Industry 4.0 has the potential to change the business landscape permanently, but there are also legal challenges which must be managed when these technologies are implemented.
The fourth industrial revolution, or Industry 4.0 as it is also known, refers to the industrial development phase which is signified by technologies such as artificial intelligence (AI), the internet of things (IoT), blockchain, big data, 5G, robotics, quantum computers and other advanced technology. Put differently, this phase may be viewed as describing the technological progress where borders between physical, digital and biological systems become blurred.
These new technologies already influence many areas in society and have the potential to dramatically change the way we work, as well as how we communicate and act as consumers. Of course, legislation is also influenced by these changes.