Asia Centre for Leadership and Civilization! - Page 24
THE FOURTH industrial revolution or Industry 4.0 ( IR 4.0 ) as it is commonly known , represents the combination of cyber-physical systems , the Internet of Things , and the Internet of Systems . In short , it is the idea of smart factories in which machines are augmented with web connectivity and connected to a system that can visualize the entire production chain and make decisions on its own .
In this fourth revolution , a range of new technologies will evolve that combine the physical , digital and biological worlds . These new technologies will impact all disciplines , economies , and industries , and even challenge our ideas about what it means to be human .
Prof Sattar Bawany ( 2018 ), Leading the Digital Transformation of Organisations Expert Insights , Business Expert Press , New York
Digitization which is the cornerstone of the Fourth Industrial Revolution ( also