Experts worldwide including Tolga Akcay give us an insight into the industry of the future.
Physical, digital, and biological barriers were generally known as the Fourth Industrial Revolution. Artificial intelligence, 3D printing, quantum computing, and other technologies tried to make it. It’s the driving force behind a slew of goods and services that are quickly becoming vital in today’s world. Consider voice-activated virtual assistants like Apple’s Siri, tailored Netflix suggestions, and Facebook’s ability to identify your face and tag you in a friend’s picture.
Tolga Akcay, entrepreneur, business consultant and author, has put his expertise on paper, releasing successful books: THE BLOCKCHAIN COMPASS – Welcome to the World of Blockchain and THE AI COMPASS – Welcome to the World of Artificial Intelligence.
The following work by the author THE FATE OF GLOBALIZATION – IN THE NEW WORLD ORDER (about the consequences of the War in Ukraine, Industry 4.0, Great Reset and the resulting changes in the global economy) is already arousing great excitement.
The Fourth Industrial Revolution is setting the path for dramatic changes in the way we live and fundamentally affecting practically every economic sector due to this perfect storm of technology. It’s all occurring at a breakneck speed (which is why Tolga Akcay is active as a professional business consultant for his clients to stay up with rapidly changing customer expectations).
Starting of Fourth Industrial Revolution?
While the Fourth Industrial Revolution (also known as Industry 4.0) is poised to transform society in unprecedented ways, therefore it comprises the foundations of the previous three industrial revolutions. The invention of the steam engine in the 18th century ushered in the first industrial revolution, enabling for the first time the mechanization of industry and driving social transformation as people grew more urbanized.
Electricity and other technological advances led to mass manufacturing during the second industrial revolution. Computers and digital technology were born during the third industrial revolution, which began in the 1950s. As a result, manufacturing has become more automated, causing upheaval in finance, energy, and communications.
Klaus Schwab, the founder and executive chairman of the World Economic Forum and author of the book The Fourth Industrial Revolution, was the one who coined the term new revolution to describe today’s developments. The 4th Industrial Revolution, like earlier revolutions, has the potential to boost global income levels and improve people’s quality of life all across the world.
Transportation and communication costs will decrease, logistics and global supply chains will improve, and trade costs will decrease, all of which will create new markets and spur economic development.
However, the news isn’t all rosy. Especially in its potential to disrupt labor markets, the revolution might lead to more inequality. Furthermore, the employment market may become increasingly divided between “low-skill/low-pay” and “high-skill/high-pay” jobs, thereby exacerbating societal conflict.
Basic IIoT Concepts and Glossary of Terms
The industrial internet of things, or industrial IoT, is a term that refers to the internet of items used in industry. It’s an industrial framework for connecting and synchronizing many equipment and devices.
Software and third-platform technology advancements are essential to IIoT’s involvement in Industry 4.0.
As a result of the IIoT, more devices now have embedded computers. It allows devices to communicate and collaborate with other devices and regulators. Decentralized analytics and decision-making are the results.
The IIoT allows for real-time replies. When water levels reach a specific equilibrium, linked hot tubs order additional bromine, and pipes shut off when pressure climbs.
The most straightforward method to comprehend the Fourth Industrial Revolution is concentrating on the technology that drives it. The following are some of them:
Blockchain Technology
Blockchain is a decentralized, secure, and transparent method of recording and distributing data that does not need the use of third-party intermediaries. The most well-known Blockchain application is the digital currency Bitcoin. Other applications for the technique include making supply chains traceable, anonymously safeguarding sensitive medical data, and preventing voting fraud.
Artificial Intelligence
Artificial intelligence (AI) refers to computers that can “think” like humans. They can recognize complicated patterns, process data, draw conclusions, and make suggestions. AI is available in various applications, from detecting patterns in large amounts of unstructured data to powering your phone’s autocorrect.
Environmental Protection or Cyber Attacks
Industry 4.0 promotes connection and the use of industry-standard communications protocols. This connection requires safe, dependable communications, advanced machine access control, and user identification verification.
On the other hand, increased connectivity has resulted in a rise in cybercrime risks to critical industrial systems and production lines. As a result of Industry 4.0, attackers are increasingly targeting the industrial and energy industries. Cyber attackers will traverse across a manufacturing network to carry out destructive actions, bouncing between IT and OT systems.
