10 Tips for Hotel Groups to Prepare for the 4th Industrial Revolution
By David Harroch CEO, Booking Ninjas | May 17, 2020
Change is coming. We are about to witness a complete shift in the dynamics of our everyday conduct in business, communications, the hotel sector, the education sector, the health sector – everything. And how we prepare for this change will determine how it affects us when it comes.
The 4th Industrial Revolution, described by some as 'the era of intelligence', will feature major technological disruptions in various sectors. It will mark the emergence of completely autonomous systems capable of self-governance in every aspect of operations and repairs and will bring about a rapid decline of reliant systems. Growth and advancements will be exponential.
Contrary to popular beliefs, the 4th industrial revolution won't merely be a continuation of the 3rd revolution. Instead of that, it will be a literal representation of its name – a revolution. Just as the other revolutions brought about a complete turning point (the first industrial revolution featured mechanization of production, the 2nd replaced mundane steam and petroleum mechanization with electricity for production, the 3rd brought about information technology to make production smart and automatic), the 4th Industrial Revolution will see a drastic change in the way we do things generally.
However, the pre-4th industrial revolution technologies available today is sufficient to prepare us for the full force of the coming change. We already have incremental development in Artificial Intelligence, a major driver of the new age. There's also news of improvements in 3D printing, Big Data, quantum computing and many other emergent fields in technology, all of which have important roles in the imminent revolution.
Impact on Business