Technological progress, globalisation and demographic change are creating many new opportunities, but not for everyone; Indian Government and policymakers should focus on helping those at risk of being left behind through well-targeted education and training, labour market and social policies as part of inclusive jobs strategies to help everyone get ahead. Since non-standard forms of …
Industry 4.0 expected to result in a $152.31 Billion Industry 4.0 technology market by 2022. Among these technologies were, on top of Industrial IoT which is really an essential part of the whole Industry 4.0, Logistics 4.0 and Whatnot 4.0 vision and reality, industrial robotics, cyber-security, 3D Printing, advanced human machine interfaces, Big Data, artificial intelligence, Augmented Reality and Virtual Reality. How …
When Germany launched a project under the name ‘Industrie 4.0’ to digitalize manufacturing at the Hannover Messe in 2011, the government officials, industry leaders and academics who were working on the project probably had no idea that Industry 4.0 and specifically that fourth industrial revolution would become such a widely used concept. Moving beyond its …
Disruption has been one of the fundamental causal mechanisms through which our lives have improved. Disruptive technology is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry. The accelerated pace of globalization—coupled with digitalization—facilitates interactions and the exchange of ideas. Meanwhile, disruptive technologies …
