The official blog of Stathis Kassios for Business, Media, Economics & Arts

Hosting another article for the digital transformation and the 4th Industrial Revolution, by Marina Alamanou (regional partner at FasterCapital) who gave us permission to publish in our blog space. ''During my first month as a regional partner for the FasterCapital incubator, the most common question I have received from Greek founders around Europe has been the following: “Since FC is based in Dubai how can they help me while I am based in Europe”? While my answer is that “FC is a virtual incubator”, I find myself explaining to them what it means to belong to a “virtual community living in the cloud”! Essentially a community of digital associations, interconnections and new emerging associations of people and businesses all distributed globally and crossing straight through traditional geographical, cultural and political boundaries. So, enter the 4th industrial revolution, an era that is going to be characterized by a fusion of technologies blurring the lines between the...

In our times, there has been a mass production of global products and services. Some economists prefer the terms, product goods & services goods. The first industrial revolution and the second industrial revolution, focused on mass manufacturing and developing the aforementioned. The third industrial revolution, taking place in the 21st century, is all about integration of products & services. We have big data, digital manufacturing (take 3D printers for example), adaptive services. These three, are technological ''enablers'', offering customization of the services and goods that are being offered to us thus affecting global supply & demand chain management. Producing goods and services at this point becomes indistinguishable. The outcome of the third industrial revolution, generates great economic advantages to the industrialized countries, where the consuming customers are at the same time co-producers. Old business models are being replaced by rapid,...