Navigating the fourth industrial revolution3 min read 25 Jan 2016, 01:36 AM IST
India cannot afford to lose out on the offerings of this revolution
The crane used for loading ships can be fitted with sensors that measure the weight of the containers and plug it into a software model. Using the design of the ship, the software sends instructions on where exactly to place the container in order to optimize the weight-balance of the ship. This process can enhance the fuel efficiency of the ship by 5-8%, according to Markus Lorenz of the Boston Consulting Group. By combining the data from the user cards and systems built-in to report train malfunctions, Traffic For London automatically credits the user’s account for delays without the latter being required to fill an application form. These are just a couple of examples, but they give a flavour of what the fourth industrial revolution is about.