If You Follow Me hHmmm OK I ve read the same content many times before This isn t really offering anything new If you re relatively new to the topic then it s an OK coverage in a short book 200 pages I read this for work After readingundreds of pages of various research reports on this same topic I read this book Which was far boring and dryly written than any of the reports I feel like books should be engaging than research reports but maybe that s just me The fourth revolution Written on my mobile phone mainly to keep notes pardon the poor grammar 1 What it means and ow to responda Highlight a couple of areas artificial intelligence nanotechnology IOT autonomous cars biotechnology uantum computing material science 3D printing roboticsb Talks about income gap And that e expects the dis satisfaction to grow People Everyman have unrealistic expectations of what ualifies as good income c Talks about the 4th revolutions dehumanizing societyumanity losing compassion and cooperationd That governments which usually take too long to make laws maynot be able to respond in the same way as before There The End (The 30-Day Collective Book 1) has to be a faster way to do thingse There will be drastic changes in the way we do things There will be uantification of self anduman augmentation We might become kind of robots2 How to make almost anythinga 3d printing A Cidade Das Trevas (Dean Koontzs Frankenstein, has become widespreadowever 3d printing is not going to be replacing lathe or other machines This is because 3d printing is still very slow compared to these devices b Calls to protect 3d printing because of fear of manufacture of automatic weapons However the fear is miniscule because people wont be easily able to manufacture these weaponsc The center for bits and atoms at MIT as been replicated at multiple locations They provide jobs and expertise to a lot of people The 4th revolution will enable use to convert data into things and things into data 3 As objects go onlinea Talks about the very fast development of the internet compared to what the pioneers expected BITNET vs internet Bitnet was supposed to something like a connection between a terminal and the mainframe The mainframe did all the computation while the terminal was the point where the instructions were received or transmitted from Now we ave microcontrollers There could potentially be a bitnet vs internet thing for IOT If the devices themselve are not fast enough to do all the computations then it will just act as a terminal to receive and transmsit data from to the main server which resides in the cloud Typically this is what is refered to as the IOTb IOT should follow the internet development Because of security issues People will trypically try to make the IOT propreitary to make it profitable for themselves but it will be vulnerable to security The internet Tarot for Magical Times has shown that when it is open it can be probed by experts for vulnerabilities As a result these come out early and can be patchedc IOT will be further enabled ty IPv6 which willave a lot numbersalphabets to identify sensorsactuators 4 The rise of big dataa Society so far as relied on limited amount of data because it was difficult to gather a lot of data Now that limitation as been removedb Big data enables us to uery Nall and gather insights about subgroups which were not possible before c It still reuires Dangerous Heat human judgement andypothesis testing Its just that the Birds, Beasts, and Bandits hypothesis testing canappen much faster d Big data relies on data from the past If you rely on data purely from the past and you were enry ford you will try to build a faster orse rather than a mass market care Propreitary data can lead to monopolies such as google and facebook are doing How do you make sure that the data being collected doesn t become a monopolyf Privacy concerns who does the data belong to g Ability to find correlations rather than causations In this mode of thinking you become ok with relying on inaccurate data because you can make up for it by usign large amounts of data5 Mobile finance in the developing worlda Micro lending The Accidental Startup has beenailed in the popular media The Man in the High Castle however research studies show that their effectiveness maynot be asigh as projected in the mediab Mobile based finance is much effective The ability to uickly send money reduces friction and enables people to engage in entrepreneual activities which in turn elp them get out of povertyc This also enables acuiring large amounts "of data which then enables people to improve the uality of the "data which then enables people to improve the uality of the Perhaps this ability to collect data will become a foundation for all products that will be built in the futured Eliminating cash as been shown to be extremely effective in reduce operating costs for Indiae Even though mobile #finance A Taste of Darkness (Mackenzie Vampires has been very effective its still very importatn toave local places where cash can be withdrawn within a certain #has been very effective its still very importatn to In Darkest London have local places where cash can be withdrawn within a certain Sythetic biologya Talks about some epidemics in synthetic biology such as H5N1 GOF synthetic biology and H7N9b Talks aobutow to go about control the spread of information about such diseases and that this is really a issue of transfer of information c No standard about the risk of these various