The Revolutionary Impact Of Industry 4.0 [Forbes]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Forbes
We are currently in the early stages of the Fourth Industrial Revolution, also known as Industry 4.0. Klaus Schwab, the founder and executive chairman of the World Economic Forum, introduced the term Industry 4.0 at the annual 2016 WEF conference . Schwab suggests that the Fourth Industrial Revolution is different in scale, scope and complexity from the prior three industrial revolutions. I would like to highlight some of the core technologies underlying Industry 4.0, including the Internet of Things (IoT), artificial intelligence (AI), cloud computing and digital twins. With these tools, I'd also like to discuss examples of how you can take advantage of the changes within Industry 4.0. The Internet Of Things According to Oracle , the IoT refers to the network of physical devices ("things") with built-in sensors and software and connected to the internet. There are billions of such devices in the world today, including smartphones, smart watches, autonomous vehicles and home se
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GE
Earnings
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- 4/15/24 - Form 3
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