The good and bad of IR 4.0

Nawi, Noreen Azella (2025) The good and bad of IR 4.0. Accounting Inkwell Quarterly, 2 (1): 12. pp. 38-39. ISSN 3030-5098

Abstract

The Fourth Industrial Revolution, often referred to as IR 4.0, is changing the rhythm of daily life and business. At its heart, the shift fuses smart devices with digital networks to boost speed and output. Artificial intelligence (AI), cloud services, blockchain, modern ERP packages, and nimble fintech tools now impact almost every sector. Whether you order dinner, trace a delivery, or balance a small firm's accounts, IR 4.0 hums quietly in the background. Because of this blend, companies can move faster, think smarter, and trim costs more easily than before. One clear advantage of IR 4.0 is the wave of automation that lifts routine work off human shoulders. Thanks to AI, jobs that once consumed hours can disappear in minutes. In the accounts department, for instance, intelligent apps spot mistakes, draft reports, and sift vast amounts of data with almost zero delay. Modern ERP software pulls numbers from sales, HR, and finance onto a single screen, allowing managers to assess the whole firm at a glance. Cloud storage supports this by keeping files safe and accessible from any corner of the globe, a lifesaver for remote teams. Altogether, these tools reclaim time and reduce the small errors people often make.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Nawi, Noreen Azella
noreen437@uitm.edu.my
Subjects: H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > Technological innovations. Automation
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Data processing. Including accounting machines, automated accounting systems, and accounting software
Divisions: Universiti Teknologi MARA, Kelantan > Machang Campus > Faculty of Accountancy
Journal or Publication Title: Accounting Inkwell Quarterly
ISSN: 3030-5098
Volume: 2
Number: 1
Page Range: pp. 38-39
Related URLs:
Keywords: Artificial intelligence, Business, Cloud computing
Date: 30 June 2025
URI: https://ir.uitm.edu.my/id/eprint/124431
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