FINANCIAL INTELLIGENCE IN HUMAN RESOURCES MANAGEMENT

Description

FINANCIAL INTELLIGENCE IN HUMAN RESOURCES MANAGEMENT

New Directions and Applications for Industry 4.0

This world has seen three industrial revolutions till now. The first revolution was due to utilization of steam as power, the second came about by electricity, and the third happened due to the introduction of IT and electronics. We are now into the Fourth Industrial Revolution termed as Industry 4.0, which has been possible due to the introduction of newer technologies like artificial intelligence and the Internet of Tilings. The Fourth Industrial Revolution started in a European country, Germany, which involved the coordinated working of the Internet, artificial intelligence, and various sensors with better output in the Industry.
In the domain of Industry 4.0 context, we are now at the brink of Finance 4.0 and Smart HR, and it should be understood what it really signifies.
What makes Finance 4.0 different from the earlier version is the arrival of blockchain or distributed ledger technology. This has led to an innovation called cyber currencies, which made possible peer-to-peer (P2P) transactions across a distributed ledger system (commonly known as blockchain. Cyber currencies or tokens were invented because of the lack of trust in the official system