The 4th Industrial Revolution
The 4th Industrial Revolution is upon us and companies need to be aware. This revolution is characterized by newer technologies including: Internet of Things (IoT), Robotic Process automation (RPA), Artificial Intelligence (AI), and Virtual Reality (VR). Any paper-based, or human interactive process that currently exists in a company will be open to competitive pressure. It is estimated that 40% of all jobs will be lost to automation in the next 10 years. Additionally, 70% of the companies on the S&P 500 will not exist due to this wave of automation.
Take a moment to think about your company or department and the processes that haven't been automated or updated for a while.