Join us at the MarketsandMarkets 5th Industrial Revolution Roundtable on
27th June 2023 in NYC, USA. An exclusively curated, thought leadership forum hosted by Krishnan Chatterjee (COO, MarketsandMarkets) & Pranjal Sharma (Author – The Next New), discussing recent trends & developments triggering the 5th Industrial Revolution & how organizations can demystify the resulting new $25 trillion B2B opportunity space!
The fourth industrial revolution is characterized by the fusion of technologies that are blurring the lines between physical, digital, and biological domains. It includes application of technologies such as AI & ML, IoT, Big Data, Blockchain, Cloud Computing, Robotics, Autonomous Vehicles, 5G, Genomics and Quantum Computing to derive the maximum cost and time efficiency.
Over the past few months, we have seen autonomous tractors being launched, AI tools writing movie scripts, and the big one – ChatGPT – surprising us every day with innovative applications. These events are all fragments of a massive global phenomenon, triggering a huge $25 trillion business transition in the B2B economy. In a way, these recent developments truly commemorate the lived reality of the fourth industrial revolution and indicate that the next phase has begun.
The 5th Industrial Revolution is upon us and with the additional objectives of sustainability, governance, and social impact, it is more caring than the fourth. However, on the business side of things, this adds more variables to an already complex equation. These variables are leading to deep changes in customer preferences, policy changes and creative destruction of centuries old business models. Every significant development seems to trigger a chain reaction across the entire global economy, making it hard to ascertain the impact on every business.
According to MarketsandMarkets™ research, the magnitude of this impact is roughly $25 trillion and every single company in the world will undergo this transition before the end of 2030.