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- REVOLUTIONIZE A NEW DECADE
- REVOLUTION | meaning in the Cambridge English Dictionary
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Research shows that in , 14 of the top 30 brands were platform-oriented companies. Perhaps the most discussed driver of inequality is the potential for the Fourth Industrial Revolution to increase unemployment.
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All industrial revolutions create and destroy jobs, but unfortunately there is evidence that new industries are creating relatively fewer positions than in the past. Furthermore, the type of jobs being created in these industries tend to require higher levels of education and specialized study, while those being destroyed involve physical or routine tasks.
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An upward bias to skill requirements disproportionally affect older and lower-income cohorts and those working in industries most prone to automation by new technologies. Source: The Future of Jobs Report. Shifts in employment and skills may also increase gender inequality.
Unemployment due to automation has in the past concentrated in sectors that mostly employ men, such as manufacturing and construction. But the ability to use artificial intelligence and other technologies to automate tasks in service industries puts many more job categories at risk in the future.
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These include jobs that are the source of livelihood for many young female workers and lower-middle-class women around the world, including call centre, retail and administrative roles. The Fourth Industrial Revolution may affect inequality across economies as well as within them. In particular, the increasing flexibility of capital in the form of robots and other advanced manufacturing systems may erode the comparative advantage currently enjoyed by many emerging and developing countries, which are focused on labour-intensive goods and services.
This mix of factors creates the conditions for violent extremism and other security threats enabled by power shifting to non-state actors.
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Furthermore, the strategic space for conflict is changing. The rapid spread of digital infrastructure thanks to the Third Industrial Revolution means that during the Fourth Industrial Revolution, cyberspace is now as strategic a theatre of engagement as land, sea and air. The technologies of the Fourth Industrial Revolution also offer expanded capabilities for waging war which are increasingly accessible to both state and non-state actors, such as drones, autonomous weapons, nanomaterials, biological and biochemical weapons, wearable devices and distributed energy sources.
On the frontier of emerging military technologies are those that interact directly with the human brain to augment or even control soldiers. Even these are not limited to government military programmes. Such security fears are further augmented by the fact that a proliferation of dual-use technologies available to a wider range of actors makes it much harder to put into place international agreements and norms to support the peaceful resolution of conflicts.
The security challenge of the Fourth Industrial Revolution will be one of coordinating large numbers of potentially lethal private and public sector actors in multiple strategic and cultural contexts. A difficult task indeed. In addition to concerns around rising inequality and threatened security, the Fourth Industrial Revolution will also affect us as individuals and members of communities. Already, digital media is increasingly becoming the primary driver of our individual and collective framing of society and community, connecting people to individuals and groups in new ways, fostering friendships and creating new interest groups.
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Furthermore, such connections transcend many traditional boundaries of interaction. Unfortunately, expanded connectivity does not necessarily lead to expanded or more diverse worldviews. Paradoxically, the dynamics of social media use can serve to narrow available news sources. It is important that the emerging technologies of the Fourth Industrial Revolution increase diversity and the potential for collaboration rather than driving polarisation.
Emerging technologies, particularly in the biological realm, are also raising new questions about what it means to be human. The Fourth Industrial Revolution is the first where the tools of technology can become literally embedded within us and even purposefully change who we are at the level of our genetic makeup. It is completely conceivable that forms of radical human improvement will be available within a generation, innovations that risk creating entirely new forms of inequality and class conflict.
REVOLUTION | meaning in the Cambridge English Dictionary
If we have the courage to take collective responsibility for the changes underway, and the ability to work together to raise awareness and shape new narratives, we can embark on restructuring our economic, social and political systems to take full advantage of emerging technologies. The complexity of the technologies driving the Fourth Industrial Revolution and the breadth of their impact means that all stakeholder groups to work together on innovative governance approaches.
As Andrew Maynard from the Risk Innovation Lab points out , we should learn from, implement and extend thoughtful approaches to dealing with the intersection of technology and society such as anticipatory governance and responsible innovation , supporting widespread reflection on the development, commercialisation and diffusion of current and emerging technologies. The goal of this reflection is naturally to ensure that emerging technologies and the Fourth Industrial Revolution improve lives in as broad-based and meaningful a way possible.
However, even greater possibilities could emerge from bringing stakeholders together in new ways to discuss the future of technology and society. World Economic Forum articles may be republished in accordance with our Terms of Use. The views expressed in this article are those of the author alone and not the World Economic Forum.
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Global Agenda What is the fourth industrial revolution? A new era is beginning that builds and extends the impact of digitization in unanticipated ways. Those who thrive here are instinctively rebellious torchbearers of innovation. The Revolution Hotel embodies the same spirit and is compactly, creatively designed for a new era of traveler. The Revolution Hotel lives at the intersection of Berkeley St. Brick-row architecture is a staple of the neighborhood as are the s speakeasies that sprinkle the nearby streets.
Book Now All Offers. Treat yourself to an extended stay. From Pillow Menus to pet-friendly perks, the whole family is guaranteed to be pampered. Traveling with your whole squad?
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Bunk up together in a Triple or a Quad room. Once the whole fam is beat, come back and cuddle up with a classic bedtime story. Revolutions have been shaped by the hands of countless creatives. As avid supporters of the never-stop-learning movement, we are offering students and educators no-brainer rates on discounted accommodations. Get your skate on this winter at Time Out Market while staying cozy in a Revolution beanie and handwarmers. Once you nail your double axle, warm up with cocktails at Cosmica.