The Fourth Industrial Revolution (4IR) defines the fusion of the physical, digital, and biological worlds. The 4IR advocates for the increased utilization of the latest technological advancements such as artificial intelligence (AI), 3D printing, robotics, cloud computing, Internet of Things (IoT), etc.
While the COVID-19 pandemic has caused an unprecedented global modern-day health crisis, it has also accelerated the incorporation of 4IR technologies to automate, and in some cases, completely take over jobs.
With most economies adversely affected by the pandemic, most firms have been forced to restructure as they readjust to cope with the effects of the pandemic. Restrictions in human interactions and other risk mitigation regulations employed to curb the spread of Coronavirus have favored automation and the implementation of the 4IR technologies.
Policies implemented by governments to help economies recover while facing labor supply shortages such as reduced interest rates and digitalization subsidies have also favored 4IR by lowering the costs of automating different processes.
4IR technologies provide an efficient and effective way for the office environment and the manufacturing sector to cope with the speed, scope, and impact of the COVID-19 pandemic.