20210411_MasterClass Deck

12/04/2021

4 th Industrial Revolution versus Sustainable Development

Image source: Piquels

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4th Industrial Revolution (4IR)

• 4IR, is “ ’cyber-physical systems’ involving entirely new capabilities for people and machines ” – World Economic Forum • Generally, 4IR has been driven by 4 developments • High-speed Internet, AI and automation, big data analytics, and cloud technology • Several benefits of 4IR, including • Increased productivity, efficiency and quality in processes • Greater safety for workers especially in dangerous environments • Enhanced decision making due to use of data-based tools • But, AI and automation will have the biggest impact on workforce and considerable job loss globally

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