Opportunities and Challenges of the Fourth Industrial Revolution

Abstract

The 4IR should be directed and intended to accomplish expansive additions. Proper planning and guidelines are important to mask the benefits of fourth IR and limit the potential harms that it might cause. Government must take steps to ensure that the countries have the fundamental framework needed to roll out the changes. The fourth industrial revolution is a result of increased technology developments in artificial intelligence, machine learning, and robotics paired with high computing power and big data. There has been an exponential rise in this technology because of excessive use of automation in the current digital era. The development of the 4IR is exponential and is affecting almost every country’s industrial sector. The entire system of production, distribution, and management would be completely transformed by the scope and wisdom of 4IR. Computers with AI can think like human beings, recognize complex patterns, process information, draw conclusions, and make recommendations.