Industry Revolution 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain. Cyber-physical systems form the basis of Industry 4.0 (e.g., ‘smart machines’). They use modern control systems, have embedded software systems, and dispose of an Internet address to connect and be addressed via IoT (the Internet of Things). Industry 4.0 has been defined as “a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory”. Therefore, with the advantages of current technology, there are significant impact on cyber-preneurship and digital transformation of the world. This significant impact will encourage more cyber-preneurship activities through several IR 4.0 technology enabler that become widely used in today business environment. As a result, the digital transformation of the world become faster and support future growth of business and entreprenuership activites. Besides the advantages of Industry Revolution 4.0, we also need to consider some emerging impact and potential disruptive technology and how to manage and utilize the available technology for cyberpreneurship future growth to create more innovative solution for sustainability of the business. Finally, more innovative entrepreneurship business model could be created through adaptation of Industry Revolution 4.0 enabler technology in the future.
By Assoc. Prof. Ts. Dr. Nik Zulkarnaen Khidzir, Universiti Malaysia Kelantan, Malaysia
