44] About 28 per cent expect the Fourth Industrial Revolution to have a significant impact on their relationships and 15 per cent think it will have an impact on their leisure activities, the World Economic Forum said. [45]

Dubai: Millennials in the Middle East and North Africa (Mena) expect the fourth industrial revolution to have a massive impact their daily lives, with more people accepting that they will trust the decisions taken by a robot, a study revealed. [45] The challenges created by the fourth industrial revolution appear to be mostly on the supply side, in the world of work and production. [42] Though it might make for slightly slower progress, taking the time to lead teams through change can be the difference between sinking or swimming, as the fourth industrial revolution gets underway. [43] To prepare learners for success during the fourth, or even fifth, industrial revolution the notion of education has to change at scale. [40] Perhaps the best way to future-proof your skills for the Fourth Industrial Revolution is by developing the capacities that are simply beyond the reach of robots. [46] Another way to thrive in the Fourth Industrial Revolution is by embracing collaboration, which improves connectivity and learning. [13] Companies wishing to thrive in the Fourth Industrial Revolution should adapt their packaging systems and strategies to today?s changing circumstances. [13] As packaging designers reconsider their product/packaging system in the Fourth Industrial Revolution, it will be critical to analyze the evolving context and friction of packaging. [13] Another variable that will contribute to the natural selection of packaging in the Fourth Industrial Revolution will be skills. [13] The Fourth Industrial Revolution, toward which we are facing as a society, is still in its infancy but growing exponentially. [40] The transition to the Fourth Industrial Revolution does not spell doom and gloom for society as we know it. [40] When compared with the previous industrial revolutions, the fourth is evolving at an exponential, rather than a linear pace. [42] Before we assess how to manage the fourth industrial revolution, it's vital to define why it matters. [43] This image is a simple, yet powerful reminder of the critical role soft skills and qualities that cannot be measured with traditional metrics will play in preparing learners for success during the Fourth Industrial Revolution. [40]

Digital technologies are transforming production processes in all sectors, from high-tech to industrial equipment. [44] The CBI conference last week put out a call to action to business leaders to ensure the UK?s unites behind a "leapfrog? industrial strategy to win in the technology age. [39] The rallying cry from the CBI follows hot on the heels of news from the governments commissioned review on industrial digitalisation led by industry chief Jgen Maier, the UK and Ireland boss of German engineering giant Siemens, which concluded that British businesses need to adapt or perish. [39] The review also calls for a new national body, titled "Made Smarter UK Commission?, including representatives from industry, Government and academia, with the aim of "upskilling" one million British industrial workers. [39]

It is too often assumed that a workforce soon to consist mostly of millennials - who have lived through the third industrial revolution (the dawn of digital) - will be comfortable with a hyper-high-tech future. [43] The third industrial revolution used electronics and IT advancements in computing and networking, with artificial intelligence to automate production. [42] The first industrial revolution used water and steam power to mechanize production. [42] We believe that we are in the first few days of the next Industrial Revolution and that the coming age will systematically shift the way we live, work, and connect to and with one another. [40] What makes this industrial revolution different from previous ones is that it is merging the physical, digital and biological realities in a way which re-defines us as humans. [41] As we look back at history, previous industrial revolutions were defined by certain characteristics. [42]

There are three reasons why today's transformations do not merely represent an extension of the third industrial revolution, but the arrival of a distinct one: velocity, scope (breadth and depth), and systems impact. [42] The Internet has provided a shift to decentralized and distributed computing from the centralized computing model that started in the third industrial revolution. [42] The second industrial revolution used electric power to create mass production. [42]

In the meantime, in a period of intense uncertainty and change, where technology and significant economic and political challenges are driving a pace of unprecedented disruption, innovation needs to happen rapidly. [39] Disruption 1.0 - The impact of the whole industry when we introduce steam engine and horse-power. [12] Disruption 2.0 - The impact when electricity is being introduced. [12]

Disruption 3.0 - Automation using IT database and Internet. [12]

RANKED SELECTED SOURCES(46 source documents arranged by frequency of occurrence in the above report)

1. (12) How the Fourth Industrial Revolution is Shaping the Satellite Industry - Via Satellite -

2. (11) Accelerating success in the 4th industrial revolution - Huawei Publications

3. (10) The Innovation World is Changing Due to the 4th Industrial Revolution

4. (10) The business evolution within the 4th Industrial Revolution | CIO

5. (9) The 4th Industrial Revolution Is Here - Are You Ready?

