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Arthshastra Indian Journal of Economics & Research

ISSN: 2278-1811 Frequency: Quarterly Peer Review: Double-blind Published since: 2012 Language: English
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Artificial Intelligence and Robotics - Transforming the Industrial Economies

Open Access Original Article

Artificial Intelligence and Robotics - Transforming the Industrial Economies

Rajiv Khosla1,  Deepti Tara2

1 Associate Professor, Institute of Management, DAV College, Sector 10, Chandigarh – 160 011

2 Former Assistant Professor, University School of Computing, Chandigarh University, Gharuan – 140 413, Punjab

Volume 8
Issue 5
Pages 16–21
Year 2019
Received: Sept. 1, 2019 Accepted: Oct. 1, 2019 Published: Oct. 31, 2019
Abstract

The fourth industrial revolution, which is a combination of cyber-physical systems, the internet of things, and the internet of systems are quite dissimilar to the earlier three Industrial Revolutions as the cognitive thinking and skills of human beings are going to be challenged through it. Using disruptive technology, companies like Google, Uber, Airbnb, and Facebook have already overtaken the conventional market leaders. In future too, robotic intrusion will amplify so that sharing of information may become prompt to garner profits by promoting efficiency. This study discussed an illustration which threw light on the prospective disruptive developments likely to take place in the service sector of an economy. Also, few recommendations are being given, which can be a torch bearer for the service sector companies that want to milk the first mover advantage.

Keywords Disruptive Technology Robotics Fourth Industrial Revolution
How to Cite

Rajiv Khosla, Deepti Tara (2019). Artificial Intelligence and Robotics - Transforming the Industrial Economies. Arthshastra Indian Journal of Economics & Research, 8(5), 16–21. https://doi.org/10.17010/aijer/2019/v8i5/149679

References
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