The 4^th industrial revolution is upon us – and it is taking place at all levels.

The 1^st industrial revolution was characterized by mechanization using water power and steam engines.

The 2^nd industrial revolution brought mass production powered by electricity, driven by oil-based power.

The digital revolution or 3^rd industrial revolution started 50 years ago and it is now coming to an end as the 4^th industrial revolution takes form, and it does so increasingly fast:

This 4^th industrial revolution is building on the digital revolution, strongly emphasizing both intelligence and information. Big data, cloud computing and artificial intelligence are now driving the global economy, as technology and information grow and explode exponentially. All communication is being reinvented and in this age, it is all about connectivity. Every person is being connected to every thing, man and machine intertwine, any time, any place. In the Internet of Things, Smart Cities are created and will be connected with each other. Cryptocurrencies are on the rise, employing blockchain technology. As artificial intelligence is always evolving and changing like a vibrant living body, now the time has come to adjust our portfolios, business models and services for the next wave of technologies that will run our future global economy.

We advise our clients in all legal matters in this age of digital transformation and AI transformation, providing the necessary updates to your contracts, embodying the necessary and only the necessary new legal requirements, and we adjust your company’s contract management to cloud based business models such as Software as a Service, be it as contractor or customer of digital technologies.