The Commercial Courier February/March 2018

Page 12

CC COVER STORY

Adapting to the fourth industrial revolution Digital is rapidly transforming every single aspect of business, and this change will only pick up momentum as time goes on. With a major global economic revolution afoot, Marie-Claire Grima speaks to four Maltese digital experts to find out how this sea-change will affect Malta’s economy as well as its business community as a whole. 12

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ave you noticed that we’re in the midst of an industrial revolution? This time around, there aren’t any chimneys or coal mines – the fourth industrial revolution, also known as Industry 4.0, is one that, according to a 2016 global industry report by PwC, is focused on “the end-to-end digitisation of physical assets and integration into digital ecosystems with value chain partners.” Industry leaders are taking their essential functions digital, adding and improving their product portfolio with digital FEBRUARY/MARCH 2018


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