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The fourth industrial revolution

In: Industrial Policy for the Manufacturing Revolution

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Abstract

Chapter 3 analyses the fourth industrial revolution: what technological innovations are involved, to what extent the speed of change in this revolution is faster than in previous revolutions, the impact on manufacturing systems and the position and efforts of different countries in this deep transformation. An important characteristic of this revolution is that data seems to be the raw material of this new development phase. Digitalisation and hyperconnection are thus key transforming strategic elements of socio-economic systems, and industry in particular. A new manufacturing regime seems to be emerging, after mass production and flexible production of the second and third revolutions respectively, namely mass customisation.

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  • ., 2018. "The fourth industrial revolution," Chapters, in: Industrial Policy for the Manufacturing Revolution, chapter 3, pages 49-78, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17286_3
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    Citations

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    Cited by:

    1. Ines Lindner & Holger Strulik, 2020. "Innovation And Inequality In A Small World," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 683-719, May.
    2. Mario Benassi & Elena Grinza & Francesco Rentocchini & Laura Rondi, 2022. "Patenting in 4IR technologies and firm performance [Robots and jobs: evidence from US labor markets]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(1), pages 112-136.
    3. Paolo Morganti & Rosa Carolina Valdes, 2023. "The Perils of Asymmetrical Technological Changes in a Knowledge Economy with Complete Markets," Sustainability, MDPI, vol. 15(17), pages 1-17, August.
    4. Ho, Calvin K. & McAuley, Kimberley B. & Peppley, Brant A., 2019. "Biolubricants through renewable hydrocarbons: A perspective for new opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    5. Jayaluxmi Naidoo & Sarasvathie Reddy, 2023. "Embedding Sustainable Mathematics Higher Education in the Fourth Industrial Revolution Era Post-COVID-19: Exploring Technology-Based Teaching Methods," Sustainability, MDPI, vol. 15(12), pages 1-19, June.
    6. Modgil, Sachin & Gupta, Shivam & Sivarajah, Uthayasankar & Bhushan, Bharat, 2021. "Big data-enabled large-scale group decision making for circular economy: An emerging market context," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    7. Ahmadisedigh, Hossein & Gosselin, Louis, 2019. "Combined heating and cooling networks with waste heat recovery based on energy hub concept," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    8. Behl, Abhishek & Singh, Ramandeep & Pereira, Vijay & Laker, Benjamin, 2023. "Analysis of Industry 4.0 and circular economy enablers: A step towards resilient sustainable operations management," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    9. van Leeuwen, Charlotte & Mulder, Machiel, 2018. "Power-to-gas in electricity markets dominated by renewables," Applied Energy, Elsevier, vol. 232(C), pages 258-272.
    10. Rushan Ziatdinov & Madhu Sudhan Atteraya & Rifkat Nabiyev, 2024. "The Fifth Industrial Revolution as a Transformative Step towards Society 5.0," Societies, MDPI, vol. 14(2), pages 1-15, February.
    11. Jayaluxmi Naidoo, 2022. "Technology-Based Pedagogy for Mathematics Education in South Africa: Sustainable Development of Mathematics Education Post COVID-19," Sustainability, MDPI, vol. 14(17), pages 1-14, August.
    12. Edward Simpson & David Bradley & John Palfreyman & Roger White, 2022. "Sustainable Society: Wellbeing and Technology—3 Case Studies in Decision Making," Sustainability, MDPI, vol. 14(20), pages 1-30, October.
    13. Østergaard, Poul Alberg & Andersen, Anders N., 2018. "Economic feasibility of booster heat pumps in heat pump-based district heating systems," Energy, Elsevier, vol. 155(C), pages 921-929.
    14. van Meeteren, Michiel & Trincado-Munoz, Francisco & Rubin, Tzameret H. & Vorley, Tim, 2022. "Rethinking the digital transformation in knowledge-intensive services: A technology space analysis," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    15. Catherine Maware & David M. Parsley, 2023. "Can Industry 4.0 Assist Lean Manufacturing in Attaining Sustainability over Time? Evidence from the US Organizations," Sustainability, MDPI, vol. 15(3), pages 1-23, January.
    16. Alejandro Martínez & Juan Carlos Henao & Mario A. Pinzón Camargo, 2021. "Disrupción tecnológica, transformación digital y sociedad. Tomo I, ¿Cuarta revolución industrial? : contribuciones tecnosociales para la transformación social," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1280, October.
    17. Ahmadisedigh, Hossein & Gosselin, Louis, 2022. "Combined heating and cooling networks with part-load efficiency curves: Optimization based on energy hub concept," Applied Energy, Elsevier, vol. 307(C).
    18. Kim, Sehoon & Connerton, Timothy Paul & Park, Cheongyeul, 2021. "Exploring the impact of technological disruptions in the automotive retail: A futures studies and systems thinking approach based on causal layered analysis and causal loop diagram," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    19. Gustavo Ferro & Carlos A. Romero & María Priscila Ramos, 2023. "Understanding Smart Grids," CEMA Working Papers: Serie Documentos de Trabajo. 859, Universidad del CEMA.
    20. Arelys López-Concepción & Ana Gil-Lacruz & Isabel Saz-Gil & Víctor Bazán-Monasterio, 2022. "Social Well-Being for a Sustainable Future: The Influence of Trust in Big Business and Banks on Perceptions of Technological Development from a Life Satisfaction Perspective in Latin America," Sustainability, MDPI, vol. 15(1), pages 1-14, December.
    21. Shet, Sateesh V. & Pereira, Vijay, 2021. "Proposed managerial competencies for Industry 4.0 – Implications for social sustainability," Technological Forecasting and Social Change, Elsevier, vol. 173(C).

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