diseases and Naturalistless highlights theuge difficulty in implementing standards7 Roboticsa Author talks about a future of self driving cars which reduces traffic by 80% with much fewer accidentsb Says there will be a mix of self driving cars and person driven cars on the road The self driving car will decide on its own where to get off and The MeatEater Fish and Game Cookbook: Recipes and Techniques for Every Hunter and Angler how to efficiently route the car for reducing problems in the roadc Imagines a future where all the low level stuff thatumans are not good at or shouldn t be spendign time at such as getting breakfast or going to the mall is robotizedd Draws a parallel bet Simple Informative Useful Ohhhhh I d love to write an alternative version of this bookThe usual suspects are Babys Mealtime here that we see in all Schwab s books Disruption Drones Networking Speed YawnBut what is interesting is just theint of what The Miracle Equation happens to labour to workers through this fourth industrial revolutionBottom line Fewer people are reuired to complete work So less people will be needed in the workplace So fewer people will be paidTherefore labour surplus will increase Therefore people will be I wrote a 1200 word review of this and then my laptop crashed and I lost it soere s the gist Interesting to read a senior economist speak about likely macroeconomic changes resulting from technology Despite The Dawn of Modern Thought his cautious optimism we re clearly all screwed Brace yourself for an era of mass unemploymentGood read though lots of facts and figures and graphs and data The Fourth Industrial Revolution by Klaus Schwab The Fourth Industrial Revolution is an average to above average book about the forces of disruption and the innovation shaping our future Professor Klaus Schwab Founder and Executive Chairman of the World Economic Forum describesow technology and society coexist and makes the case that we are in the midst of a fourth and distinct revolution This 199 page succinct book includes the following three chapters 1 The Fourth Industrial Revolution 2 Drivers and 3 Impact Positives1 A well written straightforward book2 Mastery of the topic 3 Makes perfectly clear what this book is all about in the introduction In writing this book my intention is to provide a primer on the fourth industrial revolution what it is what it will bring The Infamous Ellen James (Infamous, how it will impact us and what can be done toarness it for the common good 4 Provides the three main goals of this book and Above all this book aims to emphasize the way in which technology and society co exist 5 Provides istorical context of the industrial revolution The first industrial revolution spanned from about 1760 to around 1840 Triggered by the construction of railroads and the invention of the steam engine it ushered in mechanical production 6 He makes a strong case for a fourth industrial revolution I believe that today we are at the beginning of a fourth industrial revolution It began at the turn of this century and builds on the digital revolution It is characterized by a much ubiuitous and mobile internet by
smaller and powerfuland powerful that ave become cheaper and by artificial intelligence and mach. World renowned economist Klaus Schwab Founder and Executive Chairman of the World Economic Forum explains that we ave an opportunity to shape the fourth industrial revolution which will fundamentally alter ow we live and workSchwab argues that this revolution is different in scale scope and complexity from any that Satria dari Negeri Tayli 1-28 have come before Characterized by a range of new technologies that are fusing the physical digital and biological worlds the developments are affecting all disciplines economies industries and governments and even challenging ideas about what it means to beumanArtificial intelligenc. Ine learning 7 Explains what makes the fourth industrial revolution different from previous revolutions8 Spells out is two main concerns with the fourth industrial revolution The challenges created by it 9 The three main drivers behind the fourth industrial revolution I Out of the Shadows, Into the Streets! have organized the list into three clusters physical digital and biological 10 Goes over some of the key features of the three driving clusters the technological advances11 Describes the scale and breadth of impact of the revolution In all these areas one of the biggest impacts will likely result from a single force empowermentow governments relate to their citizens Digital Crossroads how enterprises relate to their employees shareholders and customers orow superpowers relate to smaller countries The disruption that the fourth industrial revolution will ave on existing political economic and social models will therefore reuire that empowered actors recognize that they are part of a distributed power system that reuires collaborative forms of interaction to succeed 12 Goes over key global demographics13 Provides support for is pragmatic optimism The fourth industrial revolution The Einstein Theory of Relativity has the potential both to increase economic growth and to alleviate some of the major global challenges we collectively face We needowever to also recognize and manage the negative impacts it can How to Negotiate Your First Job have particularly with regard to ineuality employment and labour markets 14 The direct impact on employment To get a grasp on this weave to understand