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2022 | OriginalPaper | Buchkapitel

2. The Fourth Industrial Revolution: An Introduction to Its Main Elements

verfasst von : David Mhlanga

Erschienen in: Digital Financial Inclusion

Verlag: Springer International Publishing

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Abstract

This chapter's main goal is to identify key distinctions between the Fourth Industrial Revolution and earlier industrial revolutions. The attributes that are a sign of all industrial revolutions are used in the chapter to demonstrate that the transition to the Fourth Industrial Revolution is a new industrial revolution. These attributes include changes in the types of technological modes because of widespread adoption of accumulated industrial innovations and systemic changes in a variety of industries, including education, finance, the manufacturing industry, and logistics, among others. The chapter emphasizes how the Fourth Industrial Revolution is unprecedented and has a variety of unique characteristics when compared to other industrial revolutions. The chapter also highlights that due to the massive developments of the Fourth Industrial Revolution, there is a global shift in the way people transacted money from old methods like visiting banks or moneylenders or paying with checks or cash to digital methods like mobile money, ATMs, and online transactions, among others.

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Literatur
Zurück zum Zitat Erboz, G. (2017). How to define Industry 4.0: Main pillars of Industry 4.0. Managerial trends in the development of enterprises in the globalization era, 761, 767. Erboz, G. (2017). How to define Industry 4.0: Main pillars of Industry 4.0. Managerial trends in the development of enterprises in the globalization era, 761, 767.
Zurück zum Zitat Mhlanga, D. (2021). Artificial Intelligence in the Industry 4.0, and its impact on poverty, innovation, infrastructure development, and the sustainable development goals: Lessons from emerging economies? Sustainability, 13(11), 5788. https://​doi.​org/​10.​3390/​SU13115788 Mhlanga, D. (2021). Artificial Intelligence in the Industry 4.0, and its impact on poverty, innovation, infrastructure development, and the sustainable development goals: Lessons from emerging economies? Sustainability, 13(11), 5788. https://​doi.​org/​10.​3390/​SU13115788
Zurück zum Zitat Mhlanga, D. (2022a). Stakeholder capitalism, the Fourth Industrial Revolution (4IR), and sustainable development: Issues to be resolved. Sustainability, 14(7), 3902. CrossRef Mhlanga, D. (2022a). Stakeholder capitalism, the Fourth Industrial Revolution (4IR), and sustainable development: Issues to be resolved. Sustainability, 14(7), 3902. CrossRef
Zurück zum Zitat Mhlanga, D. (2022b). The role of artificial intelligence and machine learning amid the COVID-19 pandemic: What lessons are we learning on 4ir and the sustainable development goals. International Journal of Environmental Research and Public Health, 19(3), 1879. CrossRef Mhlanga, D. (2022b). The role of artificial intelligence and machine learning amid the COVID-19 pandemic: What lessons are we learning on 4ir and the sustainable development goals. International Journal of Environmental Research and Public Health, 19(3), 1879. CrossRef
Zurück zum Zitat Schwab, K. (2017). The Fourth Industrial Revolution. Currency. Schwab, K. (2017). The Fourth Industrial Revolution. Currency.
Metadaten
Titel
The Fourth Industrial Revolution: An Introduction to Its Main Elements
verfasst von
David Mhlanga
Copyright-Jahr
2022
DOI
https://doi.org/10.1007/978-3-031-16687-7_2