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To browse Academia. edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser. Skip to main content. edu no longer supports Internet Explorer. Log In Sign Up. Download Free PDF. The Fourth Industrial Revolution Klaus Schwab. Animeid Mg. Download PDF. Download Full PDF Package This paper. A short summary of this paper. READ PAPER. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, best binary option robot quora transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the World Economic Forum.
The Fourth Industrial Revolution 1. Drivers 2. Impact 3. Implantable Technologies 2. Our Digital Presence 3. Vision as the New Interface 4. Wearable Internet 5.
Ubiquitous Computing 6. A Supercomputer in Your Pocket 7. Storage for All 8. The Internet of and for Things 9. The Connected Home Smart Cities Big Data for Decisions Driverless Cars Artificial Intelligence and Decision-Making AI and White-Collar Jobs Robotics and Services Bitcoin and the Blockchain The Sharing Economy Governments and the Blockchain Designer Beings We are at the beginning of a revolution that is fundamentally changing the way we live, work, and relate to one another.
In its scale, scope and best binary option robot quora, what I consider to be the fourth industrial revolution is unlike anything humankind has experienced before. We have yet to grasp fully the speed and breadth best binary option robot quora this new revolution. Consider the unlimited possibilities of having billions of people connected by mobile devices, giving rise to unprecedented processing best binary option robot quora, storage capabilities and knowledge access.
Or think about the staggering confluence of emerging technology breakthroughs, covering wide-ranging fields such as artificial intelligence AIrobotics, the internet of things IoTautonomous vehicles, 3D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing, to name a few. Many of these innovations are in their infancy, best binary option robot quora, but they are already reaching an inflection point in their development as they build on and amplify each other in a fusion of technologies across the physical, digital and biological worlds.
We are witnessing profound shifts across all industries, marked by the emergence of new business models, best binary option robot quora, the disruption1 of incumbents and the reshaping of production, consumption, transportation and delivery systems. On the societal front, a paradigm shift is underway in how we work and communicate, as well as how we express, inform and entertain ourselves.
Equally, governments and institutions are being reshaped, as are systems of education, healthcare and transportation, among many others. The changes are historic in terms of their size, speed and scope. While the profound uncertainty surrounding the development and adoption of emerging technologies means that we do not yet know how the transformations driven by this industrial revolution will unfold, their complexity and interconnectedness across sectors imply that all stakeholders of global society — governments, best binary option robot quora, business, academia, and civil society — have a responsibility to work together to better understand the emerging trends.
Shared understanding is particularly critical if best binary option robot quora are to shape a collective future that reflects common objectives and values. We must have a comprehensive and globally shared view of how technology is changing our lives and those of future generations, and how it is reshaping the economic, social, cultural and human context in which we live.
The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril. My concern, however, is that decision-makers are too often caught in traditional, linear and non-disruptive thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future.
I am well aware that some academics and professionals consider the developments that I am looking at as simply a part of the third industrial revolution, best binary option robot quora. Three reasons, however, underpin my conviction that a fourth and distinct revolution is underway: Velocity: Contrary to the previous industrial revolutions, this one is evolving at an exponential rather than linear pace.
This is the result of the multifaceted, deeply interconnected world we live in and the fact that new technology begets newer and ever more capable technology. Breadth and depth: It builds on the digital revolution and combines multiple technologies that are leading to unprecedented paradigm shifts in the economy, business, best binary option robot quora, society, and individually.
In writing this book, my intention is to provide a primer on the fourth industrial revolution - what it is, what it will bring, how it will impact us, and what can be done to harness it for the common good, best binary option robot quora. This volume is intended for all those with an interest in our future who are committed to using the opportunities of this revolutionary change to make the world a better place.
I have three main goals: — to increase awareness of the comprehensiveness and speed of the technological revolution and its multifaceted impact, — to create a framework for thinking about the technological revolution that outlines the core issues and highlights possible responses, and — to provide a platform from which to inspire public-private cooperation and partnerships on issues related to the technological revolution.
