The rise of AI and the digitalization of production.
At its most basic level, artificial intelligence (AI) refers to computer systems and algorithms that can perform tasks typically requiring human cognition, such as problem-solving, decision-making and language comprehension. While AI , has garnered significant commercial interest over the past decade, it is part of a broader digital transformation that began with the shift from analogue to digital technology in the 1970s. This Digital Transformation , known as the Third Industrial Revolution , saw the rise of computers and the proliferation of the internet, laying the groundwork for today’s AI-driven innovations in the 4IR . These advancements have evolved into a wide range of applications, including advanced robotics, natural language processing and machine learning. The Fourth Industrial Revolution ( 4IR ), driven by recent technological breakthroughs in Digitalization , is fundamentally reshaping industrial production . Cutting-edge technologies such as AI , bigdata a...