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What The Future Holds
Indian Management
|January 2021
Adopting modern technologies is key to ushering economic growth in the near future.
Industry 4.0, the fourth industrial revolution underpinned by use of data and analytics to deliver a superior operating performance, was already underway as the next big disruption across manufacturing and other industries before COVID-19 struck. A faster and fuller adoption of Industry 4.0 in the post-COVID world will help companies get onto the recovery curve faster and eventually outperform pre-COVID levels. Applications of Industry 4.0 technologies such as 3D printing, Internet of Things (IoT), drones, and augmented reality/virtual reality (AR/ VR), in particular, can play a prominent role in economic recovery.
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