What is the Fourth Industrial Revolution?

Advances in material science have led to the development of novel materials with remarkable properties, enabling breakthroughs in various industries. Examples include graphene, carbon nanotubes, and metamaterials. Last but not least, advanced digital production (ADP) technologies encompass a range of digital manufacturing techniques, including additive manufacturing (3D printing), robotics, automation, and the Industrial Internet of Things (IIoT). These technologies revolutionise production processes, enabling greater customisation, efficiency and flexibility.

The 4IR marks a significant transformation in human advancement, driven by extraordinary technological progress that rivals the remarkable changes witnessed during the first three industrial revolutions. These advancements are converging physical, digital and biological realms, presenting both immense opportunities as well as potential risks. The rapid pace, extensive scope and profound impact of this revolution compel us to reconsider the principles of national development, the value-creation process for organisations, and even the fundamental essence of humanity.

The Fourth Industrial Revolution offers unique opportunities for innovation, growth and social impact but poses significant challenges to governance, security, ethics and sustainability. Hence, we must collaborate in a manner unprecedented in history. Everyone bears a crucial responsibility in shaping the future, whether they hold positions of power in governments or businesses or are passionate activists or concerned citizens.

GHD is at the forefront of the 4IR, helping clients across various sectors and regions to harness the power of emerging technologies and trends to transform their businesses and societies. GHD Digital is GHD’s digital transformation business, dedicated to helping clients unlock innovation, embrace the future and change communities for good. GHD Digital provides integrated services across the entire project lifecycle, from strategy and design to delivery and operation, leveraging its global network of experts and partners.

 

To learn more about our innovative solutions, visit the GHD Digital page.

Articles referenced

^{Lavopa, Alejandro and Delera, Michele 2021, ‘What is the Fourth Industrial Revolution?’ retrieved June 2, 2023, from https://iap.unido.org/articles/what-fourth-industrial-revolution}

^{Wigmore, Ivy n.d., ‘Fourth Industrial Revolution’, retrieved June 2, 2023, from https://www.techtarget.com/whatis/definition/fourth-industrial-revolution}

^{World Economic Forum n.d., ‘Fourth Industrial Revolution’, retrieved June 2, 2023, from https://www.weforum.org/focus/fourth-industrial-revolution}