Last updated on November 27th, 2021
| As we are all aware, we are on the verge of a technological revolution that will essentially alter our way of living, working, and ultimately, everything relating to one another. In its range, scope, including complicatedness, this incredible transformation will be unlike anything we have seen or experienced before. The Fourth Industry is the foundation of a brand new revolution — the much-praised Revolution 4.0 — an amalgamation of preeminent production techniques with an edge as well as intelligent systems that unite companies and common folks. The Fourth Industrial Revolution is about much more than mere changes driven by technology, though; it is a chance that could be utilised to benefit everyone. This ranges from political leaders, policy-makers to people from all income groups and nations. And, it could easily be harnessed into linking technologies in order to create an all-inclusive future – with human concerns in mind. It is a new futuristic chapter in the beautiful tale of human development. It is strongly enabled through the extraordinary advances made with technology. These advances further correspond with those made by the first, second and third industrial revolutions. The Fourth Industrial Revolution is the perfect method of explaining the blurring lines of limits between the physical, digital, and of course, biological worlds. In addition to this, it is a combination of artificial intelligence, the Internet of Things – also known as IoT – 3D printing, genetic engineering, quantum computing, and even more technologies. It becomes the collaborative force behind several products and services that prove to be essential in regards to modern lifestyle. For instance, think about GPS systems that aid most in everyday life by recommending the fastest route to a destination while showing upcoming traffic. Another great example is voice-activated virtual assistants. This includes Apple’s Siri, Cortana and more. Now, there are online medical stores available in different parts of your cities. Emeds is offering online medicine delivery services in Pakistan. Furthermore, as a result of this, one could say that the Fourth Industrial Revolution is paving the way for impactful and radical changes in our lifestyle. Benefits and Effects of the Fourth Technological Revolution As a matter of fact, it has been documented that each and every revolution has experienced a wide array of benefits and drawbacks, challenges and opportunities, or uncertainties and certainties. However, in this particular case of the Fourth Industrial Revolution, the benefits greatly outweigh the drawbacks. The advantages of the Fourth Industrial Revolution are apparent and evident. There are several benefits to embracing the Fourth Industrial Revolution. Whether you factor in the increased potency, effectiveness and quality in processes, the increased safety for workers by eliminating jobs in dangerous conditions, the enhanced decision making with tools concerning data, or even evolved competitiveness by developing products tailored for each individual that will satisfy consumers’ needs. These all direct you towards one conclusion: the only thing Revolution 4.0 will provide is comfort and luxury. |
Moreover, similar to the revolutions that led up to it, the Fourth Industrial Revolution has great potential to increase global income levels while enhancing the quality of life for people around the world. To this day, those who have managed to gain the most from this have been the consumers capable of affording and accessing the digital world. As mentioned before, with the help of technology, the level of efficiency and comfort in our personal lives has increased rapidly and will continue to do so. From small things such as listening to music to buying a product online to booking flights – all of these can be performed remotely.
Another notable benefit is that the futuristic technological transformation will surely also lead to a supply-side miracle. It is predicted that with a long-term increase in expertise and productivity, transportation and communication costs will drop to a great extent. Accordingly, logistics and global supply chains will become more successful. Lastly, it is predicted that the cost of trade will hit a diminishing point, leading to a rise in economic growth.
The world moves quickly, and time passes you by before you even know it. Therefore, it is best to embrace the Fourth Industrial Revolution with accurate facts and figures before the world progresses to something you can not keep up with. As a matter of fact, even though we are amidst the Fourth Industrial Revolution, the industry, as well as economic experts, have already initiated theorising about the Fifth Industrial Revolution.
The Technological Pillars of the Fourth Industrial Revolution
- BlockChain
- Virtual Reality
- Robotics
- BioTech
- Artificial Intelligence and more
Final Word
At the end of the day, the situation all relies upon people and their shared values. Therefore, as a society, we need to shape a future that provides a steady and hopeful outlook for the coming generations. We can make this happen by putting people first and empowering them. Furthermore, we can do so by believing in the Fourth Industrial Revolution and embracing it with open arms.
