Fourth Industrial revolution, Advantages &Perils


Our future according to Yuval Noah Harari, a lecturer at the Hebrew University in Jerusalem, in his new book “Homo Deus” says ” more of us will be pushed out of employment by intelligent robots and on to the economic scrap heap”. Yes, we are on the cusp of imminent change with the advent of fourth industrial revolution catching momentum in the most advanced economies. Preceding to this we as human beings had traversed three successive revolutions each one was better than the later, because of our quest to better our lives by increasing the production commensurates with the ever increase in demand. The First industrial revolution took place between 18th and 19th century which marked the beginning of agrarian society becoming industrial and Urban along with invention of steam engine, The second industrial revolution between (1870 and 1940) characterised by steel, oil, electricity & internal combustion engine had helped in mass production and followed by Third industrial revolution started in 1980’s which was significant in many ways using the power of technology, internet and achievements in the sphere of  information technology space.

Fourth Industrial revolution

In the fourth industrial revolution is going to surpass everything that we could ever think of. It represents a fundamental change in the way we live, works and relates to one another. The beginning of new chapter enabled by extraordinary advances in technology. These advances merge the capabilities of the physical, digital and biological world. The immense potential throws out the huge promise and its potential peril. Perhaps in future, we can look beyond it as not just technology per se but an opportunity to improve the conditions of everyone with an inclusive approach.

Disruption to jobs and Skills.

The disruptions to existing models will create a huge impact on jobs ie means opportunity for new kind of jobs as well as the displacement of existing jobs. It could create a positive impact on gender parity, use of AI and Robotics and also has the potential to make the mobility more robust.

Innovation and productivity

The traditional models failed in measuring the capabilities hence cannot be actually measured. At present more than two billion remains disconnected from the global economy, But once the Fourth Industrial starts running in its full steam these disparities and gaps could be narrowed by increasing the productivity in an equitable manner.

Inequality

As per the Global Wealth Report published by Swiss bank Credit Suisse in 2015, Richest 1% of the global population controls half of all of the assets in the world. while the bottom half of the population held less than 1% of all wealth. Even those regions in the world were economic growth picked up has seen increased stress and inequality. So it remains to be seen how far fourth industrial revolution could usher rapid change in the society.

Agile Governance

The power of fourth Industrial revolution can be harnessed by governance for delivering better governance which is more accessible and helps in increasing transparency and trust. On the flipside, it can also threaten the social contract between the government and citizens.

Security and conflict

The Fourth Industrial Revolution can affect the scale and nature of conflicts. Meanwhile, new technologies are making the battlefield increasingly local and as well as global. Terrorist groups use the social media to recruit fighters to fight against the state. The combination of traditional battlefield techniques with technology is making modern conflicts more hybrid in nature. So future wars can disrupt the communication systems and narrow the line between war and peace.

Business disruption

Future disruptions in the existing business models will be a shift towards new kind of relationship between customer and business models. The new kind relationship is going to be nothing but all time connected model leveraging the power of mobile communications.WhatsApp mobile messaging service reported that its users were sending 42 billion messages every day. The Alibaba Chinese internet commerce giant Alibaba completed $14 billion online transactions on a single day through Mobile device.

Fusing Technologies

The Fourth Industrial Revolution marks the beginning of the fusion of technologies and growing harmonisation of different disciplines, The technologies like Virtual Augmented reality, 3d Printing, sensors, Biotechnology, Blockchain, Artificial Intelligence and robotics etc.

Ethics and Identity

Fouth industrial revolution triggered new changes in disciplines like biotechnology and AI, also redefining the limits of lifespan, health, cognition and other capabilities which were once considered as a fiction. In 2010 University of Michigan Institute for Social Research identified that nearly 40% decline in empathy among college students compared with their counterparts 20 or 30 years before.

 

Advertisements

Popular News aggregators.


news-aggregatorTechnology has been the  best enabler and  continuous to be  the one   in the world of evolving disruptive ideas and innovations. Every smartphone users  cannot think of putting their hands on their phone without having apps  installed  on their mobile devices . If you rephrase this statement the apps have given  smartphones that invincible hand of facilitating   a  completely different user experience. News aggregator apps are one such which gives readers the short and crisp curated  news content from all  available sources  from  web, podcast , blogs& vlogs .  There are many of them doing the rounds both android and Ios based . In the world  of busy lifestyle, these new aggregators provide news from across the globe on a single platform which is delivered to you in short and crisp manner, later on,  if you want to get detailed perspective on particular  news you can browse through the original source from where that  news got originated.

Why I felt news aggregators useful to me?

I felt news aggregator very useful to  me with informative content which helps me to keep tab of the major  happenings from all walks of life. Everything you read from you daily doses of  newspaper reading may not arouse interest in you , but certainly certain news might be of great interest to you, same news carries different perspective in some other medias. So this news aggregator has an intrinsic algorithm which brings right information for the readers .Yes, this sounds really good and worthwhile,  I  get news from all areas where I can  flip through easily  one after the other. Everyone has their  preferences  be it  politics , sports , Films, and books, sometimes you get to see videos with content which can be viewed effectively to make your eyes get glued on the video with curiosity.

Aggregate on what basis?

The importance of aggregation revolves on two fulcrums  , identifies what is the relevant news content and important part of that news. So readers don’t miss the content which is relevant to their areas of interest and also gets to know cream of the original content .

Building loyalty and trust

If you deliver valuable and pertinent   content  to readers , in turn, develops trust and loyalty among the readers who consume the content. Once you establish that strong  bonding with readers you can exploit the opportunities to place relevant ads on it . So  the scope  generating  significant revenue is the next possible option to sustain with the business model.

 News aggregators which caught my attention are the following

  • Google news

  • Flipboard

  • InShorts

  • Smart news

  • Crisp news

Visit blogadda.com to discover Indian blogs