The Role of Governments In Sustaining The 4th Industrial Revolution
1 like•155 views
The document discusses the challenges and responsibilities governments face in adapting to the Fourth Industrial Revolution (4IR) and the implications of technological advancements such as automation, IoT, and autonomous vehicles. It emphasizes the need for policy shifts that promote environmental sustainability, social trust, and innovation to maintain public value and economic stability. Ultimately, it highlights that successful adaptation and investment in research and development are crucial for governments to lead in a rapidly evolving technological landscape.
The Role of Governments In Sustaining The 4th Industrial Revolution
- 1. Government with the people. “Government of the people, by the people, for the people, shall not perish from the earth.” Abraham Lincoln [email protected] (4th Industry Consulting)
- 2. Topics Understanding Industrial Revolution Forces of Change Understanding the concerns and expectation Understand the stakeholder’s pillars Practicing change and shifts Impact and policy changes Sustainable Growth Trends
- 3. Concerns! Governments face modernization challenges 01 Cannot keep up with citizens in digital age and there forward 02 Methods of merely providing infrastructure, law and order and social welfare, etc. is no longer enough 03 Governments that do not change in the digital age will face risk of being sidelined in critical industrial shifts 04
- 4. Result From a service provider to an inclusive government Achieve results with citizen From consumer citizens to value creator citizens A government that creates public value
- 7. What do industry revolutions have in common? They shape every aspect of our lives The give rise in economy, build economic leaders Betterment of humanity Short term job disruption, long term exponential job increase IR 1 gave rise to 2, 3 gave rise to 4, and so on First and fast adaption lead top most economically flourished,
- 8. Stakeholders of IR4 Governments Academia Civil society Businesses
- 10. What is this? • It’s not just a fancy touch phone • It represent a trillion-dollar industry • It has revolutionized the way we consume data • It changed governments • It created organized criminal rings • It made big fake news bigger than reality (flatearth, anti-vaxx) • But also It represents one in many pillars of opportunity as a result of the 3rd encroaching 4th industrial revolution
- 12. Focus areas
- 15. autogenous
- 19. Ingraining Ideas
- 20. Risk
- 22. 4 points in polishifting
- 23. Recap on a why the need for shift in policy making in the 4th IR Adapt to speed of technology Take care of trust in society Integrate innovation that cares for environmental and social impact Consideration for transnational or cross border impact
- 24. AI and automation impact • Consequences • Job reduction due to automation • Tech forcing prices down • Tax base erodes • Algorithm biases • Beckoning policy • How to keep workforce that will be affected • Tax re-evaluation and reconsideration. Automation of taxing system • Universal basic income • Policy on ethics
- 25. IoT and its impact • Consequences • Rise in energy use • Disposing of equipment • Data breach and cyber security issues • Network stability and risk of critical sensors going down • Beckoning policy • IoT energy policy • Promotion of reusable and natural sources of energy • IoT central security and privacy policy • The concept of upcycle instead of recycle
- 26. Autonomous vehicles (AV) and its impact • Consequences • Job loss, industry collapse, low skilled worker impact • Increased in car travel exponentially and disrupting mass transport • Environmental effect on combustion-based engines • Real estate prices could change dramatically • Cyberthreat • Beckoning policy • Retraining of taxi drivers etc • Promotion, subsidies and incentivize electric vehicles that are AV • Cities strategies to cater for AV • The concept of upcycle instead of recycle • AV policy on cybersecurity • Guidelines on liability implications, route management
- 27. The Moral Machine Conundrum; MIT Tech Review
- 28. Drones • Consequences • Breach private spaces of civilians • Noise pollution • Spying or attack • Job loss • Beckoning policy • Drone licensing framework • Aviation regulators to include in its guidelines • HSE framework
- 29. Cloud • Consequences • Big datacenters are power hungry to run it and cool it • Cybersecurity risk as sweeping cloud services breaches affects all users • Beckoning policy • Encourage use of natural resources to power DCs, e.g. Microsoft, Google • Working with RSA-Cloud Security Alliance to build proper and strict guidelines
- 30. Government’s Role in Sustainable Development Government have a critical role to play for 4IR to succeed in Malaysia Historically, successful economies depend on its government that spend big for R&D Can afford failure Can catalyze measure to consider for environmental, social and the economic Policy mechanisms can be put in place Market based measures Regulation Direct action
- 31. Fostering innovation, everywhere ENERGY – E.G. AI AND ML OPTIMIZED POWER PLANTS TRANSPORT – ADVANCED MATERIALS, NANO/GRAPHENE- BASED ENERGY SOURCES MANUFACTURING – USE OF IIOT WITH AI, ROBOTICS, VIRTUAL REALITY, DRONES AND ADVANCED MATERIALS RETAIL – REDUCTION OF BRICK AND MORTAR STORES INTO VIRTUAL SHOPPING COMPLEXES, GLOBAL EXCHANGE OF GOODS AND SERVICES THROUGH BLOCKCHAIN FINANCE – USE OF AI AND BLOCKCHAIN AND IOT