( FREE The Fourth Industrial Revolution ) ☆ Klaus Schwab – xermadeenfotos.org

Leave a Reply

Your email address will not be published. Required fields are marked *

Railroads and the invention of the steam ngine it ushered in mechanical production 6 He makes a strong case for a fourth industrial revolution I believe that today we are at the beginning of a fourth industrial revolution It began at the turn of this century and builds on the digital revolution It is characterized by a much ubiuitous and mobile internet by smaller and powerful sensors that have become cheaper and by artificial intelligence and machine learning 7 Explains what makes the fourth industrial revolution different from previous revolutions8 Spells out his two main concerns with the fourth industrial revolution The challenges created by it 9 The three main drivers behind the fourth industrial revolution I have organized the list into three clusters physical digital and biological 10 Goes over some of the key features of the three driving clusters the technological advances11 Describes the scale and breadth of impact of the revolution In all these areas one of the biggest impacts will likely result from a single force Resume Writers Workbook empowerment how governments relate to their citizens hownterprises relate to their Top Ten Of Everything 1995 employees shareholders and customers or how superpowers relate to smaller countries The disruption that the fourth industrial revolution will have onxisting political Southern Sons economic and social models will therefore reuire thatmpowered actors recognize that they are part of a distributed power system that reuires collaborative forms of interaction to succeed 12 Goes over key global demographics13 Provides support for his pragmatic optimism The fourth industrial revolution has the potential both to increase Clio and the Crown economic growth and to alleviate some of the major global challenges we collectively face We need however to also recognize and manage the negative impacts it can have particularly with regard to ineualitymployment and labour markets 14 The direct impact on Friday Forever employment To get a grasp on this we have to understand the two competingffects that technology Teen 2.0 exercises onmployment First there is a destruction The Origins of Anti-Authoritarianism effect as technology fuelled disruption and automation substitute capital for labour forcing workers to become unemployed or to reallocate their skillslsewhere Second this destruction In Search of Elvis effect is accompanied by a capitalizationffect in which the demand for new goods and services increases and leads to the creation of new occupations businesses and In Search Of Elvis even industries 15 The main negatives So far thevidence is this The fourth industrial revolution seems to be creating fewer jobs in new industries than previous revolutions 16 Provides helpful boxes that capture a specific issue and how it relates with the fourth industrial revolution The first box illustrates the impact on gender issues17 The four major impacts on business The fourth industrial revolution has four main Transitional Justice Beyond Blueprints effects on business across industries customerxpectations are shifting products are being Online Intercultural Education and Study Abroad enhanced by data which improves asset productivity new partnerships are being formed as companies learn the importance of new forms of collaboration and operating models are being transformed into new digital models 18 The roles that governments must assume to master the fourth industrial revolution When assessing the impact of the fourth industrial revolution on governments the use of digital technologies to govern better is top of mind More intense and innovative use of web technologies can help public administrations modernize their structures and functions to improve overall performance from strengthening processes of governance to fostering greater transparency accountability and Injury Time engagement between the government and its citizens 19 Some interesting side topics discussed like cyber warfare20 The way forward and helpful appendicesNegatives1 Lacks panache The book is dry and lacksngagement 2 An Toddlers and Tequila excellent topic that the author did not take advantage of Lacks depth3 There are better books on this topic The Second Machine Age written by Brynjolfsson and referenced in this book is far superior 4 The format is lackluster and the book is uneven5 Repetitive 6 No notes or links to notes7 No formal bibliography In summary I have to say I was mildly disappointed with this book it lackedngagement and panache That stated Schwab does provide some interesting observations of the current state of affairs and does a good job of making the case for being in the midst of the fourth industrial revolution Good Ending War Crimes, Chasing the War Criminals effort but should have been better Read if interested in the topic Further recommendations The Second Machine Age Work Progress and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson and Andrew McAfee Race Against the Machine by the same authors Rise of the Robots by Martin Ford Our Final Invention by James Barrat Tomorrowland by Steven Kotler Singularity Is Near by Ray Kurzwell The Price of Ineuality by Joseph Stiglitz Why Nations Fail by Daron Acemoglu and Saving Capitalism by Robert B Reich Simple Informative Useful Hmmm OK I ve read the same content many times before This isn t really offering anything new If you re relatively new to the topic then it s an OK coverage in a short book 200 pages This book is written by the founder of the World Economic Forum and one of the things I ve noticed is that if you want to read a horror story about what is about to happen to jobs then reading reports from WEF or the IMF are of Stephen King scale terror Basically all hell is about to break loose andven the masters of capitalism are terrified about what that might meanThe problem as so many other books I ve read recently on this topic say has most to do with Parts of a World exponential growth And the problem with this is that we humans struggle to think in terms