WHILE Malaysians are still excited about and getting ready for the the fourth industrial revolution, IR4.0, we should actually be preparing ourselves already for IR5.0.
The idea of IR4.0 was first mooted by World Economic Forum (WEF) founder and executive chairman Klaus Schwab during a meet in 2016. As the WEF website explains, the first industrial revolution used water and steam power to mechanise production, the second used electric power to create mass production and the third used electronics and information technology to automate production.
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