What to Expect in Industry 4.0 (Insurance Thought Leadership )

What to Expect in Industry 4.0

  Monday, August 28th, 2023 Source: Insurance Thought Leadership

We love to think about disruption as simply a modern-day term. Yet four historic industrial revolutions offer ample evidence that disruption occurs far more frequently than we might ever imagine.

Each of the three past industrial revolutions has ushered in seismic change: The original Industrial Revolution was powered by steam, the second was driven by electricity, assembly lines and mass production and a third industrial revolution introduced computers and the internet.

Industry 4.0 -- where we find ourselves today -- is moving exponentially faster than its predecessors. Defined by digital transformation, connectivity and the rise of real-time data, Industry 4.0 has already evolved from on-premises to the cloud and from intricate programming languages to no-code. Now, it is embracing AI and quantum computing.

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