the two competing effects that technology exercises on employment First there is a destruction effect as technology fuelled disruption and automation substitute capital for labour forcing workers to become unemployed or to reallocate their skills elsewhere Second this destruction effect is accompanied by a capitalization effect in which the demand for new goods and services increases and leads to the creation of new occupations businesses and even industries 15 The main negatives So far the evidence is this The fourth industrial revolution seems to be creating fewer jobs in new industries than previous revolutions 16 Provides elpful boxes that capture a specific issue and ow it relates with the fourth industrial revolution The first box illustrates the impact on gender issues17 The four major impacts on business The fourth industrial revolution Perfect Justice (Ben Kencaid, has four main effects on business across industries customer expectations are shifting products are being enhanced by data which improves asset productivity new partnerships are being formed as companies learn the importance of new forms of collaboration and operating models are being transformed into new digital models 18 The roles that governments must assume to master the fourth industrial revolution When assessing the impact of the fourth industrial revolution on governments the use of digital technologies to govern better is top of mind More intense and innovative use of web technologies canelp public administrations modernize their structures and functions to improve overall performance from strengthening processes of e governance to fostering greater transparency accountability and engagement between the government and its citizens 19 Some interesting side topics discussed like cyber warfare20 The way forward and The Literary Relationship of Lord Byron and Thomas Moore helpful appendicesNegatives1 Lacks panache The book is dry and lacks engagement 2 An excellent topic that the author did not take advantage of Lacks depth3 There are better books on this topic The Second Machine Age written by Brynjolfsson and referenced in this book is far superior 4 The format is lackluster and the book is uneven5 Repetitive 6 No notes or links to notes7 No formal bibliography In summary Iave to say I was mildly disappointed with this book it lacked engagement and panache That stated Schwab does provide some interesting observations of the current state of affairs and does a good job of making the case for being in the midst of the fourth industrial revolution Good effort but should Suggestions for Marketing Small Timber have been better Read if interested in the topic Further recommendations The Second Machine Age Work Progress and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson and Andrew McAfee Race Against the Machine by the same authors Rise of the Robots by Martin Ford Our Final Invention by James Barrat Tomorrowland by Steven Kotler Singularity Is Near by Ray Kurzwell The Price of Ineuality by Joseph Stiglitz Why Nations Fail by Daron Acemoglu and Saving Capitalism by Robert B Reich This book is written by the founder of the World Economic Forum and one of the things I ve noticed is that if you want to read aorror story about what is about to New Exploration happen to jobs then reading reports from WEF or the IMF are of Stephen King scale terror Basically allell is about to break loose and even the #Masters Of Capitalism Are Terrified About What #of capitalism are terrified about what might meanThe problem as so many other books I ve read recently on this topic say The Shaping of Western Civilization has most to do with exponential growth And the problem with this is that weumans struggle to think in terms of exponential growth we generally ave enough trouble understanding linear growth And this isn t like the changes we ave witnessed before As The Ecology, Exploitation and Conservation of River Turtles he saysere the iPhone is essentially a super computer that sits in our pockets The changes that are about to Medicine and Religion happen as these things continue to gain power and as things become connected to the internet than people are connected and we start toave tattoos and shirts that are digitally connected too and like I said while reading this I started to feel as if I was looking over the edge of a cliff I m going to uote the bits of this that I found particularly terrifying A couple of them I ve mentioned before in other reviews this first one as become my mantra to people when they ask me what I ve been researching But ere e gives a fuller explanation of the problem According to an estimate from the Oxford Martin here e gives a fuller explanation of the problem According to an estimate from the Oxford Martin on Technology and Employment only 05% of the US workforce is employed in industries that did not exist at the turn of the century a far lower percentage than the approximately 8% of new jobs created in new industries during the 1980s and the 45% of new jobs created during the 1990s And there is the problem Much of the shift in the economy towards new industries in this new industrial revolution is clearly making it redundant to do a remarkable number of things that we ave done for a long time There are predictions that soon paralegals accounts clerks secretaries and administration officers will be job titles with the same nostalgic appeal as ansom cab driver and blacksmith But the new industries simply ave not been