Doing More With Less

Author(s):  
Carlos Hernán Fajardo-Toro ◽  
Andrés Aguilera-Castillo ◽  
Mauricio Guerrero-Cabarcas

Technological advances and novel applications in areas such as industrial robots (eventually personal robotics), artificial intelligence, big data, 3D printing, the internet of things, biotechnology, blockchain, and others have revived the debate on how the development and implementation of technological innovations may displace labor. These technologies are allowing the innovation of products, services, and business models at unprecedented speed, in the same way they are putting at risk both qualified and unqualified jobs and occupations. Most of the specialized literature dealing with the issue of technology and labor comes from the economics discipline, but it is pertinent to discuss how this translates into the managerial, organizational, and strategic principles framed for the fourth industrial revolution.

2020 ◽  
Vol 29 (4) ◽  
pp. 1067-1073
Author(s):  
Jan Fagerberg ◽  
Bart Verspagen

Abstract According to Christopher Freeman technological revolutions play a key role in capitalist development. In this article, we ask to what extent more recent developments are consistent with the perspective advanced by Freeman. We focus on two issues in particular, the climate challenge and what has been dubbed “A Fourth Industrial Revolution” that is, advances in artificial intelligence and the proliferation of the internet of things.


2019 ◽  
Vol 75 (4) ◽  
Author(s):  
André Ungerer

The Fourth Industrial Revolution is a phrase that is frequently heard in the media. This study explores the major changes that this revolution has installed for us. The Fourth Industrial Revolution is an umbrella term for many aspects, and the study takes note of the concepts like the Internet of Things, artificial intelligence, artificial general intelligence, artificial superintelligence, transhumanism and Homo digitalis. The spin-off effect of this revolution may cause possible disruptive effects on Homo sapiens by creating greater numbers of Homo disruptus. The term Homo disruptus is not a frequently used term, although it can be used in conjunction with the disruption that will be part of our future. Disruption may occur because of emerging technology, robotics, unemployment, digital dictatorships and exploitation, the side effects of Homo digitalis and transhumanism. The church will be part and parcel of this world, although the church does not have to be a victim and can play a significant role in anchoring Homo disruptus with the timeless message of the gospel and finding innovative ways to deal with their disruptive world.


2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Risky Ristiandy

The rapid technological advances in the Industrial Revolution 4.0 era resulted in various technological developments that were increasingly innovative and varied. Starting from this then innovation about artificial intelligence or Artificial Intelligence began to attract many parties including the government itself to use it in the life of the bureaucracy in this country. This was then compounded by the development of the Internet of Things and Big Data which added to the government's desire to modernize the bureaucracy but was threatened by the disruption that would change all the old orders used and upheld. Disruption in the body of the bureaucracy and the future will be a time bomb on the problems it carries which will have an impact on unemployment problems involving the unemployed state people and people who were originally part of the State Civil Apparatus, and this matter a challenge going forward for the government how to respond to a comprehensive change in the era of the industrial revolution 4.0 to be able to run a modern government with sophisticated technology while still prioritizing the conditions of its people.Keywords: Industrial Revolution 4.0, Disruption, Unemployment.


2019 ◽  
Vol 2 (1) ◽  
pp. 67-79 ◽  
Author(s):  
Umar Al Faruqi

With the rapid development of technology in the digitalization era, Industry 4.0 became a terminology that became a reference for research and development in the field of technology in various sectors. This continues to trigger all people to develop technology to enable better utilization in facilitating human life. Society 5.0 is an idea that explains the revolution in people's lives with the development of the fourth industrial revolution. The concept that wants to be presented is how there is a revolution in society that both utilizing technology and also considering humanities aspects. Some sectors of work and needs are beginning to enter digitalization that utilizes Artificial Intelligence, Big Data, Robotics, Automation, Machine Learning, and the Internet of Things.


