The Impact of Technology in Business and Finance

An industrial revolution can be generalized as: ‘‘A rapid and major change in an economy, driven by a shift in the methods and types of work undertaken’’.

The Fourth Industrial Revolution is also known as Industry 4.0.

The driving forces of the Fourth Industrial Revolution are disruptive technologies.

<p>The features of the Fourth Industrial Revolution include fusion of cyber and physical systems, change in employment due to robotics and automation, artificial intelligence and machine learning, and machine-led manufacturing.</p> Signup and view all the answers

<p>The shift in manufacturing in the Fourth Industrial Revolution is towards machine-led manufacturing, where machines play a major role in the manufacturing processes.</p> Signup and view all the answers