IMPACT OF THE FOURTH INDUSTRIAL REVOLUTION

Abstract

The Fourth Industrial Revolution, finally, will change not only what we do but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we developour careers, cultivate our skills, meet people, and nurture relationships. The technological revolution in the modern developing environment in which innovative technologies and trends such as the virtual reality (VR), Internet of Things (IoT), Artificial Intelligence (AI), Robotics are fundamentally altering the way of living, working and relationships to one another, is known as Fourth Industrial Revolution or Industry 4.0 or Industrie 4.0. The Fourth Industrial Revolution is reshaping every sphere of human life — from government to commerce; from education to healthcare. It is even impacting humanvalues, opportunities, relationships and identities by modifying virtual as well as physical worlds of human beings.