Luxury 4.0: A new concept that is secretly reshaping luxury marketing
By Yahong Zhang | April 28, 2020

Characterized by advanced technologies such as big data, smart factories, 3d technology, Artificial Intelligence, the internet of things, robots, advanced algorithms and machine learning, the 4th industrial revolution is happening as we speak and is triggering changes in industries and reshaping the way that companies manufacture products and the way that customers search for, engage with and shop for products.
The main driver of Industry 4.0 is the digitization and integration of vertical and horizontal value chains, of product and service offerings and of business models and customer access. Ultimately, Industry 4.0 will be fueled by the desire of companies to digitize as many components of their business as possible using breakthrough technologies.
As is anticipated, Industry 4.0 enables companies to digitize and automate their businesses, while reducing the involvement of human workers in actual production processes, thus increasing both productivity and profits.
In such a context, luxury marketers are expected to take their industries to the next level by ensuring that digitization becomes a source of smooth and personalized customer experiences.



