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Fourth Industrial Revolution

Column

Starting Date @November 12, 2021

Theme 8

Introduction
The concept of the Fourth Industrial Revolution was coined in 2016 by Klaus Schwab, the founder of
the World Economic Forum

The Fourth Industrial Revolution ($IR) has become a global phenomenon

It has been described as the fourth major industrial era

It is characterized by the fusion of the digital, biological and physical worlds

It includes the growing utilization of new technologies-artificial intelligence, cloud computing, robotics,
3D printing, the Internet of Things( IOT) and wireless technologies

The 4IR impacts all disciplines, industries and economies

It creates a massive change in a non-linear way at extraordinary speed

Artificial Intelligence
Is one of the key technologies in the transformation of the economy, society and labor market

Internet of Things
Designed to establish a connection between the physical and digital worlds, and has revolutionized
numerous sectors. Many devices are already interconnected and more devices are becoming smart

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 Cobots
Robotics and the cobots are constantly evolving. They are designed to interact physically with humans in
collaborative environments. They optimize production and save employees from doing monotonous and
dangerous tasks

Augmented Reality and Virtual Reality

Are technologies that combine the real world and the digital world using computer science thus enriching
the visual experience of both users and consumers by generating immersive experiences

Big Data
Information is power. Big data allows massive data management and interpretation for business
purposes, which is particularly relevant when devising business strategies or making decisions

3D and 4D Printing
The developments of prototypes or products for sale are done quickly, accurately and economically with
3D and 4D printing

When There are Major Technological Changes

The way we work, buy and sell things

The way we travel

The way we live

4IR
Advantages of the 4IR
Higher productivity

Improved quality of life

New markets

Lower barrier to entrepreneurship

Disadvantages of 4IR
Inequality

Cybersecurity risk

Core industries disruptions

Ethical issues

Ethical Issues
The 4IR raises a number of ethical questions:

Data privacy

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 Responsibility for autonomous drones and vehicles

Bioethics of genetic modifications

Societal and developmental impacts of social media and Internet use on individuals and
populations

Conclusion
The 4IR is no longer just a theory - it is happening

Technology is progressing at an unprecedented pace

As country and users of technology, we will need to adapt to this rapidly changing world

Education as we know it will change

Workplace learning, life-long learning will be required to keep up

As a country we need to develop an inclusive environment to benefit from this change

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