“The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland.
Simply put, the Fourth Industrial Revolution refers to how technologies like artificial intelligence, autonomous vehicles and the internet of things are merging with humans’ physical lives. Think of voice-activated assistants, facial ID recognition or digital health-care sensors.
It took 75 years for 100 million people to get access to the telephone; the gaming app “Pokemon Go” hooked that many users in less than one month in 2016.”
“President of Pakistan, Arif Alvi has urged the local youth to get itself well prepared for the 4th industrial revolution that is fast taking the world by storm and would be the key to virtual existence.
Addressing an estimated number of 5000 candidates appearing for entrance to the Presidential Initiative on Artificial Intelligence and Computing here on Sunday, he said each and every nation/country has to be part of the game that has begun in form of artificial intelligence, data computing and information technology.”
World Economic Forum founder Klaus Schwab in the WEF building in Geneva, Switzerland. Vera Hartmann—13 Photo/Redux
“In recent months, to give just a few examples, Alphabet’s Waymo division launched America’s first commercial self-driving taxi service; China’s Xinhua News introduced the world’s first A.I.-powered news anchor; and Lockheed Martin began 3D-printing parts for its F-35 fighter jets.
First, businesses must proactively collaborate to create new norms around technology.
Hence, my second point of action: Now’s the time for business leaders of all stripes to experiment more and faster.
Third, businesses need to adopt adequate strategies to respond to technology-driven risks
Last, business leaders must do more to understand the wider context in which they operate and the unintended consequences their actions may have, and revise their strategies accordingly.”