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Artificial Intelligence and Robotics - Transforming the Industrial Economies

By: Contributor(s): Material type: TextTextSeries: Arthshastra Indian Journal of Economics and Research ; Vol 8 (5)Description: 16-21 pSubject(s): In: Gilani, S. ARTHSHASTRA INDIAN JOURNAL OF ECONOMICS AND RESEARCHSummary: .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.
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Holdings
Item type Current library Call number Vol info Status Notes Date due Barcode Item holds
Journal Article Journal Article Main Library Vol 8, No 5/ 55511388JA2 (Browse shelf(Opens below)) Available 55511388JA2
Journals and Periodicals Journals and Periodicals Main Library On Display JP/ECO/Vol 8, No 5/55511388 (Browse shelf(Opens below)) Vol 8, No 5 (01/09/2019) Not for loan September- October, 2019 55511388
Total holds: 0

.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.

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