The Fourth Industrial Revolution, a.k.a. Industry 4.0 or 4IR, refers to the ongoing inclusive and human-centric transformation of traditional industries by integrating modern technologies.

This concept was popularized by Klaus Schwab, founder and executive chairman of the World Economic Forum, in 2016. According to Schwab, “The Fourth Industrial Revolution is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human.”

TechRepublic Premium presents this explanation of the Fourth Industrial Revolution, including its evolution, features, benefits and drawbacks.

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Healthcare is another sector experiencing transformative changes in the Fourth Industrial Revolution. Various countries, such as Malaysia, recognized the need to upscale healthcare services by completely adopting 4IR. In 2018, the Malaysian Ministry of Health signed a Memorandum of Understanding with a multinational private sector and academia initiative to accelerate Malaysia’s digital healthcare landscape. The relationship centered on technological advancements in healthcare delivery and solutions, collaborative cluster development efforts, industry network involvement, manufacturing partnerships, talent development and digital health innovation hubs.

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