How Will the Fourth Industrial Revolution Impact You

Artificial Intelligence, robots, genomics, virtual reality, and many other new technologies are driving the Fourth Industrial Revolution, scultping and reshaping the way we work and live. Since we’ve had had three industrial revolutions already economists and business leaders understand that we’re already seeing the signs that we’ve just started another.

What Is An Industrial Revolution?

An industrial revolution is marked by the convergence of technological evolutions and revolutions across industries that changes business models, products, and life styles. By its nature an industrial revolution is disruptive, creating some new that displaces what exists on a large scale. For example, in the First Industrial Revolution we saw machines replacing skill artisan labor (like cloth making) and simple repetitive labor tasks (cotton picking). New energy or power sources, like the steam engine. New transportation systems like the rail road. In the Second Industrial Revolution we saw the introduction of the assembly line, which forever changed manufacturing. The introduction of the internal combustion engine and automobiles and the rise of the oil industry. The Third Industrial Revolution brought us computerization of tasks and eliminated the needs for secretaries. These are just examples of the disruptions that occurred and there were…