Promoting Inclusive Growth in the Fourth Industrial Revolution - Advances in Business Strategy and Competitive Advantage
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9781799848820, 9781799848837

Author(s):  
Sana Moid

Education 4.0 is an education model aligned with future trends in order to develop and enhance individualized education that will eventually go on to define the manner in which youngsters of the future will work and live. Since youth are the main asset of any nation, education becomes the most powerful tool for social transformation. India's demographic structure is changing; while the world grows older, the Indian population is becoming younger, and by 2025, about two-third of Indians will be in its workforce. A few issues addressed in this study are to identify the drivers of Education 4.0, to identify and understand the role of disruptive technologies, to study the transition from Education 1.0 to Education 4.0 and its relevant impact on the higher education system.


Author(s):  
Abiodun Alao ◽  
Roelien Brink

The Fourth Industrial Revolution (41R) era requires industries to adopt the use of technology and specialised study accomplished with digital knowledge. This has contributed to the high rate of unemployment and job loss of people, especially the youths without digital knowledge. The objective of this study is to understand how ICTs can be used for the sustainable development of youth employability. The youths are among the low-income populations that require access to information on industry requirement for improved employability and the provision of digital skills training will allow them to have the knowledge to use ICTs to access information on the relevant job skills needed in the labour market. The sustainable livelihood theory was used to guide the study. Recommendations for the study will allow the government, ICT policymakers, and stakeholders to use ICTs for the sustainable development of youths and improve employability.


Author(s):  
Theunis Gert Pelser ◽  
Garth Gaffley

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.


Author(s):  
Sandeep Mathur ◽  
Samaira Mendiratta

Industry 4.0 is a key activity as of late presented by the German government. The objective of the activity is a change of mechanical fabricating through digitization and misuse of possibilities of new advancements. An Industry 4.0 generation framework is in this way adaptable and empowers individualized and modified items. The point of this chapter is to introduce and encourage a comprehension of Industry 4.0 ideas, its drivers, empowering influences, objectives, impediments. Building squares are depicted and a keen industrial facility idea is displayed. An architecture model and job of institutionalization in the future execution of Industry 4.0 idea are addressed. Also, sure contextual investigations of organizations, for example, Bosche and Siemens case studies, have been mentioned. These case studies emphasize on practical implementation of Industry 4.0 and future challenges to deal with successful adoption of Industry 4.0. The current status of Industry 4.0 availability in the German organizations is introduced and remarked.


Author(s):  
Anthony Bolton ◽  
Leilani Goosen ◽  
Elmarie Kritzinger

Against the background of promoting inclusive growth in the context of the Fourth Industrial Revolution (4IR), the purpose of this chapter is to introduce Industry 4.0 in terms of the impact of Unified Communication and Collaboration (UC&C) technologies on productivity and innovation within a global automotive enterprise. To provide readers with a further overview of, and summarize, the content of the chapter, issues, controversies, problems, and challenges related to Industry 4.0 adoption, including, for example, Cyber-Physical Systems (CPS), are discussed. Solutions and recommendations for dealing with the issues, controversies, and/or problems are presented, and the chapter will also discuss future research directions and emerging trends, together with providing insight about the future of the book's theme from the perspective of the chapter focus on the impact of UC&C technologies on productivity and innovation. The last section will provide discussion of the overall coverage of the chapter and concluding remarks.


Author(s):  
Tamar Apel Campo

Two conceptual platforms meet in the use of technologies: the technological milieu and the ethical principles that underlie every human action. The interface, called “use,” imposes a change of attitude in the behavior developed by humankind throughout centuries of mental evolution. This interface connects the two platforms although this is invisible to the naked eye. Using complex system analysis, it is possible to identify the components of the two platforms and understand the influences of their characteristics, providing a meaningful perspective of how technologies can contribute to the development of a secure and positive society in the future. The development and use of technologies can influence the developer/user in a positive or damaging way. Neuroscience's contributions point in this direction. The concern for the welfare of people affected by technologies is a must in the next era. The author intends to prove in an extensive way that for safety, ethic regulations should be considered for industry, health, and education.


Author(s):  
Dalize Van Heerden ◽  
Leilani Goosen

The purpose of this chapter is providing readers with an overview of the content promoting the growth of the Fourth Industrial Revolution (4IR) and the implications for information and communication technology (ICT) open distance e-learning (ODeL) students. Preparing students for the 4IR presents important and complicated opportunities towards changing higher education. Education should be about content design and delivery for teaching, learning, and assessment, with the profile of ODeL ICT students at the core. This chapter reports on issues, controversies, and problems arising from the 4IR. The mixed-method research approach adopted involved collecting and analyzing quantitative and qualitative data obtained from first-year courses at a Southern Africa institution. The emerging picture cautions concerning students' real biographic information and digital literacy in a developing world context. The conclusion summarizes the content and informs instructors to examine their perceptions of student profiles regarding teaching, learning, and assessment in preparation for the 4IR.


Author(s):  
Michael Voskoglou

The rapid industrial and technological development of the last years has transformed the human society to its current form of knowledge and globalization. As a result, the formal education is nowadays faced with the big challenge of preparing students for a new way of life in the forthcoming fourth industrial revolution. This new revolution could be characterized as the era of the internet of things and energy and of the cyber-physical systems. The present chapter focuses on the role that computers and artificial intelligence could play in future education and the risks hiding behind this perspective. It is concluded that it is rather impossible that computers and the other “clever” machines of artificial intelligence will reach to the point of replacing teachers for educating students in future, because all these devices have been created and programmed by humans and therefore it is logical to accept that they will never succeed to reach the quality of human reasoning. However, it is certain that the role of the teacher will be dramatically changed in the future classrooms.


Author(s):  
Selma Leticia Capinzaiki Ottonicar ◽  
Jean Cadieux ◽  
Elaine Mosconi ◽  
Rafaela Carolina da Silva

Industry 4.0 contributes to the increase in technological production and the use of environmental resources. Because of that, researchers need to discuss circular economy issues in the context of I4.0. To understand the circular economy, people need to know how to access, evaluate, and use the information (information literacy). The purpose of this chapter is to discuss how information literacy has been studied for the development of the circular economy. The methodology implies a review of the literature on circular economy, information literacy, and Industry 4.0. Subsequently, the document connects the information literacy and BNQ21000 standard (Québec) focusing on sustainability. The review showed that there are only a few documents that analyze the circular economy in the context of Industry 4.0. In addition, the information literacy needs to be studied in the circular economy and Industry 4.0 so that managers, students, and researchers can contribute to that revolution in a critical and sustainable way.


Author(s):  
Kesavan Dhanapal

Considering the breathtaking changes in global business models, all entities foresee to develop new markets and products for survival in the economy. Increasing pollution levels at major cities around the globe, changing climatic conditions, and global warming makes a cloud bubbling thought of making safer and environmentally friendly products. This agenda leads to generate ideas that may create innovative products or practices may bring a competitive advantage for the new establishments. We all know that energy production constitutes to majority of the pollution in the environment. In order to tackle this situation, fostering entrepreneurs can think of ideas that are relating to renewable energy generation. Recently the rise of electric vehicles market seems to be a playground for new technology breakthroughs. This segment has huge potential for the next two decades. New entrepreneurs can take advantage of the renewable energy in making new business prospects.


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