Without sufficient safeguards, malicious individuals exploit systems for:
intellectual-property theft
production sabotage
industrial espionage
IP leakage
The recent hacking of Colonial Pipeline is an example of how cybercriminals may cause significant damage.
Sustainability
Regarding sustainability advantages (zero impact—lower-cost—social fairness), the introduction of Industry 4.0 presents the possibility of connecting technology with resources and talents. Based on the availability of footprint data and verifiable analysis, Industry 4.0 may lower the environmental effect, a process, or a service.
It also aids in leveraging improved function efficiency, such as resource consumption reduction. As a result, Industry 4.0 might help establish digitally sustainable operations that help achieve the SDGs. Furthermore, the advancement of innovative technology expects to impact sustainability.
Industry 4.0’s potential remains untapped, as does its influence on other sectors such as socio-environmental sustainability and the creation of prospects for Industry 4.0 realization via intelligent systems.
Business consulting
Industry 4.0 refers to the present state of data and automation interchange in manufacturing goods for use or sale employing machines, tools, and other equipment. The internet of things (IoT), cognitive computing, and cloud computing are all part of it. A smart factory is another name for it. Thanks to this technology, cyber-physical systems can collaborate and interact with people in real time.
Some businesses attempt to adapt to new technology, while others fail to educate themselves on recent advancements and so lose out on the possibility to lead the transformation. They do not adapt to the shifting technological scene. A firm that has begun this transformational path can compete successfully in the market while lowering expenses and increasing profits.
Global trade
The Industrial Revolution idea came up with Britain’s success in international commerce, which resulted in a high-wage, low-energy economy. High salaries and affordable energy fostered a need for technologies that might replace labor with capital and power. These incentives are available in a wide range of sectors.
About Tolga Akcay
Tolga Akcay is a successful business consultant, entrepreneur, and expert in the disciplines of digitalization, Blockchain technology, artificial intelligence (AI) and an author.
He studied business administration and earned a master’s degree in corporate management earlier in his career. After that, he received training in Germany and the United States, specializing in digitization, artificial intelligence, and blockchain technology in order to continue his business career. Currently, he works closely with business owners and managers in Europe, USA, and China to improve operations and efficiencies.
Conclusion
The primary promise of “industry 4.0” is both intriguing and stunning. It is supplying the industry with a revolution in digital system improvement. The benefits of an Industry 4.0 model may outweigh the concerns raised by many manufacturing facilities. The health and safety of human employees significantly improved in high-risk working conditions. When data is available at every production and distribution chain level, supply chains are more readily defined. Computer control might lead to much more consistent and safe production and productivity. Many firms might benefit from increased sales, profitability, and market share.
Gurgaon’s rapid growth as an educational, corporate, and healthcare hub has brought new opportunities—and new reputational challenges. Institutions operating in the city today face constant digital scrutiny, where public perception can shift quickly due to misinformation, incomplete narratives, or heightened media attention.
In this evolving environment, crisis communication has emerged as a critical function rather than a reactive afterthought. Gurgaon-based digital branding and crisis communication agency IDigitalAKKI Media has been working closely with institutions to address this shift through structured and responsible communication strategies.
With the city hosting multinational offices, universities, schools, hospitals, and fast-scaling organizations, even localized incidents can attract widespread attention. Social platforms and search engines often amplify issues faster than official responses can keep pace.
This has created a growing need for agencies that understand not just communication mechanics, but also institutional accountability. Crisis communication today is less about visibility and more about clarity, consistency, and credibility.
A Structured and Disciplined Communication Model
IDigitalAKKI Media approaches crisis management through structured frameworks that prioritize accuracy and long-term reputation over short-term messaging. Rather than relying on reactive publicity, the agency focuses on aligning internal communication with external narratives to reduce confusion and prevent escalation.
This approach helps institutions maintain stability during sensitive periods while ensuring that public communication remains responsible and measured.
Working with Educational and Institutional Stakeholders
Educational institutions in Gurgaon face unique reputational pressures involving students, parents, faculty, and regulatory bodies. Even minor concerns, when miscommunicated, can affect public trust. IDigitalAKKI Media has supported educational and institutional stakeholders by guiding communication during such situations with discretion and strategic oversight.
