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Industrial Revolution IR4.0

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July 15, 2023

The Internet of Things (IoT) and Industrial Revolution 4.0 have received a lot of attention recently and are predicted to spread internationally across all industries. Many businesses are stepping forward to adopt the newest technology in an effort to increase production and efficiency. By embracing automation processes, factories are considerably evolving into smart factories. Recent research on the preparedness of 1500 corporate executives or CXOs from 19 different nations was done. The findings showed that just 13% of CXOs are prepared to take advantage of IR4.0's developments, and only 25% of them think they have personnel with the necessary skill sets. And according to the IR4.0 trends, 84% of them are prepared to build the proper staff.

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