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The digital revolution is changing how we live and work.
Headlines like these are causing people to panic:
- “How the robots will take your job and kill the economy” (Fast Company, 2015)
- “Automation could kill 73 million U.S. jobs by 2030” (USA Today, 2017)
- “Job loss from AI? There’s more to fear!” – (Forbes, 2018)
However that story is more balanced than these headlines imply.
Industry 4.0
Industry and business are being transformed by a new wave of digital technology.
Mobile sensors can track inventory from the manufacturing floor, all the way through the shipping channel, to a retail shelf or a customer’s door. Machines send out alerts about quality control, errors, supply shortages or breakdowns. Predictive software automatically schedules maintenance for trucking fleets based on travel data and past repair timelines. Behavioral analytics help financial institutions spot suspicious activity in bank and credit card accounts.
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Industry and business are being transformed by a new wave of digital technology
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