Towards
Fourth Economic & Industrial Revolution:
That was the 19th century,
when we see the boom in the industrialization and the means of communication.
The Life cycle of the business people is rapidly changed with mass production and
rapid transportation means. The time not stop here, it’s very fast. The
Computer and Internet technologies came in the business market to make their
calculation more accurate, more authenticate and to memories and keep safe
their data figures safe for their future use. That introduce to a new era which
we know today with the name as “Data Sciences” . Now People and business
industries consider data as an asset for them. They working much more to
protect and secure their data to make it up-to-date, accurate and authenticate
to use anywhere and anytime. The impact over the capital business market is
very impressive. These modern technologies helps the business operations and
the payments channels and new means of financial services introduce in
the market. In short words with the time the technology impacts massively help
out the banking transactions and banking business.
There are many
limitations related to that internet and database management technologies,
that are too much costly for business companies and there is always a threat of
security. Hackers and their hacking attacks many times breach the
industrial world internet securities and in response the business people face
many losses. We know that companies focusing on these limitations and they
hiring “Ethical Hackers” to protect their online business operations.
Now the technology
introduces the modern means of payments in the e-commerce business like the
electronic money and bitcoin money. That’s the reason we can say that today
the provenance, traceability, immutability, instant value transfer are more
improved due to internet technologies. Now business managers are more aware
about their customers and business operations’ values. The Online-Banking is
more useful to stop the money laundering. New Technology not stop here now
it focusing over making distribution and SCM-Supply Chain Management channels
more economic and in all time accessible. That’s the reason in many areas and
countries which are very economical and configured with the modern means of
technologies the business industries in these countries and areas has minimum
issues related to generation, distribution, creating the economic values,
improving ability and finality of ownership.
That’s the reason
many people thinking that now in 21st century technologies reshaping
the business industries with their full potential powers and the internet is
the most essential key value for this regards to move towards “Fourth IndustrialRevolution”.
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