Disruptions of the Fourth Industrial Revolution

2021 ◽  
pp. 189-199
Author(s):  
Idris Olayiwola Ganiyu ◽  
Ola Olusegun Oyedele ◽  
Evelyn Derera
Keyword(s):  
Artificial Intelligence ◽  
Technological Innovation ◽  
Industrial Revolution ◽  
Technological Innovations ◽  
Fourth Industrial Revolution ◽  
Skill Gaps ◽  
The World ◽  
The Future ◽  
The Impact ◽  
And Robotics

The Fourth Industrial Revolution has resulted in the disruption of the world of work whereby technological innovation such as artificial intelligence (AI) and robotics. These disruptions may be creative in that as some jobs are lost due to the development of artificial intelligence, new ones are created. This chapter explored the impact of disruptive technological innovations on the future of work. The skill gaps brought about by the emergence of the Fourth Industrial Revolution was also explored in this chapter.

scholarly journals Education of population for the future and the future of education

Stanovnistvo ◽  
2017 ◽  
Vol 55 (1) ◽  
pp. 63-85
Author(s):  
Biljana Jovanovic-Gavrilovic ◽  
Biljana Radivojevic
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Industrial Revolution ◽  
Knowledge And Skills ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Future ◽  
Future Of Education ◽  
The Impact

The key to the future of any country in the modern world lies in the knowledge, skills and talent of its population. This gives a special importance to education through which human capital is created as an important component of national wealth. Different methods of measuring human capital are found in literature. There is a well-known division into monetary and non-monetary methods, with the latter being specifically addressed in the article. Education plays an important role in achieving sustainable development. Through education, knowledge about sustainable development is acquired while human resources that are capable and willing to achieve this development are created. Education, just like sustainable development, has a long-time perspective. In both cases, the interests of the future are respected when making decisions in the present. The impact of education on sustainable development is manifested through all three of its dimensions ? economic, social and environmental. The key role of education for achieving sustainable development has been globally recognized and embedded in relevant United Nations documents, including a new global development agenda by 2030, focusing on the Sustainable Development Goals, of which Objective 4 explicitly refers to education. The European Union also pays considerable attention to education for the future in the context of the commitment of its members to achieve sustainable development. Serbia, at least declaratively, follows it, given the orientation of the country to join this regional integration. The future of education is under the strong influence of global mega trends, especially the Fourth Industrial Revolution, which strongly influences the world of work and the necessary knowledge and skills. During the earlier industrial revolutions, it took several decades to build appropriate education and training systems, but there is no time for that now. Changes must be anticipated, and reactions should be quick. The quality of educational systems of countries around the world and their preparedness for the challenges of the new age can be evaluated on the basis of the results of the Program for International Student Assessment ? PISA, the most important research in the field of education, which, under the auspices of the OECD, tests the knowledge and skills of fifteen-year-olds, and relying on the composite indicator introduced by the World Economic Forum ? Global Human Capital Index (GHCI). The results for Serbia are generally discouraging, but in some segments, they point to the country?s hidden potentials that should be activated. Education represents the development opportunity of Serbia at the threshold of the Fourth Industrial Revolution. As a small and economically country, Serbia should not remain at the margin of events, in the role of a passive observer. On the contrary, through adapting its education system to the demands of time by adequate financial and institutional support, thus improving human capital of the people, Serbia can find its place in a changing labor market and create preconditions for dynamic and sustainable economic development.

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.

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

scholarly journals The Impact of the Covid 19 Pandemic on the Development of the Fourth Industrial Revolution in Southern Africa

2021 ◽  
Vol 9 (1) ◽  
pp. 56-63
Author(s):  
Elizabeth Ojo-Fafore ◽  
◽  
Clinton Aigbavboa ◽  
Wellington Thwala
Keyword(s):  
Southern Africa ◽  
Human Activities ◽  
Industrial Revolution ◽  
Economic Sector ◽  
African Region ◽  
Fourth Industrial Revolution ◽  
Wide Range ◽  
The World ◽  
The Impact ◽  
Industrial Revolutions

The fourth industrial revolution (4IR) is gradually gaining momentum in a wide range, and as it gathers pace, innovations are becoming faster, more efficient, and widely accessible than before. However, due to the outbreak of Covid 19, the world had seen a shift in the traditional ways in all aspects of human activities, especially in the socio-economic sector. This paper explores the effect of Covid19 on the development of the fourth industrial revolution in the Southern African region and will review the literature on pandemic and its effect on industrial revolutions. It will also review the literature on the fourth industrial revolution, the spread of the Covid 19 pandemic, and its effect on the development of the fourth industrial revolution in Southern Africa.