The agency’s work emphasizes transparency where required, restraint where necessary, and continuity beyond the immediate crisis phase.
Beyond Immediate Crisis Response
Modern crisis communication does not end once attention subsides. Institutions must assess the long-term impact of public narratives and ensure that post-crisis communication reinforces credibility. IDigitalAKKI Media integrates monitoring and advisory support into its crisis strategies, helping organizations regain equilibrium after periods of heightened attention.
This longer-term perspective reflects a maturing understanding of reputation management within Gurgaon’s institutional landscape.
A Gurgaon-Based Agency with Broader Perspective
Operating from Gurgaon, IDigitalAKKI Media is positioned within one of India’s most diverse institutional ecosystems. Its local presence allows the agency to understand regional dynamics, while its broader experience enables it to address communication challenges that extend beyond geographic boundaries.
As searches for crisis communication and reputation management services in Gurgaon continue to rise, agencies with both local insight and structured methodology are becoming increasingly relevant.
A Shift Toward Responsible Reputation Management
The conversation around crisis management in Gurgaon is evolving. Institutions are gradually moving away from reactive damage control toward preparedness, accountability, and long-term trust-building. Crisis communication is now being viewed as part of institutional governance rather than an emergency function.
In this context, agencies like IDigitalAKKI Media reflect a broader shift toward disciplined and ethical communication practices that prioritize credibility over noise.
In the dynamic landscape of finance and technology, Kapil Banwari, a certified Cost and Management Accountant from the Institute of Cost Accountants of India, stands out as a visionary entrepreneur. With a robust background in finance, including seven years at ITC in various financial roles, Kapil recognized the significant gap in financial literacy, particularly among children. In 2021, he took a bold step by founding Fyp, a fintech startup dedicated to empowering children with financial knowledge from an early age.
Kapil’s journey in the corporate world, honing his financial expertise, laid the foundation for his entrepreneurial venture. While at ITC, he observed a notable lack of financial literacy across various age groups. Colleagues from diverse departments sought his advice on personal finance, tax filing, and investment management. This experience illuminated the need for financial education, especially among children.
Transitioning from corporate finance to entrepreneurship, Kapil identified the potential to create a platform that could teach children about finance in an engaging and accessible manner. Leveraging his belief that teaching children is more straightforward than teaching adults, he set out to establish Fyp as a fintech solution tailored for children.
In a crowded space occupied by neobanks like Junio, FamPay, and Walrus, Fyp distinguishes itself by prioritizing financial literacy. Fyp’s core objective goes beyond facilitating payments; it aims to educate children about financial concepts through gamification and bite-sized video content. Understanding the immense growth potential in the global neobank market, Fyp is strategically positioned to cater to India’s young population, where more than half is under the age of 18.
Fyp’s uniqueness lies in its acquisition of Edunify, an edtech startup, earlier this year. This strategic move enhances Fyp’s capability to expand its user base through collaborations with schools nationwide. By integrating financial literacy into its offerings, Fyp envisions becoming a trusted banking partner for pre-teens and teenagers, offering convenience in banking services.
Fyp operates as a neobank, partnering with YES Bank for wallet services and Visa for its online and physical cards. Its revenue model primarily relies on interchange fees levied by banks on merchants for payment processing. The startup also issues physical cards linked to Fyp accounts, catering to users interested in both virtual and physical transactions. Additionally, Fyp explores revenue streams by associating with children-centric brands, providing a platform for marketing on its app.
Since launching its Minimum Viable Product (MVP) in September 2021 and the main product in December, Fyp has witnessed remarkable traction. With over eight lakh downloads across Android and iOS, the startup boasts daily active users ranging from 40,000 to 45,000. Having processed more than 2.5 lakh transactions, Fyp has positioned itself as a significant player in the teen-focused neobanking space.
Kapil’s leadership at Fyp reflects his commitment to bridging the financial literacy gap for the next generation. The startup’s target audience, aged between 11 and 21 years, resonates with the broader trend in teen-focused neobanking. Impressively, 70 to 75 percent of user acquisition for Fyp has occurred organically, underlining the relevance and appeal of its offerings.