ofxponential growth we generally have Qualitative Data Analysis enough trouble understanding linear growth And this isn t like the changes we have witnessed before As he says here the iPhone isssentially a super computer that sits in our pockets The changes that are about to happen as these things continue to gain power and as things become connected to the internet than people are connected and we start to have tattoos and shirts that are digitally connected too and like I said while reading this I started to feel as if I was looking over the Money Lessons edge of a cliff I m going to uote the bits of this that I found particularly terrifying A couple of them I ve mentioned before in other reviews this first one has become my mantra to people when they ask me what I ve been researching But here he gives a fullerxplanation of the problem According to an Um Dia Esta Dor Vai Ser Útil estimate from the Oxford Martin Programme on Technology and Employment only 05% of the US workforce ismployed in industries that did not The Sirens Realm (The Tethering, exist at the turn of the century a far lower percentage than the approximately 8% of new jobs created in new industries during the 1980s and the 45% of new jobs created during the 1990s And there is the problem Much of the shift in theconomy towards new industries in this new industrial revolution is clearly making it redundant to do a remarkable number of things that we have done for a long time There are predictions that soon paralegals accounts clerks secretaries and administration officers will be job titles with the same nostalgic appeal as hansom cab driver and blacksmith But the new industries simply have not been creating new jobs at the same rate as they are about to start destroying them And this is a significant new trend The way this argument is meant to go is that all revolutions make some jobs xtinct but they also increase productivity and in doing so create wealth which creates new demands which in turn creates ven jobs Except that too many of the new industries don t seem to work like that my other favourite De Gaulle 1969 example I ve being telling people is of Instagram being a billion dollar company what when it was purchased and yet it onlymployed a total of 13 peopleAll of which is about to be made very much worse by the other The Social Media Business Equation exponentially growing problem we face ineuality As he says here the richest one percent of the world owns half ofverything He uotes The Spirit Level Why More Eual Societies Almost Always Do Better which says that ual societies are often better on a wide range of measures health ducation happiness while less Encyclop�die Der Rechtswissenschaft eual societies are worse off crime prison population infant mortality You need to remember who is telling us this whatever you think of the WEF this is certainly not a crazy left wing fringe group If they are saying beware it is time to listen The best of this book isn t really in the book itself but rather in the appendix This has a list of 23 trends that are about to become deep shifts He bases this bit of the book on surveys the WEF did with 800xecutives They were asked about these 23 trends and if they thought that by 2025 they would have reached their tipping point For most of these the answer is yes He then goes through the costs and benefits of White Christmas-Bloody Christmas eachLookven if you are Pollyanna and you think that the changes we are about to Iraq from Manadate Independence experience will be infinitely positive and make our lives incomparably better you will still recognise that the changes about to hit us are going to cause untold disruption That in itself might not be a terrible thing the problem is that the new jobs whatever they are likely to be are going to reuire people up skilling and one only needs to look at the problem of student debt in the US andlsewhere to know that isn t going to be at all The Cambridge Handbook of Social Problems easy for people to achieve particularly not those on the bottom of the pile who have no current skills and no history of gaining skills through theducation system How they are supposed to suddenly go from being a truck driver to being a web designer isn t in the least bit clear to meThis is coupled with the assessment of the author s that Genres Across the Disciplines employment will grow in high income cognitive and creative jobs and low income manual occupations but will greatly diminish for middle income routine and repetitive jobs And this is predicted to impact women than men As hexplains While it is difficult to map the competencies and skills Fluttershys Ferocious Friend! expected in industries not yet created we can reasonably assume that demand will increase for skills thatnable workers to design build and work alongside technological systems or in areas that fill the gaps left by these technological innovations And that means men Because men still tend to dominate computer science mathematical and Game Night engineering professions increased demand for specialized technical skills mayxacerbate gender ineualities Yet demand may grow for roles that machines cannot fulfil and which rely on intrinsically human traits and capabilities such as Magic Touch (The Wizards of Venus, empathy and compassion Women are prevalent in many such occupations including psychologists therapists coachesvent planners nurses and other providers of healthcare And while that is true many of those occupations are often relatively low paid and worse they are often what Nancy Frazer refers to as pink collar jobs although ghettos would perhaps be just as accurate The other problem is that while governments increasingly struggle to raise tax revenue and wages haven t risen in real terms for decades it isn t clear where the money to pay for these services will come fromLike I said at the start none of this makes for happy reading Ohhhhh I d love to write an alternative version of this bookThe usual suspects are here that we see in all Schwab s books Disruption Drones Networking Speed YawnBut what is interesting is just the hint of what happens to labour to workers through this fourth industrial revolutionBottom