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The Fourth Industrial Revolution: Video - A Reaction Paper

   

Added on  2023-06-13

7 Pages1653 Words487 Views
Running Head: THE FOURTH INDUSTRIAL REVOLUTION: VIDEO 1
The Fourth Industrial Revolution: Video
A REACTION PAPER
Submitted by:
(Name of Student)
(ID Number)
GED 203
Critical Thinking Techniques
Spring2017 -2018

THE FOURTH INDUSTRIAL REVOLUTION: VIDEO 2
Description of the Fourth Industrial Revolution from the presentation
From the ideas presented in the video, it is clear that the revolution of Fourth
Industrialization remains to be the fourth significant era of industrialization since the first
revolution of industrial of the eighteenth century. The revolution is mostly characterized by the
fusion of different technologies that stay to blur the lines amongst the digital, physical as well as
biological sphere (The Fourth Industrial Revolution | Full Version (Subtitled), 2018). Besides,
there is an aspect of emerging technology in the presentation. Emergent remains to be a
breakthrough in different fields comprising of artificial intelligence, robotics, the block chain,
advancement in computer usage, biotechnology, the technology of nano, printing using 3D, The
Internet of Things, along with vehicles that are autonomous. Most people associated Fourth
revolution of industrial with the second age of machine about the influences of digitalization as
well as artificial intelligence on the economy concern, although other broader purpose for
advances in technologies within the organic sector (Xu et al., 2018). Therefore, from the video
clip, Fourth Industrial Revolution remains to be the disrupting for operations of most
organizations around the global community. The revolution brought massive influence towards
transforming entire systems used for governance, production, as well as management of different
countries, operations, along with organizations (The Fourth Industrial Revolution | Full Version
(Subtitled), 2018). Besides, the clip illustrates how advancement in technology during the Fourth
Industrial Revolution have to lead to massive influence in connecting billions of individuals to
the web resulting in improving the efficiency of the organization together with the organization
(Kim, 2017). The revolution has helped in regenerating the natural surrounding through better
management of the asset.

THE FOURTH INDUSTRIAL REVOLUTION: VIDEO 3
Opportunities and challenges that lie beyond people as they approach the 4th Industrial
Revolution
There were several opportunities together with problems that came with the Fourth
Industrial Revolution. It increases the efficiency of transport along with the infrastructure of
logistics. It leads to a radical change of existing order in favor of the little advancement in the
society (Abdin, 2017). Some opportunities include maximization of wealth through the
continuous progress of growth of GDP, inclusive development, and improving the performance
of the small,-medium organization. Other opportunities include connecting disconnected people,
jumping into the advanced stage of progress, automation of agriculture, the transformation of
technologies for agro-production, more access to healthcare, along with establishing the modern
technology to forecast on natural calamities.
The primary challenge remains to be the transformation of the industrial internet that
needs management of the organization to develop skills to cope with the changes. The problems
of the 4th industrial revolution comprise of loss of job opportunities, disruption by the lower
learned individuals, inequality, political instability, end of low charges, low skilled labor based
industrialization that result to artificial intelligence along with robotics technology (Xu et al.,
2018). The other challenges include more marketplace access to the large international
organizations through approaches of offering additional value to the clients, the vulnerability of
countries of LCD to focus on fighting with crimes in cyber and digital security and other cyber
attacks. Besides, the shift in technology led to substantial job losses by individuals that entirely
dependent on the previous use of technology for any purpose.

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