The Fourth Industrial Revolution

An article written by: Lee Sonogan

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“The Fourth Industrial Revolution, finally, will change not only what we do but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we develop our careers, cultivate our skills, meet people, and nurture relationships.” – Klaus Schwab, The Fourth Industrial Revolution 

People’s lives will change when The Fourth Industrial Revolution changes how we will create, exchange and determine values. The digital age of the Third Industrial Revolution is near its end. Technology of current times has the potential to create many positive benefits in the world while many people have their concerns.

Emerging technological breakthroughs in a number of fields will change entire systems of production, management, and governance. Research to reality it is blurring the lines between the physical, digital and the biological. Scientific and technological changes that are changing the way we live and relate to one another.

The Fourth Industrial Revolution or Industry 4.0 will create an interconnection of machines, devices, sensors and people even more than what we have today. The fusion of various types of new technology includes the advancement of artificial intelligence, robotics, nanotechnology, automation, quantum mechanics and much more.

Automation with the Third Industrial Revolution technology has already resulted in people being laid off. And 800 million jobs is said to be lost to automation by the year 2030. You could clearly say that machines now can see better than humans can and are not prone to human error. With artificial intelligence evolving with automation, some jobs will become obsolete and new jobs could develop so quickly that it will be very difficult to keep up with the curb.

Work simply as taxi drivers can be replaced by fully autonomous vehicles. Although this new industrial revolution will have its winners and losers, overall the benefits will improve the quality of life for all people by reducing inequality and improve world economies through a rise in income level. And new services and innovations may be the final stage necessary to sustain a stable society.

In conclusion, the Fourth Industrial Revolution will force us to shape a new future that works by putting people first. This could be achieved by creating more opportunities to do things that machines can’t. Is dedication to “making a living,” really the ultimate good of human existence? Speculating on what could be is even more difficult in modern times. Assumptions of a  meaningful life will change in the future.

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