Current Issue
Vol. 3 (2023): Proceedings of Malikussaleh International Conference on Law, Legal Studies and Social Science (MICoLLS)
Published:
2023-12-01
Articles
The industrial revolution 4.0 was born after being preceded by three previous generations: the first generation of steam engines, the second generation of electrification, and the third generation of computerization. The fourth generation, also known as industry 4.0, is a cyber-physical system with digitization, product interconnection, value chains and business models. Industry 4.0 also includes research, networking of industry players, and standardization. By digitizing the interconnection of products, the trade chain can be shortened, thereby accelerating the flow of goods and services from producers to consumers. Later, this will reduce operating costs, potentially increasing economic activity, producer income, and consumer efficiency.
