IMPACT OF THE Fourth INDUSTRIAL REVOLUTION

Swikriti Sheela Nath

Swikriti Sheela Nath

Modest with High Aim

Published Jun 26, 2018

"The Fourth Industrial Revolution, finally, will change not only what we practice merely as well who nosotros are. It volition affect our identity and all the problems associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the fourth dimension we devote to work and leisure, and how we develop our careers, cultivate our skills, see people, and nurture relationships" — Klaus Schwab, The Fourth Industrial Revolution

The technological revolution in the mod developing environment in which innovative technologies and trends such as the virtual reality (VR), Internet of Things (IoT), Artificial Intelligence (AI), Robotics are fundamentally altering the way of living, working and relationships to i another, is known asFourth Industrial Revolution orIndustry 4.0 orIndustrie 4.0. ProfessorKlaus Schwab , the executive chairman and founder of theWorld Economical Forum,first used the term 'Fourth Industrial Revolution' in 2016 in the Annual Meeting of World Economical Forum,2016.Schwab called Fourth Industrial Revolution, in his book The Fourth Industrial Revolution , as "a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what information technology means to be Homo".

(AS DISCUSSED Before IN THE ARTICLE#FourthIndustrialRevolution:ABriefReview)

<> IMPACTS OF FOURTH INDUSTRIAL REVOLUTION <>

The Fourth Industrial Revolution is reshaping every sphere of human life — from government to commerce; from education to healthcare. It is fifty-fifty impacting human values, opportunities, relationships and identities by modifying virtual too as concrete worlds of human beings.

  • POSITIVE IMPACTS :-
  1. For the advancements in latest technological innovations, the power and types of digital devices, computing devices and networks are rapidly developing day by day. This is making education and various information hands accessible.
  2. Gradual evolution of technologies and scientific innovations are leading to the cosmos of new educational disciplines, which is, finally leading to more scopes for better opportunities. Quaternary Industrial Revolution is enhancing the facilities for the evolution as well as innovation of new skills. Fourth Industrial Revolution emphasizes growth of knowledge and thirsts for learning. Application oriented courses are more preferable than academic education.
  3. Due to the continuous technological development, online social media, such as, Twitter, LinkedIn, Facebook etc. are becoming more and more than active. Everyone is able to express and highlight their views well-nigh any contemporary incident or event easily before the earth through these social media platforms.
  4. Communication is condign easier steadily. Through WhatsApp, IMO, Messenger etc., people can comfortably connect with and contact their relatives, friends or anyone across the world. Video calling or chat is helping in compressing distances and making people happier.
  5. Lands are not essential for edifice markets. Online shopping sites and quick delivery services are making commodities accessible at home too as increasing economical benefits. The online customer service agents also provide smart recommendations to customers.
  6. The Earth is becoming a global hamlet, where billions of people as well as products are hands accessible.
  7. Progress in medical sciences, neurosciences etc., due to 4th Industrial Revolution, are leading to healthier lives; advanced intellectual and mental capability; and longer life spans.
  8. Agriculture is also influenced by the Fourth Industrial Revolution. Greater amounts of Crops can be yielded with the aid of Bioengineering. With the help of the machines,powered by bogus intelligence, measuring crop populations and detection of weeds or plant pests are also condign easier. Robotic sprayers are also available for the awarding of herbicides.
  9. Due to the advocacy in digital applied science, workers are becoming gratis from automatable jobs and can engage themselves for solving complicated business problems. This is making them more autonomous.
  10. Carbon emissions, road fatalities and insurance costs minimize because of the advancements in automotive safety due to the advancing technologies of 4th Industrial Revolution.
  11. No need of continuing on route and waiting for transportations. People can volume cars or vehicles online and avail them at their doorsteps. Due to the grace of Fourth Industrial Revolution, autonomous or driverless vehicles may be bachelor before long.
  12. With the help of online cyberbanking facility, people do not demand to go to banks for transactions or other important works at bank. Maximum depository financial institution-works may be accomplished from home.
  13. E-Governance is besides possible in the era of Quaternary Industrial Revolution with the help of new technological innovations. The new technology also assist the government in modernising executive organizations and functions. E-Governance ensures accountability and transparency equally well every bit strengthen the relationship between the regime and the citizens.
  14. Online jobs provide people to piece of work from and earn at dwelling house.
  15. Fourth Industrial Revolution emphasizes self-employment.
  • NEGATIVE IMPACTS :-
  1. Over-reliance on applied science is decreasing the will of human beings for using ain intellect and concrete power.
  2. Social media is increasing distances betwixt a person and his family unit members as well every bit the physical society. Virtual world is condign more than preferable than the physical earth and this is creating social dissever.
  3. Social media is non always helpful considering it is a medium for spreading news,among which some or many may be false; the false news create annoyances.
  4. Privacy of an individual is not at all totally individual in this era of 4th Industrial Revolution due to the grace of technological advancements in tracking system. Every activeness of a human being existence can be traced through digital devices, like CCTV Cameras, smart phones etc. Social media platforms, such as, Facebook, Twitter etc. as well as online shopping sites, such as, Flipkart, Amazon etc. collect every information from proper name and Date of Birth to Credit Carte or bank details of an private before creating a profile or account.
  5. Cyber bullying and hate voice communication are other negative impacts of social media which are gradually increasing in the era of Fourth Industrial Revolution. Cyber attacks are also not unlikely due to the gradual progress in internet facility. It should non exist forgotten that hacking is not always ethical; hacking may too harm our overall security.
  6. Overuse of data and connections is overloading the network services.
  7. People are to the lowest degree interested to go to the marketplace, to jog under the open up heaven or to visit someone's home, amidst others considering the technological evolution enable them to shop at online shopping sites, to jog on treadmills and to contact with people through social media respectively, among others. Children are more than interested in mobile games than outdoor games due to the grace of smart technologies. This is affecting man wellness badly, physical equally well every bit mental, considering the movement of the man torso and intake of fresh air is decreasing. Excessive uses of smart phones and digital games are causing hindrance in physical and mental growth of children.
  8. The scopes of employment are at stake considering of the advancements in automotive and robotic technology. Human skills are becoming invaluable in front of bogus intelligence. Machines are more favoured than human beings.
  9. Concentration of wealth amongst pocket-size group of people is constantly increasing. This is creating inequality among people economically as well every bit socially. Thus social fragmentation, political polarization and lack of trust in institutions are inevitable.
  10. Competitive environment of Fourth Industrial Revolution, sometimes, causes emotional frustration too equally impact mental balance. This may lead to suicidal trend, anxiety, insomnia and other neurological diseases.
  11. Bioengineering, artificial intelligence, programming tools, robotics etc. may also be used for destructive purposes.
  12. Controversial innovations, due to biotechnology, similar gene drives or implants to increase the efficiency of a homo being, likewise equally designer babies, among others can non be ignored.
  13. Climatic change is some other negative impact of Fourth Industrial Revolution. Massive industrialization, rapid development in technologies, increased urbanization, excessive deforestation, limitless resources depletion, desertification, rapid population growth, water scarcity, food insecurity etc. are hampering the natural environmental rest of earth.
  14. Rapid migration of people for improve opportunity and clustering at one place, leaving another isolated creates pressure level at one part of the earth while the development of other part lags behind. This causes environmental imbalance every bit well as unequal global development, which causes social inequality globally. Growth in inequality may invite conflicts, social tensions and violent extremism.

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