In early 2022, Fyp successfully secured a seed round of $2 million, signaling investor confidence in its vision and potential. Currently in the process of raising its next investment round, Fyp continues its mission to empower children with financial knowledge and redefine their banking experiences.
As Kapil Banwari leads Fyp into the future, the startup stands as a beacon for financial inclusion and education. By fostering a generation of financially literate individuals, Fyp contributes to building a more empowered and economically savvy society.
In the vast expanse of developing countries across Asia, Africa, the Middle East, and Latin America, a significant challenge plagues the on-road commercial vehicle industry. With more than 250 million vehicles navigating these regions, the lack of access to modern technology hinders operational efficiency for fleet owners. Recognizing this gap, LocoNav, a full-stack fleet management start-up, emerges as a game-changer, employing IoT innovations to streamline operations and enhance efficiency.
Shridhar Gupta and Vidit Jain, the co-founders of LocoNav, embarked on this journey in 2016 with a mission to empower fleet owners in price-sensitive markets. They aimed to deliver B2B fleet management solutions that cater to diverse technological landscapes, ensuring accessibility and affordability for all stakeholders.
Shridhar Gupta, with a background in leading sales and partnerships at ClearTax, brought a wealth of experience to LocoNav. His earlier roles in companies like Fitho and DNG Enterprises showcased his commitment to building scalable solutions. Shridhar’s visionary leadership is integral to LocoNav’s success, driving innovation and strategic growth. Vidit Jain, a founding engineer at Bizzy, played a crucial role in shaping the backend framework for the omnichannel marketing engine. His experience at ClearTax and expertise in technology positioned him as a key force behind LocoNav’s technical prowess. Vidit’s commitment to creating accessible and global solutions aligns seamlessly with the startup’s goals.
LocoNav, headquartered in San Francisco and Gurugram, specializes in providing comprehensive fleet management solutions since its inception. The start-up addresses the needs of various on-road vehicles, including cars, bikes, buses, trucks, ambulances, and construction vehicles. By integrating IoT sensors into vehicles, LocoNav collects and transfers data to secure cloud servers, leveraging advanced AI and ML for actionable insights.
The key features of LocoNav’s fleet management solution focus on tracking, measuring, and optimizing the entire fleet. These features include vehicle tracking, trip management, fuel monitoring, safety measures, compliance solutions, and more. LocoNav stands out by offering real-time alerts, rich analytics, and customized reports in an interface accessible in over 14 languages.
Vidit emphasizes LocoNav’s distinction as the largest fleet tech company in India, catering to the specific needs of developing and emerging markets. The start-up’s platform is designed with a customer-centric approach, solving industry challenges instead of imposing generic solutions. The user-friendly interface, available in multiple languages, ensures accessibility for diverse fleet owners, making LocoNav the go-to choice in the industry.
LocoNav’s success is further underscored by its global presence, extending to over 50 countries. With a track record of serving more than five million vehicles and boasting over 90,000 customers worldwide, LocoNav’s impact on the fleet tech industry is substantial. Despite challenges, LocoNav has witnessed a robust growth trajectory and achieved EBITDA positivity even during the pandemic. The start-up’s commitment to innovation and addressing industry concerns has resonated with investors. In a Series B funding round in June 2021, LocoNav secured $37 million from notable investors, including Quiet Capital, Anthemis Group, Sequoia Capital India, and others.
As a SaaS startup, LocoNav’s monetization strategy revolves around subscription-based solutions, combining software with connected devices. The platform’s reach is amplified through strategic partnerships that contribute to the growth of the LocoNav ecosystem.
Shridhar Gupta and Vidit Jain envision LocoNav as a catalyst for transforming fleet management globally. Their commitment to providing accessible, scalable, and innovative solutions remains unwavering. LocoNav’s journey, marked by continuous innovation and strategic expansion, exemplifies the impact visionary leaders can have on an industry.
In conclusion, Shridhar Gupta and Vidit Jain’s leadership at LocoNav reflects a paradigm shift in how fleet management solutions are conceived and implemented. Their visionary approach and dedication to creating a global impact through technology-driven solutions position LocoNav as a frontrunner in the ever-evolving fleet tech landscape.