The Fourth Industrial Revolution
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The document reviews Klaus Schwab's book on the Fourth Industrial Revolution, which is characterized by a fusion of physical, digital, and biological technologies. It discusses significant megatrends such as autonomous vehicles, 3D printing, and advances in biotechnology, highlighting their impact on the economy, business, and society. Additionally, it emphasizes the need for adaptation in skills, employment, and governance in response to rapid technological changes.
The Fourth Industrial Revolution
- 1. THE 4th INDUSTRIAL REVOLUTION B O O K R E V I E W K . S C H W A B , W O R L D E C O N O M I C F O R U M
- 2. K. Schwab Founder and Executive Chairman, World Economic Forum “We are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to one another”
- 3. Steam Electricity Computing Cognification The First Industrial Revolution used water and steam power to mechanize production. The Second Industrial Revolution used electric power to create mass production. The Third Industrial Revolution used electronics and information technology to automate production. The Fourth is characterised by a fusion of technologies (physical, digital, and biological) 1th. 2th. 3th. 4th. 1784 1870 1960 ????
- 5. Physical trends are the easiest to see because they are tangible: • Autonomous vehicles: trucks, cars, drones, aircrafts, boats, etc.. • 3D printing: (additive manufacturing) used in a broad range of applications from large (turbines) to small (medial implants). • Advanced robotics: more adaptive and flexible, with advanced sensors, they can understand and respond in a better way. • New materials: lighter, stronger, recyclable, adaptive, smart (eg. self-cleaning) Physical MEGATRENDS
- 6. Some of these trends are a bridge between physical and digital: • IoT: (internet of things) a relationship between things (products, services, places, etc.) and people. • Blockchain: new approaches for engagement and collaboration, blockchain creates trust without a neutral central part. • Platforms: matching supply and demand in a very accessible way. Digital MEGATRENDS
- 7. Progress has been achieved in reducing costs. • Genome: today a genome can be sequenced in a few hours (more then 10 years and €2.7Billion to complete Human Genome Project). • Synthetic biology: customising organism by writing DNA. • Data: increase medicine precision with targeted therapies. Biological MEGATRENDS
- 9. Critical dimensions: • Growth: technology and innovation are at an inflection point and will soon unleash a surge in productivity. • Employment: new technologies will dramatically change the nature of work across all industries. • New Skills: low-risk jobs in term of automation will be those that require decision making under uncertainty. • Nature of work: workforce will do a portfolio of things to generate income. ECONOMY IMPACT 01.
- 10. “The velocity of disruption and the acceleration of innovation are hard to comprehend or anticipate” K. Schwab Founder and Executive Chairman, World Economic Forum
- 11. Aspects to understand: • Customer expectations: moving to a world of continuous adjustment and refinement while ensuring that the human dimension to the interaction remains at the heart of the project. • Data-enabled products: continuous learning from data and analytics. • New Collaborations: not only marketing partnerships but real collaborations. • New operating models: always in “beta” This now-world requires companies to respond in real time wherever they are. BUSINESS IMPACT 02.
- 12. “Businesses, industries and corporations will face continuous Darwinian pressures and as such, the philosophy of “always in beta” (always evolving) will become more prevalent.” K. Schwab Founder and Executive Chairman, World Economic Forum
- 13. Disruptive changes are redefining how public institutions and organisations operate. In the “old world” decision makers had enough time to study a specific issues and then create the necessary response. Technology will increasingly enable citizens providing a new way to voice their opinions. Cities need to act like entrepreneurs, they have to compete in attracting talents. NATIONAL IMPACT 03.
- 14. “Governments should be essential partners in shaping the transition to new scientific, technological, economic and societal frameworks” K. Schwab Founder and Executive Chairman, World Economic Forum
- 15. The biggest challenge for society is how to absorb and accommodate the new modernity while still embracing traditional values. Belonging to a community today is more defined by personal projects and individuals values rather than by spaces, work or family. One effect of digitalisation is the emergence of the ”me-centered" society. SOCIETY IMPACT 04.
- 16. H. Simon Nobel Prize in Economics “A wealth of information create a poverty of attention.”
- 17. The fourth industrial revolution is not only changing what we do but also who we are. It will change our identity in many aspects: • behaviours • privacy • ownership • consumptions • time for work • time for leisure • etc. INDIVIDUAL IMPACT ARTIFICIAL POWER 05.
- 18. “In an age of acceleration, nothing can be more exhilarating than going slow. And in an age of distraction, nothing is so luxurious as paying attention” P. Iyer Global author
- 19. World Economic Forum - Official website https://www.weforum.org SOURCES Why Everyone Must Get Ready For The 4th Industrial Revolution http://www.forbes.com/sites/bernardmarr/2016/04/05/why-everyone-must-get-ready-for-4th-industrial-revolution/#73225f6d79c9 The Fourth Industrial revolution - Book https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab The Fourth Industrial revolution - Documentary https://www.youtube.com/watch?v=kpW9JcWxKq0
- 20. T H A N K Y O U @lameraluca lucalamera