ABSTRACT: The Fourth Industrial Revolution (4IR) is characterised as a disruptive period propelled by advanced technologies including artificial intelligence (AI), robotics, and the Internet of Things (IoT)(Schwab, 2016). It is frequently depicted as a transformative change that will revolutionise our living, working, and interaction paradigms. This narrative has encountered much criticism from multiple perspectives. Industry 4.0 signifies the integration of physical and digital realms, representing the subsequent evolution in unifying traditional and contemporary industrial technology(Fourth Industrial Revolution | Epo.Org, n.d.). This will culminate in the "Smart Factory," distinguished by versatility, resource efficiency, ergonomic design, and direct integration with manufacturing partners. The main purpose of this research is to understand the basic concepts of fourth industrial revolution, its impact on developing countries, the business model to integrate the society with new technology, major criticism highlighting its effect on various key stakeholders of society and other agencies.....
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