What is the 4th industrial revolution?

The Fourth Industrial Revolution can be described as a range of new technologies that are fusing the physical, digital and biological worlds, and impacting all disciplines, economies and industries.
— The Fourth Industrial Revolution. World Economic Forum

 

As you probably know Artificial Intelligence has been with us for as far as computers were created in different forms and shapes, with that said, AI is here to stay and evolve and it will be part of the 4th industrial revolution, it is in motion and it is inevitable. 

It will transform our lives forever, the job market will be disrupted, our houses, our cars, our factories, they will be governed by machines, therefore, we the people, will require a completely different set of skills in order to adapt to this new order.

On average, by 2020, more than a third of the desired core skill sets of most occupations will be comprised of skills that are not yet considered crucial to the job today.
— World Economic Forum

Machine Learning and AI will replace certain jobs with automation, for example, we started 2017 with an interesting report about a Japanese company replacing 34 employees with AI. This is just an instance, a drop in the ocean. Yes, this made the news as AI is a trendy topic in the media, as it is a significant event, one of the many to come.

Some reports indicate that 47% the Jobs in the US are threaten by machines.

Some reports minimise this number substantially. 

Do we need to be afraid of AI?

We can't really know for sure, what we know is that all trend analysis indicate there is a new paradigm in our society that will require a different set of tools if we want to provide social economic stability over the next few years to the global community.

Below World Economic Forum video encapsulates perfectly the road that we have ahead, the future is exciting but it is also full of uncertainty.

I for one, see the potential of AI as a greater good, releasing the full creative potential of the human mind.

What are are your thoughts? Join the conversation.