The Fourth Industrial Revolution is outpacing Industry 4.0. What looks like a paradox actually isn’t, as the two things aren’t the same. The term “Industry 4.0” typically means digital technologies, like the internet of things, artificial intelligence and big data analytics, applied in factories and plants to make the business more efficient and effective.
The Fourth Industrial Revolution goes beyond that. It implies significant shifts driven by these technologies and their usage – new ways of working, communicating and doing business. Just consider how significantly smartphones, social media, video conferencing and ride-sharing platforms have changed our work and private lives.