The fourth industrial resolution
The Fourth industrial revolution (4IR) is the fourth major industrial era since the initial revolution of the 18TH century, it expands on the third, the Digital revolution. Klaus Schwab (2016, s.a.) defines it as a range of new technologies that combines the physical, digital and biological worlds, consequently impacting all disciplines, economies and industries. In this assignment, I will investigate firstly the impact of the 4IR on employment, education, business and the government, secondly the Pros and cons of this revolution and lastly how all disciplines, economies and industries can better prepare for this Technological revolution.
Impact on jobs and education
According to economists, Erik Brynjolfsson …show more content…
Advances in technology will create the potential to reduce the scale of violence, through the development of new modes of protection. Advances in technology are just what the Republic needs with the crime rate and corruption skyrocketing more especially in the offices that govern the country affecting the society. The Government will also face more pressure than ever before from Taxpayers while relying upon more systems to oversee the nation.
Pros and Cons
As per Klaus Schwab the Pros and Cons are as follows;
• Raise salaries and improved quality of life for people everywhere
• New products and services that increase efficiency and individual prosperity.
• Lowered costs for transport, business and communications
• Greater efficiency for supply chains
• The cost of trade will diminish, all of which will open new markets and drive economic growth.
Cons on the other hand are as follows:
• Greater global inequality due to the disruption of the job …show more content…
Alvin Toffler, argued on his book ‘Future shock’ that “the illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn”. Technology is continuously advancing, with new developments it is imperative the that all businesses, governments and individuals see the need to anticipate and prepare for future skills requirements, job content and the aggregate effect on employment. Companies, governments and society at large need adapt a quick solution that is sustainable that in which everyone will be able to add value to society and
The Fourth industrial revolution (4IR) is the fourth major industrial era since the initial revolution of the 18TH century, it expands on the third, the Digital revolution. Klaus Schwab (2016, s.a.) defines it as a range of new technologies that combines the physical, digital and biological worlds, consequently impacting all disciplines, economies and industries. In this assignment, I will investigate firstly the impact of the 4IR on employment, education, business and the government, secondly the Pros and cons of this revolution and lastly how all disciplines, economies and industries can better prepare for this Technological revolution.
Impact on jobs and education
According to economists, Erik Brynjolfsson …show more content…
Advances in technology will create the potential to reduce the scale of violence, through the development of new modes of protection. Advances in technology are just what the Republic needs with the crime rate and corruption skyrocketing more especially in the offices that govern the country affecting the society. The Government will also face more pressure than ever before from Taxpayers while relying upon more systems to oversee the nation.
Pros and Cons
As per Klaus Schwab the Pros and Cons are as follows;
• Raise salaries and improved quality of life for people everywhere
• New products and services that increase efficiency and individual prosperity.
• Lowered costs for transport, business and communications
• Greater efficiency for supply chains
• The cost of trade will diminish, all of which will open new markets and drive economic growth.
Cons on the other hand are as follows:
• Greater global inequality due to the disruption of the job …show more content…
Alvin Toffler, argued on his book ‘Future shock’ that “the illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn”. Technology is continuously advancing, with new developments it is imperative the that all businesses, governments and individuals see the need to anticipate and prepare for future skills requirements, job content and the aggregate effect on employment. Companies, governments and society at large need adapt a quick solution that is sustainable that in which everyone will be able to add value to society and