The Fourth Industrial Revolution: Opportunities and Challenges

  title={The Fourth Industrial Revolution: Opportunities and Challenges},
  author={Min Hua Xu and Jeanne M. David and Suk‐Hi Kim},
  journal={International Journal of Financial Research},
The fourth industrial revolution, a term coined by Klaus Schwab, founder and executive chairman of the World Economic Forum, describes a world where individuals move between digital domains and offline reality with the use of connected technology to enable and manage their lives. (Miller 2015, 3) The first industrial revolution changed our lives and economy from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. Oil and electricity facilitated mass… 
The process of industrialization has gone through three stages that have been described as Industrial Revolution. We are currently at the threshold of the Fourth Industrial Revolution that will
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