You may have heard the term ‘4th industrial revolution’ thrown around quite a bit in the last few years, but what exactly is it, and how do we know that we are moving towards a new era in business and life in general?

The fourth industrial revolution is a shift in the way we live to blend together technology, physiology, and the human experience to create a whole new world of working and living on a scale of change not seen since the original Industrial Revolution 20th century.

The Fourth Industrial Revolution Explored

The fourth industrial revolution represents a huge moment of change in human history, of revolutionizing the way we live and the way we work, becoming more reliant on technology, but also blending the lines between what is possible for a human and what is possible for a machine and seeing how we can fit those together.

This is a great period of transformational change, and it is an exciting time of history to be living through.

People who live in the industrial revolution have the best chance to be part of a truly global population, with billions of people able to be connected to billions of other people with a lag time of mere milliseconds. It is an exciting world that we are now living in.

How Education Will Affect the Fourth Industrial Revolution

When the original business owners of the first industrial Revolution realized that steam power could change the way they worked, there was a huge influx of new entrepreneurs that were ready to make the sacrifices and take risks to become successful in business.

Never before in human history have more people had access to higher-level education and opportunities than the generations emerging now, making today’s entrepreneurs even more exciting.

With students who are interested in business taking advanced level degrees, such as a master’s in business administration, it is possible that we could be on the cusp of witnessing a shift in the very fabric of the way the everyday individual treats education, you can click here for more information on such courses.

What was once reserved for the very rich and elite is now accessible to nearly everyone who has the passion and drives to improve their lives through education.

Raising Standards of Living and Of Work

The first industrial revolution, and the subsequent industrial revolutions that followed, saw the standards of living for the everyday person rise exponentially, and this is something that is expected to continue to happen during the fourth industrial revolution.

By the year 2030, the UN aims to put an end to people living in abject poverty, both the developed world and the developing world.

Even today, we are seeing fewer and fewer people living in abject poverty, that is, living on less than $1 per day, and even childhood mortality rates in developing countries are now equal to those seen in developed countries in the 1950s.

This is a huge change and a huge improvement for the lives of people across the globe, and it has been shown time and time again that went people’s lives are improved by good medicine, good healthcare, and good economic opportunities, they are more likely to put their minds to work in entrepreneurship and to improve their own local area and country.

This is great news for people in developing worlds, as they rapidly catch up to the developed world in terms of technical abilities and business exploration.

How Governments Will React

With the rise of mobile devices and high-speed internet connections globally, it’s now more than ever down to the average citizen to understand their place globally and in the fourth wave industrial revolution. 

Some governments see this as an invasive problem, but as we see from even the most conservative governments globally, there is a move towards opening up and welcoming communication across the continents.

Countries such as China, which has traditionally been fairly closed and run on a communist manifesto, slowly open up and embrace social democracy to improve their ability to compete on a world stage for economics and manufacturing.

Mandarin Chinese is now the second most widely spoken language outside of mainland China, showing that even the most closed countries can become global superpowers within a relatively short amount of time.

How Workplaces May Adapt

While considering your place in the fourth wave industrial Revolution on a global level can be difficult for some people to get their head around, perhaps, and a more useful place to start with is in the workplace.

Technology in the workplace is both exciting and intimidating for employees at all levels. 

As more companies make investments into better technology, machine learning, and artificial intelligence, many jobs are on the line.

Economists predict that the unskilled workforce is going to be hardest hit by these changes, as many roles can now be done by machines and using automation. 

What economists have noticed, however, is that even when jobs are on the line because they are no longer financially viable, there are always more jobs ready in the wings, and people who are committed to improving their career prospects will be looking to pivot to new roles that are emerging.

Summing Up 

This is an exciting time for business, as it is an exciting time for employees, as the options for doing jobs that are truly exciting and truly varied are ever more present.

For businesses, the ability to work on a global scale and be connected to people worldwide opens up the ability for hiring across the world and running a business 24/7 to ensure that as many globalized customers and clients are reached as possible.

This 24/7 culture is having an amazing effect on jobs, and as the gig culture of 24/7 jobs shows, adaptability and flexibility in your role are going to be the two biggest things to watch out for as we enter a new future.

Fourth industrial revolution explained in one infographic