scholarly journals Transformation of the world job market in the conditions of the Fourth Industrial Revolution

2021 ◽  
pp. 8-28
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Job Market ◽  
Scientific Publications ◽  
Job Management ◽  
Business News ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The relevance of this research is substantiated by the fact that the world job market is currently under the influence of the Fourth Industrial Revolution (Industry 4.0). The goal lies in assessing the impact of cyclic and unexpected trends upon the job market, and thus, the forms of job management and employment functions. In this regard, analysis is conducted on the academic theories in the context of conceptualization of the impact of Industry 4.0 upon the job market and employment functions. The long-term trends in transformation of the job market are determined. The empirical basis of this research is comprised of the statistical data provided by Rosstat and the Ministry of Science and Higher Education of the Russian Federation, as well as the resources of analytical articles and scientific publications, including the materials of international organizations, leading consulting companies, global associations, leading educational institutions, other active participants of global educational environment, and job market experts. An overview is given to the trends that affect the companies, their strategies and business models; the impact of such trends upon the transformation of current professions and the emergence of new professions; skills required for these professions. The scientific novelty lies in substantiation of the concept of skill-biased technical change (SBTC) and the theory of routine-biased technological change (RBTC). The presented materials would allow the companies to combine business news with fundamental training of specialists for going along the new career trajectiory in light of the new technological challenges, which defines the practical value of this research.

The Concept of Atmospheres

2020 ◽  
pp. 23-40
Author(s):  
Diana Soeiro
Keyword(s):  
Urban Design ◽  
Technological Innovation ◽  
Technology Use ◽  
Industrial Revolution ◽  
Smart Cities ◽  
Urban Environments ◽  
Design Elements ◽  
Fourth Industrial Revolution ◽  
The Future

Architects and urban planners currently face the challenge of the Fourth Industrial Revolution (4IR) that quickly permeates urban environments. In an effort to understand this event as one that goes beyond technology use and technological innovation, the authors investigate how the concept of atmosphere is key to envisioning the future of smart cities. In order to clarify the understanding of the concept, this chapter presents an original alignment of three clusters of authors (Goethe and Wittgenstein, Böhme and Schmitz, and Bratton). The goal is to demonstrate that atmospheres and urban ambiances are fundamental urban design elements. They have the ability to positively shape technology use in cities as decisive elements to promote sustainable smart cities.

Artificial Intelligence, Marketing, and the Fourth Industrial Revolution

2021 ◽  
pp. 1-13
Author(s):  
Andreas Kaplan
Keyword(s):  
Artificial Intelligence ◽  
Case Studies ◽  
Industrial Revolution ◽  
Metropolitan Museum ◽  
Ethical Concerns ◽  
Fourth Industrial Revolution ◽  
The World

Artificial intelligence has been part of the world of marketing for some time now. This chapter will look at how artificial intelligence is defined and classified, illustrating its potential for the marketing domain with a variety of examples from various industries and sectors. Ethical concerns arising from the application of AI marketing will be discussed in the second part of this chapter. Before concluding, three brief case studies will give further insights, looking in detail at the AI activities of Airbnb, NYC's Metropolitan Museum of Artificial Intelligence, and retail giant Walmart.

scholarly journals The Impact of Artificial intelligence and Robotics on the Future Employment Opportunities

2020 ◽  
pp. 050-054
Author(s):  
Shaukat Kamran ◽  
Iqbal Farhat ◽  
Alam Talha Mahboob ◽  
Aujla Gagandeep Kaur ◽  
Devnath Liton ◽  
...  
Keyword(s):  
Artificial Intelligence ◽  
Employment Opportunities ◽  
The Future ◽  
The Impact ◽  
And Robotics

scholarly journals Digitalization of Industry and Education

2021 ◽  
Vol 346 ◽  
pp. 03050
Author(s):  
Mariya Ostapenko ◽  
Vladlena Nazarova
Keyword(s):  
Artificial Intelligence ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Cyber Physical Systems ◽  
Physical Systems ◽  
Fourth Industrial Revolution ◽  
Industry And Education ◽  
The Impact ◽  
Plm System

The fourth industrial revolution, associated with the introduction of robotics, cyber-physical systems, artificial intelligence, neural networks, affects all spheres of human life. There is a need for specialists with the appropriate skills. The article discusses the elements of Industry 4.0: Internet of Things, robotization, PLM system. The impact of digitalization on the educational sector is also considered.

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