Stages of Fourth Industrial Revolution (4IR)
What is the Fourth Industrial Revolution? Klaus Schwab, founder and executive chairman of the Geneva-based WEF, published a book in 2016 titled "The Fourth Industrial Revolution" and coined the term at the Davos meeting that year. Schwab argued a technological revolution is underway "that is blurring the lines between the physical , digital and biological spheres." Simply put, the Fourth Industrial Revolution refers to how technologies like artificial intelligence , autonomous vehicles and the internet of things are merging with humans' physical lives . Think of voice-activated assistants, facial ID recognition or digital health-care sensors. Schwab argued these technological changes are drastically altering how individuals, companies and governments operate, ultimately leading to a societal transformation similar to previous industrial revolutions. Figure :Stages of 4IR The first three industrial revolutions: Z