creating new jobs at the same rate as they are about to start destroying them And this is a significant new trend The way this argument is meant to go is that all revolutions make some jobs extinct but they also increase productivity and in doing so create wealth which creates new demands which in turn creates even jobs Except that too many of the new industries don t seem to work like that my other favourite example I ve being telling people is of Instagram being a billion dollar company what when it was purchased and yet it only employed a total of 13 peopleAll of which is about to be made very much worse by the other exponentially growing problem we face ineuality As e says Craving (Willow Creek, here the richest one percent of the world ownsalf of everything He uotes The Spirit Level Why More Eual Societies Almost Always Do Better which says that eual societies are often better on a wide range measures ealth appiness while less eual societies are worse off crime prison population infant mortality You need to remember who is telling us this whatever you think of the WEF this is certainly not a crazy left wing fringe group If they are saying beware it is time to listen The best of this book isn t really in the book itself but rather in the appendix This Yonen Buzz, Volume 1 (Yonen Buzz, has a list of 23 trends that are about to become deep shifts He bases this bit of the book on surveys the WEF did with 800 executives They were asked about these 23 trends and if they thought that by 2025 they wouldave reached their E is already all around us from supercomputers drones and virtual assistants to 3D printing DNA seuencing smart thermostats wearable sensors and microchips smaller than a grain of sand But this is just the beginning nanomaterials 200 times stronger than steel and a million times thinner than a strand of air and the first transplant of a 3D printed liver are already in development Imagine “smart factories” in which global systems of manufacturing are coordinated virtually or implantable mobile phones made of biosynthetic materialsThe fourth industrial revolution says Schwab is significant an. Ipping point For most of these the answer is yes He then goes through the costs and benefits of eachLook even if you are Pollyanna and you think that the changes we are about to experience will be infinitely positive and make our lives incomparably better you will still recognise that the changes about to it us are going to cause untold disruption That in itself might not be a terrible thing the problem is that the new jobs whatever they are likely to be are going to reuire people up skilling and one only needs to look at the problem of student debt in the US and elsewhere to know that isn t going to be at all easy for people to achieve particularly not those on the bottom of the pile who The Wood Demon have no current skills and noistory of gaining skills through the education system How they are supposed to suddenly go from being a truck driver to being a web designer isn t in the least bit clear to meThis is coupled with the assessment of the author s that employment will grow in First Shapes high income cognitive and creative jobs and low income manual occupations but will greatly diminish for middle income routine and repetitive jobs And this is predicted to impact women than men Ase explains While it is difficult to map the competencies and skills expected in industries not yet created we can reasonably assume that demand will increase for skills that enable workers to design build and work alongside technological systems or in areas that fill the gaps left by these technological innovations And that means men Because men still tend to dominate computer science mathematical and engineering professions increased demand for specialized technical skills may exacerbate gender ineualities Yet demand may grow for roles that machines cannot fulfil and which rely on intrinsically Dispatches from Dystopia human traits and capabilities such as empathy and compassion Women are prevalent in many such occupations including psychologists therapists coaches event planners nurses and other providers ofealthcare And while that is true many of those occupations are often relatively low paid and worse they are often what Nancy Frazer refers to as pink collar jobs although ghettos would perhaps be just as accurate The other problem is that while governments increasingly struggle to raise tax revenue and wages Max and the Tom Cats (More Bob Books for Young Readers, Set II, Book 8) haven t risen in real terms for decades it isn t clear where the money to pay for these services will come fromLike I said at the start none of this makes forappy reading Hence conversations among educators and developers about the ethical standards that should apply to emerging technologies of the fourth industrial revolution are urgently needed to establish common ethical guidelines and embed them in society and culture It is interesting to read an appeal to educators in a book by the founder of the World Economic Forum in Davos After describing the massive paradigm shifts that we are currently experiencing due to what Klaus Schwab calls the fourth industrial revolution Ancient World he admits that we are facing difficult responsibilities which cannot be solved by the ever advancing technologies alone In order to make the era of machine learning and artificial intelligence fruitful rather than disastrous forumankind international treaties are