Artificial Intelligence and Robotics - Transforming the Industrial Economies
Rajiv Khosla, Deepti Tara · Arthshastra Indian Journal of Economics & Research · 2019
The fourth industrial revolution, which is a combination of cyber-physical systems, the internet of things, and the internet of systems are quite dissimilar to the earlier three Industrial Revolutions as the cognitive thinking and skills of human beings are going to be challenged through it. Using disruptive technology, companies like Google, Uber, Airbnb, and Facebook have already overtaken the conventional market leaders. In future too, robotic intrusion will amplify so that sharing of information may become prompt to garner profits by promoting efficiency. This study discussed an illustration which threw light on the prospective disruptive developments likely to take place in the service sector of an economy. Also, few recommendations are being given, which can be a torch bearer for the service sector companies that want to milk the first mover advantage.