Author(s):  
Mahmut Sami Ozturk

The purpose of this chapter is to investigate the role of audit activities and auditors in Industry 4.0. The preferred methodological approach in the study is a general analysis of auditing in Industry 4.0 in the form of a literature review. According to the purpose of the study, the effect and role of auditing big data, the internet of things, the cloud, artificial intelligence, and other components in Industry 4.0 are investigated. Furthermore, auditing activities that can be implemented in Industry 4.0 are presented as suggestions in the study. The study explains the role of auditing as a whole in Industry 4.0 as a consequence of examining audit activities for each component in Industry 4.0.


Author(s):  
Mahmut Sami Ozturk

The purpose of this chapter is to investigate the role of audit activities and auditors in Industry 4.0. The preferred methodological approach in the study is a general analysis of auditing in Industry 4.0 in the form of a literature review. According to the purpose of the study, the effect and role of auditing big data, the internet of things, the cloud, artificial intelligence, and other components in Industry 4.0 are investigated. Furthermore, auditing activities that can be implemented in Industry 4.0 are presented as suggestions in the study. The study explains the role of auditing as a whole in Industry 4.0 as a consequence of examining audit activities for each component in Industry 4.0.


Author(s):  
Aghnia Nadhira Aliya Putri ◽  
N. Nurlaela Arief ◽  
Aurik Gustomo

In the Era of Industry 4.0, technology has a significant impact on how people live and work. The pharmaceutical sector is likely to face an "innovator dilemma" when dealing with the Fourth Industrial Revolution. Pharmaceutical employees should prepare to adopt technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Big Data, Robotic, 3-D printing (Baines et al., 2018). Even in the industry based on technology, companies' performance does not rely solely on technological expertise. Technology is not the most significant barrier to adopting the 4.0 Era, but organizational culture and employee readiness are the biggest challenges (Vuong et al., 2019). To survive in Industrial Era 4.0, having sufficient knowledge of technology's changes and speed is essential. Nevertheless, there is no doubt that specific low-skilled jobs will be eliminated (Dirican, 2015). Supposedly, the development of technology does not replace workers but instead increases efficiency in work. Note that the future workforce has a critical role to play in the success of factory innovation. Transformation in era 4.0 requires workforces to have good competence. Keywords: Competency, Sub-Competencies, Pharma 4.0, Delphi Study


History has always been a great indicator of past behaviour as well as of future trends. However, when you think of what future jobs may look like, you do not certainly expect to find a plausible response in the past. Technologies and scientific advancements in general make it almost impossible to predict what you will be required to know in order to get—or maintain—your job in the next six months, let alone in the next couple of years. Whilst disruption seems such a new concept nowadays, we will learn that disruptive innovations have always been part of our story. The authors look at the major industrial revolutions known to humans and discuss patterns to help us prepare for the forthcoming future.


Throughout this book, the authors have discussed the implications of the rise of artificial intelligence, Industry 4.0, the internet of things, and new business models that do not have any known precedents. While discussing the skills needed to survive in the modern economy, they have yet to address the issue of what will become of our jobs. Will our children dream of the same jobs we dreamed once before? Will they require the same studies we had to follow to reach our actual positions? Will our jobs still exist by the time we reach the pension, or will we need to reinvent everything that we know of? The authors do not have an answer to these questions; what they can do is only make educated guesses about what is about to come and be ready for it. In this last chapter, the authors see what experts think our future will look like and give their educated opinion in what to invest in our lifelong learning journey to be on top of this unprecedented disruption of the economy.


2018 ◽  
Vol 7 (2.3) ◽  
pp. 43
Author(s):  
Sunghae Jun

At present, artificial intelligence (AI) technology is receiving much attention and applied in each field of society. AI is one of the key technologies to lead the fourth industrial revolution along with the internet of things and big data. Therefore, many companies and research institutes are trying to systematically analyze AI technology in order to understand the AI itself correctly. In this paper, we also study on a method to analyze AI technology based on quantitative approach. We correct the patent documents related to AI technology, and analyze them using statistical modelling. We use Bayesian inference for neural networks to build our proposed method. To verify the validity of our research, we carry out a case study using the AI patent documents.


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