𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝟰.𝟬 𝗨𝗻𝘃𝗲𝗶𝗹𝗲𝗱: 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗮𝗻𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻

The Fourth Industrial Revolution, also known as Industry 4.0, refers to the ongoing digital transformation of conventional production and industrial methods by applying advanced technology. Industry 4.0 focuses on new and efficient ways of production, real-time optimization and value creation. It is a fusion of cutting-edge manufacturing techniques, smart systems, businesses and people.

In 2016, Klaus Schwab, the patron of the World Economic Forum, introduced the concept of the Fourth Industrial Revolution. In his book titled ‘The Fourth Industrial Revolution’, Schwab stated: "The Fourth Industrial Revolution creates a world in which virtual and physical systems of manufacturing cooperate with each other in a flexible way at the global level”.