6. (9) The Fourth Industrial Revolution Is Here -- Are You Ready?

7. (8) Is International Shipping About to Be Disrupted by the 4th Industrial Revolution? Universal Cargo

8. (8) Fourth Industrial Revolution - Wikipedia

9. (8) Is Your Organization Ready for the Fourth Industrial Revolution? | eLearningInside News

10. (7) Companies Face Major Challenges in the Fourth Industrial Revolution

11. (7) Understand the Impact of the Fourth Industrial Revolution on Business

12. (7) Cybersecurity for the Fourth Industrial Revolution

13. (7) Three Ways to Thrive in the Fourth Industrial Revolution | Bridge Partners

14. (7) Seizing the automation opportunity in the Fourth Industrial Revolution

15. (6) How the 4th Industrial Revolution will impact packaging, part 2 | Packaging Digest

16. (6) Make The Most Of The Fourth Industrial Revolution

17. (6) The Fourth Industrial Revolution and the Future of Work - RevUnit

18. (6) The Growing Technological Skills Gap in the Wake of the Fourth Industrial Revolution - Franklin Apprenticeships

19. (6) A Principal's Reflections: Preparing Learners for the Fourth Industrial Revolution

20. (5) The Fourth Industrial Revolution: What does it mean for NGOs? | Devex

21. (5) The Era of Disruption 4.0 | LinkedIn

22. (5) The Fourth Industrial Revolution will bring a massive productivity boom | World Economic Forum

23. (5) Surviving Digital Disruption: The Choice is Change or Die

24. (4) What every professional needs to know about 2018 in 3 minutes | HuffPost

25. (4) The Fourth Industrial Revolution - making disruption work for you Microsoft Partner Network UK Blog

26. (4) Digital Disruptors of the World Unite: Interpreting the Fourth Industrial Revolution - CIO Journal. - WSJ

27. (4) What technologies could disrupt the 4th industrial revolution? - Quora

28. (4) The Fourth Industrial Revolution: Will You Sink or Swim? - InformationWeek

29. (4) The Transformation of Life Sciences in the Fourth Industrial Revolution | Appian

30. (3) The Shipping Industrys Looming Disruption in the Fourth Industrial Revolution - More Than Shipping

31. (3) The Fourth Industrial Revolution

32. (3) Blockchain Technology Will Usher in the Fourth Industrial Revolution - Bitcoinist.com

33. (2) A.I. Is Here: The 4th Industrial Revolution - Reset Strategies

34. (2) Digital Disruption and the Fourth Industrial Revolution - Microsoft Partner Network

35. (2) Manufacturers, technology and the fourth industrial revolution

36. (2) Adapting to the 4th Industrial Revolution Gege Gatt

37. (2) Industry X.0: How It Will Impact the Future of Work | Accenture

38. (2) Mena millennials expect disruption from Fourth Industrial Revolution | GulfNews.com

39. (2) 'Reskilling crisis' emerging as 1.4M US jobs face technology disruption | CIO Dive

40. (1) Embracing the Fourth Industrial Revolution: What HR can do to unlock talent and lead their workforce through digital transformation - Willis Towers Watson Wire

41. (1) Agriculture and Technology in the Fourth Industrial Revolution Primal Group

42. (1) Governing in the Age of Disruption

43. (1) Analysis: Fourth Industrial Revolution will disrupt shipping

44. (1) HPE Newsroom | Factories of the Future Will Depend on This

45. (1) The Fourth Industrial Revolution in Insurance Report | TIBCO Software

46. (1) Preparing for Your Future in a World of Disruptive Technology - DECA Direct

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