While small and medium business (SMB) owners in West Africa have seen the terms, ‘Fourth Industrial Revolution’ and ‘Industry 4.0’, or ‘4IR’ in the headlines and on the Internet, many assume that this trend will only affect larger businesses. Nothing could be further from the truth – the next wave of digital technology will be as meaningful and important to SMBs as the mobile phone and the Internet.
Let’s quickly recap what the history of the other three industrial revolutions before looking at the fourth: The first industrial revolution in around 1785 was about using steam- and water-powered machines to […]
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