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Technology holds the key to better services

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Artificial Intelligence, Internet of things and Machine Learning will blur the line between physical and biological world.

Photo credit: Shutterstock

Karl Marx is said to have argued the economic differences between people do not only arise because of economics but also technology. Those that take advantage of advancing technology will lurch ahead and those that do not lag behind.

The world is now under the cusp of Fourth Industrial Revolution. This is technological advancement in "cyber physical systems such as high capacity connectivity." Klaus Schwab, the World Economic Forum founder, defines it as a significant shift in industrial capitalism. Artificial Intelligence, Internet of things and Machine Learning will blur the line between physical and biological world.