The Fourth Revolution

2021 ◽  
pp. 240-257
Author(s):  
Danielle Kadlec ◽  
Viviana D'Angelo ◽  
Francesca Capo
Keyword(s):  
Artificial Intelligence ◽  
Computer Science ◽  
Industrial Application ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Human Intelligence ◽  
Industrial System ◽  
Fourth Industrial Revolution

Technological breakthroughs are the reasons for industrial revolution to occur. However, it may take time to exert its effects on social and technological domains. Artificial intelligence is the branch of computer science which tries to replicate human intelligence in machines that are programmed to think like humans and mimic their actions. It is acquiring increasing importance in industrial application, revolutionizing the entire industrial system enough to be referred as “Fourth Industrial Revolution.” This chapter describes the impacts of artificial intelligence on the economy and society at large. Specifically, it analyzes the enablers and barriers behind the automatization of the working force and how the digital transformation may entail opportunities and challenges for the current economic and working dynamics as well as for society in general.

Implications of Digital Transformation on the Strategy Development Process for Business Leaders

2020 ◽  
pp. 1-43
Author(s):  
Theunis Gert Pelser ◽  
Garth Gaffley
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
Simulation Models ◽  
Digital Economy ◽  
Digital Transformation ◽  
Strategy Development ◽  
Skill Sets ◽  
Fourth Industrial Revolution ◽  
Use Of Technology ◽  
Third Industrial Revolution

What the internet with its connectivity did to facilitate the third industrial revolution, cloud computing and artificial intelligence have done for the fourth industrial revolution. Technology is changing the world at an alarming rate, which includes products and services that require scale to manage the growing demands of an ever-changing and increasing population. Digital transformation is enabled through cloud technology where human comprehension cannot cope with the size and speed of data required to manage a business in the digital economy. Artificial intelligence and machine learning assist in activities to overcome human limitation, using algorithms to develop predictive and simulation models and scale to provide data for decision making. The technologies employed to run and execute these require skill and resource. The challenge for the modern-day CEO is that the use of technology and its demand in the digital economy of the Fourth Industrial Revolution is not fully understood by them due to their digital skill level and managing the generational skill sets in their structure.

Challenges Facing Technology Standardization in the Age of Digital Transformation

2019 ◽  
pp. 34-45
Author(s):  
Brian McAuliffe
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Manufacturing ◽  
Optimum Level ◽  
Fourth Industrial Revolution ◽  
Rapid Transition ◽  
Market Intervention ◽  
Technology Standardization

It is widely recognized that we are in rapid transition to the so-called fourth industrial revolution, a world of digitalization and mass interconnectedness enabled by a plethora of emergent powerful technologies including artificial intelligence (AI), internet of things (IoT), and distributed ledgers (DLT). A key element of this “revolution” is the move to digital manufacturing. While undoubtedly exciting, this transition presents challenges to policymakers, industry, and societal stakeholders alike. One such challenge is defining an optimum level for any market intervention measure(s), such that a balance is struck between ensuring a pro-industrial and economic innovation-friendly approach and guaranteeing adequate levels of consumer-focused protection. Standardization can be leveraged as one element of interventionary policy designed to help strike the required balance, both in its well-proven bottom-up and industry-led voluntary application and as a tool to support implementation of regulations. With a focus on digital transformation, this chapter will analyze the readiness of the current standardization system to support this significant transition focusing on strengths and challenges to be addressed from the perspective of industry, policymakers, and standards-setting organizations.

Challenges Facing Technology Standardization in the Age of Digital Transformation

2021 ◽  
pp. 1839-1850
Author(s):  
Brian McAuliffe
Keyword(s):  
Artificial Intelligence ◽  
Internet Of Things ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Manufacturing ◽  
Optimum Level ◽  
Fourth Industrial Revolution ◽  
Rapid Transition ◽  
Market Intervention ◽  
Technology Standardization

It is widely recognized that we are in rapid transition to the so-called fourth industrial revolution, a world of digitalization and mass interconnectedness enabled by a plethora of emergent powerful technologies including artificial intelligence (AI), internet of things (IoT), and distributed ledgers (DLT). A key element of this “revolution” is the move to digital manufacturing. While undoubtedly exciting, this transition presents challenges to policymakers, industry, and societal stakeholders alike. One such challenge is defining an optimum level for any market intervention measure(s), such that a balance is struck between ensuring a pro-industrial and economic innovation-friendly approach and guaranteeing adequate levels of consumer-focused protection. Standardization can be leveraged as one element of interventionary policy designed to help strike the required balance, both in its well-proven bottom-up and industry-led voluntary application and as a tool to support implementation of regulations. With a focus on digital transformation, this chapter will analyze the readiness of the current standardization system to support this significant transition focusing on strengths and challenges to be addressed from the perspective of industry, policymakers, and standards-setting organizations.

