Tag: Robotics

The term “Fourth Industrial Revolution” was first coined by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, in 2016. It describes the transformation our societies and economies undergo due to the rapid development and adoption of new technologies such as smart devices, artificial intelligence (AI), robotics, and algorithms. This fourth industrial revolution is different from previous ones in that it is further propelled by the increasing connectivity of people and devices and the exponential growth of data. …