3. Information technology building blocks of the 4th industrial revolution
The data processing, storage and transport capabilities described in Chapter 1 pave the way for a wide range of tools. These basic tools make it possible to capture information that was previously of no economic interest. But, in the application context just discussed, the value of these technological advances becomes obvious.
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Cloud Computing is a configuration of IT equipment that enables computing power and applications to be shared between users, with control over whether or not data and results are shared between users, who may be employed by separate or even competing companies. The sharing of investments and the use of larger hardware reduces operating, maintenance and security costs, and enables the implementation...
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Information technology building blocks of the 4th industrial revolution