The European Blocktech Federation is hosting this Meetup on the 4IR as part of the Paris Blockchain Week Summit 2019 afterwork program. Jose Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, sees "... 4IR as exciting and full of promise, but carries downsides". Let's check together the promises and the downsides and how to cope with it.
Crisis from ancient greek: "The noun crisis comes from the Latinized form of the Greek word krisis, meaning "turning point in a disease." At such a moment, the person with the disease could get better or worse: it's a critical moment."
Let's check together about this 4IR for the better or for the worse!
DUBAI February 12, 2019: The Fourth Industrial Revolution (4IR) will be exciting and full of promise, but carries downsides, Jose Angel Gurria, the secretary-general of the Organization for Economic Cooperation and Development, said on Monday.
In a discussion with CNN’s Becky Anderson at the World Government Summit (WGS) in Dubai, Gurria said: “The danger is not just about knowing the technology that is growing at breakneck speed, but how you empower half of the workforce that will be displaced.
“The Fourth Industrial Revolution will carry with it many promises and challenges in employing technology and how to use it. Half of the workforce is going to be disrupted by technology, due to over- or under-qualification. How can we motivate and upskill those that will be displaced in the process?”
Gurria focused on the need for countries to realize the effects on labor forces and on generations yet to enter the world of work.
He also urged national leaders to “broaden their horizons and make appropriate decisions in order to create a better future.”
For the European Commission the term "Fourth Industrial Revolution" refers to technologies and concepts of "value chain" organisation. The European Commission is now setting a path to digitize European industry.
The Fourth Industrial Revolution aims to leverage differences between the physical, digital, and biological sphere. It integrates cyber-physical systems and the Internet of Things, big data and cloud computing, robotics, artificial-intelligence based systems and additive manufacturing. Compared to previous industrial revolutions, the fourth one is evolving at an exponential rather than at a linear pace.
This development can potentially raise globe income levels and improve the quality of life for populations around the world. It produces several effects:
On the business side: it drastically modifies customer expectations, product enhancement, collaborative innovation and organisational forms. New technologies make assets more durable and resilient, while data and analytics change the way they are maintained. On governments: as new technologies increasingly enable citizens to engage with governments, while governments gain more and more tools to increase their control over population. Governments and legislators must collaborate closely with civil society to be able to properly answer to challenges. On people: one of the greatest challenges is on privacy, on the notion of ownership, consumer patterns and how we devote time to develop skills.
"The economy and society of the future would have to rely on creativity, innovation, and connectivity between technology and the production system to create competitiveness and increase productivity in driving sustainable economic growth. Achieving economic development that is stable, sustainable, and inclusive can be done with everyone working together in tandem". stated the Minister of Commerce of the Kingdom of Thailand Sontirat Sotijirawong, ASEAN Special Session on the Fourth Industrial Revolution (4IR) back in January 2018.