The decline of Detroit and the emergence of Silicon Valley were the catalysts of the Fourth Industrial Revolution, inducing a shift from an economy founded on agriculture to petroleum-fuelled cars and a world that is powered by information and communication.
ICT has the potential to strongly increase the share of the service industry in the economy, evolving away from material possessions. This is gradually becoming apparent in these Industry 4.0 trends:
3D printing for various sectors
Robots in our living room
Smart materials incorporated in the latest products
Blockchain vs. a central authority
Shift from personal possessions to a sharing economy
A genetic revolution and the elimination of incurable diseases
The Internet of Things will contribute to more self-development and a healthier lifestyle
Artificial intelligence and chatbots as personal assistants
AI and IoT will make cities smarter and make people’s lives easier
Looking ahead, we see a shift from a consumer economy to a sharing economy, towards more sustainability and greater self-development. A future in which people support software, in which co-creation becomes a core value and the emphasis will be on services rather than products.
Managing Partner The CoFoundry