| |DECEMBER 201919Consultants Reviewver the past 200 odd years, the world has gone through four industrial revolutions. The first was Me-chanical Production followed by Mass Production and then Au-tomated Production. The fourth one, currently taking place, is termed as Intelligent Production, which encompasses the advent of technology; better known as Industry 4.0 (I4). According to a recent CBRE report titled `Digitally Remas-tered - What Industry 4.0 means for Asia Pacific Industrial & Lo-gistics Real Estate' until now, it hadn't been necessary to dis-tinguish between the Internet of People (IoP) and the Internet of Things (IoT). However, with internet-enabled devices hav-ing permeated all aspect of our lives - our homes, workplaces and factories - the IoT is becom-ing a new frontier for technologi-cal innovation and advancement. While, the IoP is already gener-ating ever growing volumes of data, the growing presence of IoT will generate much more data that will need to be managed. The Manufacturing sector continues to remain an important part of many major economies across Asia. In India, this seg-ment has witnessed exponential growth over the past few years, emerging as a leading sector in the country's economic growth. While policy initiatives and re-forms are helping the market grow, the changes driven by I4 are likely to have a tremendous impact on not just our economy but the economies and societies in the region. CXO INSIGHTSTHE WAREHOUSING INDUSTRY: WITNESSING DIGITAL REMASTERINGCBRE South Asia is the first international property consultancy to setup an office in India in 1994. From that period, CBRE has gained 8000 manpower with 10 offices operating in 80 Indian cities.By Jasmine Singh, Senior Executive Director,CBRE South AsiaO
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