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The Fourth Industrial Revolution-Professor Dr.-Ing. Klaus Schwab

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World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that 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 be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, 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 hair 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 materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human 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 on how to harness 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 have the opportunity to contribute to developing new frame­works that advance progress.

Book The Fourth Industrial Revolution Review :



This book documents how people will be consolidated as valueless beings in a world ran by robots, AI and those in the upper echelon of politics and wealth. This outlines the coming power of globalization over all nations everywhere. Read it and look at it from a big picture perspective. It is scary.
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 book.This book provides a thorough discussion of the possible future impacts of these changes. The author is willing to acknowledge the possible detrimental results, but then he goes on to say the others predict more optimistic outcomes. I get the impression that the author was trying to be objective, but consequently 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 and harness the potential of disruption by nurturing and applying four different types of intelligence:— contextual (the mind) ...— emotional (the hear) ...— inspired (the soul) ...— physical (the body) ..."The author elaborates on these, but I found these discussions to be lacking specifics.The 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 listed next to the items below is the percentage of survey respondants that believed that the tipping point would be achieved by the year 2025.1. Implantable Technologies—82%2. Our Digital Presence—84%3. Vision as the New Interface—86%4. Wearable Internet—91%5. Ubiquitous 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. A.I. & Decision Making—45%14. A.I. & 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 results.Numbering of the RevolutionsIn 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 he 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 do.The following are the definitions of the various industrial revolutions as used by this book:1. The Machine Age (1760-1840): The Steam Engine, Railroads2. Mass Production (late 19th - early 20th c): Assembly Line Manufacturing, Electricity3. The Digital Revolution (from mid 1960s-): Computers, Semiconductors, Internet4. The Fourth IR: Ubiquitous Mobile Internet, Internet of Things (IoT) with Sensors, Artificial Intelligence (AI), Gene Sequencing, Nanotechnology

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