In: Economics
Do you believe that most of the Philippine e-commerce endeavours qualify for the 4th Industrial Revolution? Why? Why not?
The fourth industrial revolution involved the automation of industrial activities and traditional manufacturing, intending to incorporate modern, efficient technology (Goldstein et al., 2000). The advancement involved incorporating the technology involved using a machine to machine and the integration of the internet. The efforts during the revolution resulted in the alleviated automation, self-monitoring, increased communication, and manufacturing of smart appliances. The Philippine e-commerce endeavours are compatible with the fourth industrial revolution; the country's advancements involved technological aspects.
The principal exports accumulated to $811.73 billion with high production of electronics. Petroleum products and transport equipment manufacturing boosted the country's income and placed it at a competitive level with the other nations. The Philippines' industries were automated and advanced to a higher level; this boosted the manufacturing and declined the adverse effects encountered, like the production of sub-standard products. The adoption of the technology in industrial management and production qualified the Philippine endeavours in the fourth industrial revolution.
The fourth industrial revolution involved the automation of industrial activities and traditional manufacturing, intending to incorporate modern, efficient technology.