New Business Opportunities in the Industrial Revolution Era 4.0

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The industrial revolution 4.0 is a phase of the technological revolution that is changing the way people move on the scale, scope, complexity, and transformation of previous life experiences. The basic principle of the industrial revolution 4.0 is to combine machines, workflows and systems by implementing intelligent networks along the production chain and process. It aims to control each other independently. Rapid technological development will encourage changes in people’s behavior, and an increase in needs will drive changes and the creation of new business and employment opportunities.

Changes and new business opportunities are driven by the development of internet usage. Where this opportunity is also realized by business people to utilize the internet in the business process. The use of the internet in the process of doing business will continue to experience growth. Ranging from electronic information exchange to business strategy applications, marketing, sales, to customer service. The internet will also support global communication and cooperation between employees, consumers, sellers, and other business partners. In addition, the internet also allows people from different organizations or locations to work together as a virtual team to develop, produce, market and maintain products or services.

A Short History of the Industrial Revolution

New Business Opportunities in the Industrial Revolution Era 4.0 The first industrial revolution occurred in the 18th century, when the invention of steam-powered machines. From there, humans began to shift from relying on animal power to mechanical production machines. Then, the second industrial revolution took place around 1870. At that time, the world industry turned to electricity that could create mass production. Furthermore, the third industrial revolution occurred in the 1960s, when electronic devices were able to bring production automation. Now the world industry and manufacturing are preparing to face the industrial revolution 4.0. The term comes from a German government project to promote computerization of the manufacturing industry.

The industrial revolution 4.0 is an application of artificial intelligence (AI) which has the potential to increase global income and quality of life for the world community. In addition, AI will also produce cheap and competitive prices, increase efficiency and productivity, reduce transportation and communication costs, increase the effectiveness of logistics and global supply chains, reduce trade costs, open new markets, and encourage economic growth.

Drivers of the Industrial Revolution 4.0
New Business Opportunities in the Era of the Industrial Revolution 4.0 Industrial revolution 4.0 was marked by an increase in digitalization of manufacturing which was driven by several factors below:

Increased data volume, computing power, and connectivity.
The emergence of analysis, ability, and business intelligence.
New forms of interaction between humans and machines occur.
Improvements to digital transfer instructions into the physical world, such as robotics and 3D printing.
Facing Change in Era 4.0
New Business Opportunities in the Industrial Revolution Era 4.0 Industrial 4.0 revolution is seen through digitalization in various fields that will connect millions of people through the web, thereby increasing business opportunities, business and organizational efficiency, and updating the environment through better asset management. Technology will make it easier for humans to access information through digital technology freely and in a controlled manner. In the future, technological developments will form a new world community, namely the digital age community.

To be able to adapt to the changes brought about by the industrial revolution 4.0, a worker must have abilities that cannot be done by machines. One example is the ability to solve problems or creativity, where soft skills are the main key. In order to be able to deal with changes in the coming years, workers are needed who have soft skills such as complex problem solving, critical thinking, creativity, human Soft skills are one of the most important factors for workers to have in the future. Like the ability to communicate and cooperate with others, solve problems, and other aspects of emotional intelligence.

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