The Fourth Industrial Revolution: Challenges for Enterprises and their Stakeholders

Of the all the burning issues discussed at the World Economic Forum in Davos, Switzerland, earlier this year, one that got top billing was the promise and peril of the "Fourth Industrial Revolution." What does this Fourth Industrial Revolution mean for enterprises and their various stakeholders? What should they do to keep pace with it and create competitive advantage to come out ahead? The Third Industrial Revolution--the digital age that began in the mid-20th century--was about computerization. The Fourth Industrial Revolution we are experiencing today builds on this first wave of computerization with the latest, rapidly evolving and disruptive advances in technology: the Internet of Things, the Industrial Internet, robotic process automation, autonomous vehicles, artificial intelligence, 3D printing, cyber-physical systems and connected wearable devices.