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The New Industrial Revolution

The New Industrial Revolution

Written by David

October 23, 2019

Mobile supercomputing. Intelligent robots. Self-driving cars. 3D printing.

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Many economists, political and business leaders from around the world are convinced we are at the beginning of a new industrial revolution that is fundamentally changing the way we live and work.

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There are technological advances in the forms of artificial intelligence, robotics and information and communication technologies, just to name a few. These are disrupting the traditional ways of doing business and those who fail to adapt will be left behind.

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For example, online trade provides entrepreneurs with a ready market of the over 51 percent of the global population or 3.2 billion people, who use the internet. This would require that businesses shift their mindsets away from strictly store-front operations and embrace the new reality of trade through cyber-space. Furthermore, developments in robotics and artificial intelligence are improving the speed, quality and costs of available goods and […]

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