Knowledge@Risk.

4 th Industry Revolution Defined The term 4 th industry is a widely used term, can be considered as the recent trend in which automation and data exchange in terms of manufacturing technologies. The 4 th Industrial revolution includes cyber-physical systems, Internet of things, Artificial Intelligence which can be considered as cloud computing and cognitive computing. It can also be referred to as Industrie 4.0. it continues to grow within industries. 4 th Industry Revolution Background It is stated that the first to the third industry has taken place for over 200 years, the first industrial revolution that took place was more focused on mechanical looms which were driven by steam engines, the second industry took place about 100 years later in the slaughterhouses, climaxing at the production of the Ford Model T, and the third took place in 1967 which led to the first programmable logic controller which allowed automation systems to take place. While the 4 th and curre

Knowledge Harvesting Most companies have integrated Knowledge Harvesting within their working environment, Knowledge harvesting provide companies with numerous benefits. Having Knowledge harvesting integrated within an organisation is essential as it allows organisations to capture any tacit knowledge that individuals possess thus allowing it to be kept within the organisations institutional memory. This allows other people to use this knowledge to make informed decisions. Different organisations use different programs to ensure that knowledge within in the organisations isn’t lost, allowing for people to use it.  Organisations need to identify mature and retiring employees who possess knowledge and thus get them to share the knowledge that they have leading to knowledge retention. Programs such as the process-oriented knowledge risk map are essential in for SMEs, as they provide organisations with the advantage of identifying all the required knowledge which is essen