India, Feb. 12 -- The Fourth Industrial Revolution (4IR) is building momentum and creating opportunities and challenges for businesses of virtually all types and sizes, particularly those engaged in leading a successful digital transition. Emerging 4IR technologies, such as autonomous vehicles, VR/AR, AI, robotics, blockchain and IoT, are poised to simultaneously raise the stakes and create new opportunities across an array of business sectors.

The 4IR represents a crash of two worlds, according to Mohamed Kande, an advisory leader at professional services firm PwC. "It's the collision of time and technology, the wall of physical assets colliding with a digital wall," he explained.

The challenge now facing industries worldwide, Kande ob...