The Future of Management, Volume 2: Industry 4.0 and Digitalization

The world is standing on the very edge of the fastest industrial  revolution ever. A revolution which will rapidly increase the efficiency  of many production processes. Automation (both mechanical and the one  happening with computer processes) will reduce the demand for human work  and release a huge amount of time we can use for further development.  Industry 4.0 has been a buzz word recently. It is about interconnecting  devices and giving them the possibility to making autonomous decisions.  It is certainly a way of increasing efficiency of production, but it  will also have impact on the facilitation of other processes within the  organization.

At the same time, it is said that we are on the  verge of an ecological catastrophe and that we have merely a few years  before irreversible climate changes may endanger the future of our  species. Some say, that the development of AI will solve most of our  problems. We believe that the need for the activity of human beings will  be even bigger.