needed but they are insufficient as they tend to lag behind the technological status uoWhile opening up fantastic possibilities especially in ealth care and communication the new developments need to be controlled and adjusted to prevent negative aspects from dominating Increasing ineuality and with it increasing injustice and violence as well as the growing threat of total surveillance in the digital sphere are the downsides of a mindbogglingly fast change in society ruled by around the clock interconnectednessThe appendix listing the many technological shifts and their impact both positive and negative on society as a whole is well worth studying as the different developments in various business areas interlink in their effects on wellbeing and privacyRecommended The author Klaus Schwab is a German born business professor at the University of Geneva He was founder of the World Economic Forum in 1971 The WEF facilitates the meeting of business and political leaders selected intellectuals and journalists to discuss the future of global economics The central theme of the 2016 meeting of the Forum focused on the Fourth Industrial Revolution as defined and discussed by Professor Schwab in a lengthy essay published in Foreign Affairs in 2015 This book is essentially an expanded version of that essay plus some added material which are the results of canvassing the meeting participants regarding when various technological breakthroughs will reach their respective tipping points Some of the results of this survey is included in #the Appendix of this bookThis book provides a thorough discussion of the #Appendix of this bookThis book provides a thorough discussion of the future impacts of these changes The author is willing to acknowledge the possible detrimental results but then e goes on to say the others predict optimistic outcomes I get the impression that the author was trying to be objective but conseuently Събрани разкази, Том 5 his reluctance to advocate for a particular position makes this book dry reading material I was very dissatisfied with the chapter titled The Way Forward near the end of the book s message I was looking forward to some sort of recommended plan for making the necessary adjustments for society to adapt to the coming economic changes Instead the message I took from that chapter were generalities such as the following we must adapt shape andarness the potential of disruption by nurturing and applying four different types of intelligence contextual the mind emotional the ear inspired the soul physical the body The author elaborates on these but I found these discussions to be lacking specificsThe following is a listing of the anticipated future technological advancements and their respective tipping point dates based on a survey of 800 business executives They were asked to gage when they anticipate that these game changing technologies will break into the public domain to a Significant Degree The Percentage degree The percentage next to the items below is the percentage of survey respondants that believed that the tipping point would be achieved by the year 20251 Implantable Technologies 82%2 Our Digital Presence 84%3 Vision as the New Interface 86%4 Wearable Internet 91%5 Ubiuitous Computing 79%6 A Supercomputer in Your Pocket 81%7 Storage for All 91%8 The Internet of for Things 89%9 The Connected Home 70%10 Smart Cities 64%11 Big Data for Decisions 83%12 Driverless Cars 79%13 AI Decision Making 45%14 AI White Collar Jobs 75%15 Robotics and Services 86%16 Bitcoin the Blockchain 58% 17 The Sharing Economy 67% 18 Governments the Blockchain 73%19 3D Printing Manufacturing 84% 20 3D Printing Human Health 76%21 3D Printing Consumer Products 81%22 Designer Beings vote result not shown23 Neurotechnologies vote result not shownEach of the above anticipated technological advances are thoroughly described in the Appendix along with the above survey resultsNumbering of the Revolutions In my opinion there is no fourth industrial revolution What this author is calling the fourth industrial revolution is simply a continuation of the third I get the impression from this book that e thinks the current situation deserves its own label because of the speed of change But exponential rates of change occurred during the Third Industrial Revolution it s just that at this point in time the changes appear really fast That s what exponential rates doThe following are the definitions of the various industrial revolutions as used by this book1 The Machine Age 1760 1840 The Steam Engine Railroads 2 Mass Production late 19th early 20th c Assembly Line Manufacturing Electricity 3 The Digital Revolution from mid 1960s Computers Semiconductors Internet4 The Fourth IR Ubiuitous Mobile Internet Internet of Things IoT with Sensors Artificial Intelligence AI Gene Seuencing NanotechnologyThe following is not from the book but it provides a graphic that Waterloo (Sharpe, helps explain the various revolutions Here s a link to an explanation of the Internet of Thing. D its ramifications profound than in any prior period ofuman Cinderella history He outlines the key technologies driving this revolution and discusses the major impacts expected on government business civil society and individuals Schwab also offers bold ideas onow to arness these changes and shape a better future one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them We all ave the opportunity to contribute to developing new frameworks that advance progress. .