Why Hyper-Digitization May Drive The Next Industrial Revolution

The accelerated digitization of a large and growing sector of the world economy is creating a major new opportunity for businesses, one that requires new approaches and new service models.

Hyper-Digitization is the current revolution of digital business in which a large percentage of the economy’s products and services are strictly digital.

So, what does that mean for today’s business landscape?

In a recently published article entitled, “Will Hyper-Digitization Drive the Next Industrial Revolution,” economist, Nouriel Roubini, writes:

“The next wave of smart technologies—from the Internet of Things and wearables to robotics, and artificial intelligence—will boost worker productivity, reinvent business, and add trillions of dollars to worldwide GDP growth. Roubini suggests that these smarter technologies will turbo-boost the digital revolution and rewrite the next chapter in the story of business—how companies generate revenue, control costs, engage customers, and manage work.

He writes that digital transformation is not just about using your mobile phone to hail a cab or to book a hotel room. “The digital economy is based on technological platforms and algorithms, connected “things” and intelligent “bots.” It will stretch from customer-facing operations all the way into your middle- and back-offices, revolutionizing the division of work between machines and people.”

We are in the middle of a digital revolution and businesses are preparing to adapt to the changing consumer realm as digital environments become vitally important for interaction.

What is your strategy for the next industrial revolution?

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