As millions are poured into digital transformation to survive the pandemic economy, augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India's businesses. But regulations need to reflect intent
As millions of dollars are invested in new technology, there is an opportunity for sustainable companies
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The first industrial revolution created modern industry, embracing machines, assembly lines and factories in order to maximise production efficiencies. The second, third, and now fourth revolutions have brought innovations to refine these tools—with present-day factories and companies using automated machinery and millions of sensors that output data points for artificial intelligence (AI) and machine learning (ML) to crunch. Machines today can not only be taught the task at hand, but can also be used to learn the best way to perform it. We have come a full circle.
Industrial revolutions have gone down in history as milestones of human progress. Strong and efficient industries led to robust economies, wealth creation, scientific and technology prowess, better education, as well as more opportunities to succeed. Today, the world was able to come up with not just one but multiple Covid-19 vaccines in record time.
(This story appears in the 04 June, 2021 issue of Forbes India. To visit our Archives, click here.)