Analysis of the Fourth Industrial Revolution: A Detailed Presentation

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Added on  2023/06/12

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This essay provides a comprehensive analysis of a presentation on the Fourth Industrial Revolution, highlighting its significance since the eighteenth century. It explores the fusion of technologies blurring the lines between physical, digital, and biological spheres, discussing emerging technologies like AI, robotics, and nanotechnology. The analysis covers the opportunities and challenges presented by the revolution, including advancements in logistics, wealth maximization, and automation, alongside issues like inequality and job losses. It emphasizes the importance of skills like creativity, negotiation, and cognitive flexibility in adapting to this revolution. Furthermore, the essay examines the impact on UAE society, focusing on improved business dealings and technological advancements, and its effects on individuals, including increased productivity and potential job displacement. The essay concludes by noting the revolution's role in enhancing communication and fostering mutual interest in the workplace.
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Portrayal of the industrial rebellion “fourth” from the assessment point of
presentation
It is evident from the learning’s gained in presentation that revolution of the fourth
industrialization continues to be momentous in nature from the age of first revolution
which started in eighteenth century. Various lines comprising of physical, numerical along
with biological sphere is blurred by the combined fusion of different technologies at one
place (The Fourth Industrial Revolution, 2018). The aspect of widely emerging
technologies has been briefly discussed in the presentation. Apparently with the
subsequent vehicles such as cybernetics, artificial intelligence, biotechnology features, 3D
printing, advancement of block chain in computer usage, introduction of Nano technology,
the remnants continues to form the part of invention. Numerous people allied the second
phase of machine with fourth industrial revolution in context of the digitalisation impacts
and artificial intellect. Moreover, there are some extended purposes as well for the
progression in technologies additionally with organic sector (Xu et al., 2018). However,
the former continues to be troublemaking for the operative work carried out in
organisation within the universal community. Many changes were drawn by the
revolutionary impact which outlines the massive influence on transformation of whole
system. The system comprises of production department, governance regulators, along
with organised management structure in different countries (The Fourth Industrial
Revolution, 2018). The presentation also depicts how the technology embedded during
fourth industrial revolution lead towards the edge of massive influences. As a result,
billions of people got connected through the broad framework of web which directly has
impact upon the effectiveness and efficiency within the organisation (Kim, 2017). The
resultant outcome was management of assets in the surrounding environment has
enhanced with the help of the revolution.
Availability of Challenges and opportunities beyond people
Along with numerous problems, there was a proportionate flow of opportunities as well on
the start of fourth industrial revolution. Furthermore, there was a tremendous increase in
structure of logistics sector along with transportation facilities. There was fundamental
change in the order procedure because of the advancement made in the societal
undertaking (Abdin, 2017). The prominent areas where opportunities were major embrace
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of inclusive development, wealth maximization with evolution of GDP and improved
enactment of the minor-middle scale organisation. Some more comprises of automation in
agriculture, access to healthcare, wide connection, enhanced ladder of progress in addition
with assessment of updated technologies to predict the natural calamities.
The foremost challenging part lies with the management of organisation to incorporate the
enactment of required skills, so that workings of industrial internet could be transformed.
In the contrast the subsequent problems attached with 4th industrial progression consists of
inequality, end of minimum charges, fewer job opportunities, interference by lower erudite
individuals. With the advent of robotics technology, labour force is affected adversely (Xu
et al., 2018). Also, it provides huge access to the international organisation to capture the
market place and earn heavy profits. The aforesaid is the outcome of diverse approaches
applied such as granting of additional values, the impact of susceptible situation in
countries of LCD and realisation of measures to counterpart the attack of cybercrime and
digital security. Alongside, the modification in the technology has been a reason for
extensive job losses by persons. Those who are still employed are not skilled enough to
complement the use of updated technology.
Skills which are necessary to be endured with the implementation of 4th industrial
revolution
The topmost skill to cope up with the pace of industrial revolution is creativity as
workforce needs to create new technologies, products along with the knowledge of
recognised approaches. Moreover, the proportion of legal skills is mandatory so that
capability to thrive with the impact of revolution could be developed (Yoon, 2017). To
manage the human resource in an organisation some of the protuberant skills required are
capacity to negotiate, service orientation, decision making and judgement along with tact
of cognitive flexibility. Various other skills obligatory in 4th industrial revolution involve
the commensuration of refined techniques and precarious thinking power to solve the
problems. The content of creativity index in individuals helps in bringing the required
change through revolution (Tranos & Nijkamp, 2012). The discretion of managing people
and solving the aroused problem helps in increasing the productivity of labour force in the
working environment. As people attempts to work along the dimensions of 4th industrial
revolution, the cognitive flexibility becomes essential part. It also helps in advancement of
career prospects with the flow of technology (Abdin, 2017). People realises the worth of
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creativity as it formulates the orientation skill and provides the decision making power
along with fair judgments. In overcoming various other challenges attached with the
revolution, art helps in recognising and doing things out of the box.
Impact of 4th industrial revolution on UAE society in general terms
The impact of 4th industrial revolution on United Arabs Emirates was significant in nature.
Howsoever, the business dealings are improved to the large extent and various leaders in
government department of UAE recommends the insight of respective dealings on the
position map of the work allotted. This leaves behind the relevant impact on the
technological and social advancement, business operations strategy along with improved
aptitude of people (Does block chain portend a “fourth industrial revolution”, 2017). The
impact of revolution is also initiated by fundamental improvement which is made
continuously in the process of manufacturing as well as other technologies. The
opportunity so attained allows the operators to make a subsequent shift in the operations
and improved services are rendered with the help of physical techniques. This approach is
expected to showcase the results of growth and increase in overall development by the
implementation of innovative assistance (Kim, 2017). Besides, it will generate the varied
dimensions of change by the way of huge investment and making industrial internet as
compulsion to be applied in corporate management.
Impact of 4th industrial revolution on individuals
With the enactment of revolution, people will be more empowered to use the machines
and increase the respective productivity. Also they learn to be creative by ensuring that
targeted objectives are timely met. On the extent of disruptive advancement made in
technology, numerous cases of humankind have sustained to embark for long. Both
challenges and opportunities will be accounted on the grounds of labour force and
companies after the successful presentation of 4th Industrial Revolution (Kim, 2017). Tasks
will be completed within a shorter span of time with the help diversified technologies
devices. Instead, it will also bring along the job losses as workforce will be replaced by the
installation of technology so that refined productivity is obtained in marketplaces.
Therefore, the individuals will have long term negative repercussion in the context of
showcasing their individual skills and ability. Besides, it will further improve the
procedure of communication within the frames of workplace (Han, 2017).
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Correspondingly, mutual interest will be favoured as workers would be able to
communicate with the embattled clients. Also, by using the social media platform the bid,
mode of delivery and payment along with payment method for respective goods and
services can be discussed.
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