¡°Industry 4.0,¡± or the fourth industrial revolution, can offer both opportunities and risks for the Japanese economy.
It is a term to describe the future state of the economy, particularly manufacturing, based on the connectivity of everything, or the ¡°Internet of Things¡± (IoT). This connectivity includes not only PCs and mobile phones, but also cars, manufacturing equipment and other devices.
Although Japan is said to lag behind other developed nations, a recent gathering discussed whether the country could thrive in this new economy.
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