Above all, this book aims to emphasize the way in which technology and society co-exist. Technology is not an exogenous force over which we have no control. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world.
The more we think about how to harness the technology revolution, the more we will examine ourselves and the underlying social models that these technologies embody and enable, and the more we will have an opportunity to shape the revolution in a manner that improves the state of the world. Shaping the fourth industrial revolution to ensure that it is empowering and human-centred, rather than divisive and dehumanizing, is not a task for any single stakeholder or sector or for any one region, industry or culture.
The fundamental and global nature of this revolution means it will affect and be influenced by all countries, economies, sectors and people. It is, therefore, critical that we invest attention and energy in multistakeholder cooperation across academic, social, political, national and industry boundaries.
These interactions and collaborations are needed to create positive, common and hope-filled narratives, enabling individuals and groups from all parts of the world to participate in, and benefit from, the ongoing transformations. Thus, this book also provides a framework for shaping the future activities of the World Economic Forum.
I have also drawn from numerous conversations I have had with business, government and civil society leaders, as well as technology pioneers and young people. This book is organized in three chapters. The first is an overview of the fourth industrial revolution.
The second presents the main transformative technologies. The third provides a deep dive into the impact of the revolution and some of the policy challenges it poses. I conclude by suggesting practical ideas and solutions on how best to adapt, shape and harness the potential of this great transformation. Revolutions have occurred throughout history when new technologies and novel ways of perceiving the world trigger a profound change in economic systems and social structures.
Given that history is used as a frame of reference, the abruptness of these changes may take years to unfold. The first profound shift in our way of living — the transition from foraging to farming — happened around 10, years ago and was made possible by the domestication of animals. The agrarian revolution combined the efforts of animals with those of humans for the purpose of production, transportation and communication. Little by little, food production improved, spurring population growth and enabling larger human settlements.
This eventually led to urbanization and the rise of cities. The agrarian revolution was followed by a series of industrial revolutions that began in the second half of the 18th century, best binary option robot quora. These marked the transition from best binary option robot quora power to mechanical power, evolving to where today, with the fourth industrial revolution, enhanced cognitive power is augmenting human production, best binary option robot quora.
The first industrial revolution spanned from about to around Triggered by the construction of railroads and the invention of the steam engine, it ushered in mechanical production. The second industrial revolution, which started in best binary option robot quora late 19th century and into the early 20th century, made mass production possible, fostered by the advent of electricity and the assembly line.
The third industrial revolution began in the s. It is usually called the computer or digital revolution because it was catalysed by the development of semiconductors, mainframe computing spersonal computing s and 80s and the internet s.
It began at the turn of this century and builds on the digital revolution. It is characterized by a much more ubiquitous and mobile internet, by smaller and more powerful sensors that have become cheaper, and by artificial intelligence and machine learning, best binary option robot quora. Digital technologies that have computer hardware, software and networks at their core are not new, but in a break with the third industrial revolution, they are becoming more sophisticated and integrated and are, as a result, transforming societies and the global economy.
This enables the absolute customization of products and the creation of new operating models. The fourth industrial revolution, however, is not only about smart and connected machines and systems. Its scope is much wider. Occurring simultaneously are waves of further breakthroughs in areas ranging from gene sequencing to nanotechnology, from renewables to quantum computing.
It is the fusion of these technologies and their interaction across the physical, digital and biological domains that make the fourth industrial revolution fundamentally different from previous revolutions. In this revolution, emerging technologies and broad-based innovation are diffusing much faster and more widely than in previous ones, which continue to unfold in some parts of the world. The spindle the hallmark of the first industrial revolution took almost years to spread outside of Europe.
By contrast, the internet permeated across the globe in less than a decade. Still valid today is the lesson from the first industrial revolution — that the extent to which society embraces technological innovation is a major determinant of progress.
The government and public institutions, as well as the private sector, best binary option robot quora, need to do their part, but it is also essential that citizens see the long-term benefits.
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