DEVELOPING THE SCIENTIFIC MAGAZINE IN THE PERIOD OF THE FOURTH INDUSTRIAL REVOLUTION 4.0

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Nguyen Duy Dung
Keyword(s):  
Artificial Intelligence ◽  
Information Technology ◽  
Industrial Revolution ◽  
Scientific Journal ◽  
Publishing Research ◽  
The Other ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
Socio Economic Development ◽  
International Scientific Journal

Characteristics of the industrial revolution 4.0 is the wide application of high-tech achievements, especially information technology, digitalization, artificial intelligence, network connections for management to create sudden changes in socio-economic development of many countries. Therefore, to reach the high-tech time, many magazines in Vietnam have changed dramatically, striving to reach the international scientific journal system of ISI, Scopus. The publication of international standard scientific journal will meet the demand of publishing research results of local scientists, on the other hand contribute to strengthening exchange, cooperation, international integration in science and technology.

Desserts With Oasis—SkillGap Analysis Into Dubai’s Labour Intensive Market

2019 ◽  
Vol 118 (11) ◽  
pp. 533-541
Author(s):  
Dr. Premila Koppalakrishnan
Keyword(s):  
General Population ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Revolution ◽  
Scholarly Community ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Basic Level ◽  
The Revolution

The world stands on the precarious edge of an innovative transformation that will on a very basic level modify the manner in which we live, work, and identify with each other. In its scale, degree, and unpredictability, the change will be not normal for anything mankind has encountered previously. We don't yet know exactly how it will unfurl, however one thing is clear: the reaction to it should be incorporated and exhaustive, including all partners of the worldwide nation, from the general population and private segments to the scholarly community and common society. It is The Fourth Industrial Revolution, the digital revolution. The digital revolution has opened way for many impacts. All of the emirates are experiencing the effects of the “Fourth Industrial Revolution.” This revolution reflects the velocity, scope, and systems impact of a digital transformation that is changing economies, jobs, and work as it is currently known. Characteristics of the revolution include a fusion of technologies across the physical, digital, and biological spheres.

scholarly journals The fourth industrial revolution and labour market regulation in Singapore

2020 ◽  
Vol 31 (3) ◽  
pp. 347-363
Author(s):  
Peter Waring ◽  
Azad Bali ◽  
Chris Vas
Keyword(s):  
Artificial Intelligence ◽  
Labour Market ◽  
Industrial Revolution ◽  
Autonomous Systems ◽  
Market Regulation ◽  
Jel Codes ◽  
Fourth Industrial Revolution ◽  
Labour Market Regulation ◽  
Social Safety Nets ◽  
Large Survey

The race to develop and implement autonomous systems and artificial intelligence has challenged the responsiveness of governments in many areas and none more so than in the domain of labour market policy. This article draws upon a large survey of Singaporean employees and managers (N = 332) conducted in 2019 to examine the extent and ways in which artificial intelligence and autonomous technologies have begun impacting workplaces in Singapore. Our conclusions reiterate the need for government intervention to facilitate broad-based participation in the productivity benefits of fourth industrial revolution technologies while also offering re-designed social safety nets and employment protections. JEL Codes: J88, K31, O38, M53

scholarly journals ARTIFICIAL INTELLIGENCE: NEW CHALLENGES AND PROSPECTS

2020 ◽  
Vol 8 (5) ◽  
pp. 42-48
Author(s):  
Yulia Matyuk
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
New Technologies ◽  
Rapid Development ◽  
Modern Society ◽  
Fourth Industrial Revolution ◽  
New Challenges ◽  
And Robotics

The article analyzes the risks and new opportunities that arise before man and modern society in the light of the development of artificial intelligence and robotics in the conditions of the fourth industrial revolution. The rapid development of AI indicates the absence of uniform approaches to assessing the risks and prospects associated with the use of AI. Using PESTEL analysis, the article examines the key areas of interaction between AI and humans, new challenges and prospects that open to humanity in the era of new technologies.

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