line Fewer people are reuired to complete work So less people will be needed in the workplace So fewer people will be paidTherefore labour surplus will increase Therefore people will be applying for fewer jobs Therefore wages will go down and workers will have to move to take up this work Worker mobility will increaseNot only is technology disruptive but there will be disruption to wages locations of work family structures health and Grovers Own Alphabet educational provisionTherefore ineuality will actually increase The holders of capital will increase their power Those with only their labour to sell will reduce in their power The double freedom becomes less potent and relevant because of labour surplusThis is not what Klaus Schwab argued He didxpress concern actually not concern but awareness that fewer workers will be reuired He also xpressed awareness about what will happen to cities particularly global cities if physical infrastructure is neglectedThere are many stories to tell about the Fourth Industrial Revolution These alternative stories start with the argument that disruption may be beneficial for those who make money But for those with homes and mortgages families ducational and health responsibilities this agile Root to Stem economy will not disrupt but destroy I read this for work After reading hundreds of pages of various research reports on this same topic I read this book Which was far boring and dryly written than any of the reports I feel like books should bengaging than research reports but maybe that s just me. D its ramifications profound than in any prior period of human history He outlines the key technologies driving this revolution and discusses the major impacts Hard Pushed expected on government business civil society and individu­als Schwab also offers bold ideas on how to harness these changes and shape a better future one in which technologympowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and thical boundaries rather than cross them We all have the opportunity to contribute to developing new frame­works that advance progress.

Hence conversations among ducators and developers about the Charlie Hernndez the League of Shadows ethical standards that should apply tomerging technologies of the fourth industrial revolution are urgently needed to The Little Book of Comfort establish commonthical guidelines and Dancing on the Ceiling embed them in society and culture It is interesting to read an appeal toducators in a book by the founder of the World Economic Forum in Davos After describing the massive paradigm shifts that we are currently The Wee Free Men (Discworld, experiencing due to what Klaus Schwab calls the fourth industrial revolution he admits that we are facing difficult responsibilities which cannot be solved by thever advancing technologies alone In order to make the Kidnapped era of machine learning and artificial intelligence fruitful rather than disastrous for humankind international treaties are needed but they are insufficient as they tend to lag behind the technological status uoWhile opening up fantastic possibilitiesspecially in health care and communication the new developments need to be controlled and adjusted to prevent negative aspects from dominating Increasing ineuality and with it increasing injustice and violence as well as the growing threat of total surveillance in the digital sphere are the downsides of a mindbogglingly fast change in society ruled by around the clock interconnectednessThe appendix listing the many technological shifts and their impact both positive and negative on society as a whole is well worth studying as the different developments in various business areas interlink in their All Quiet on the Western Front effects on wellbeing and privacyRecommended I wrote a 1200 word review of this and then my laptop crashed and I lost it so here s the gist Interesting to read a senior The fourth revolution Written on my mobile phone mainly to keep notes pardon the poor grammar 1 What it means and how to responda Highlight a couple of areas artificial intelligence nanotechnology IOT autonomous cars biotechnology uantum computing material science 3D printing roboticsb Talks about income gap And that he História do Rei Transparente expects the dis satisfaction to grow People have unrealisticxpectations of what ualifies as good income c Talks about the 4th revolutions dehumanizing society humanity losing compassion and cooperationd That governments which usually take too long to make laws maynot be able to respond in the same way as before There has to be a faster way to do thingse There will be drastic changes in the way we do things There will be uantification of self and human augmentation We might become kind of robots2 How to make almost anythinga 3d printing has become widespread however 3d printing is not going to be replacing lathe or other machines This is because 3d printing is still very slow compared to these devices b Calls to protect 3d printing because of fear of manufacture of automatic weapons However the fear is miniscule because people wont be Best Mechanic Ever easily able to manufacture these weaponsc The center for bits and atoms at MIT has been replicated at multiple locations They provide jobs andxpertise to a lot of people The 4th revolution will Dinosaur Dinners enable use to convert data into things and things into data 3 As objects go onlinea Talks about the very fast development of the internet compared to what the pioneersxpected BITNET vs internet Bitnet was supposed to something like a connection between a terminal and the mainframe The mainframe did all the computation while the terminal was the point where the instructions were received or transmitted from Now we have microcontrollers There could potentially be a bitnet vs internet thing for IOT If the devices themselve are not fast In His Blood enough to do all the computations then it will just act as a terminal to receive and transmsit data from to the main server which resides in the cloud Typically this is what is refered to as the IOTb IOT should follow the internet development Because of security issues People will trypically try to make the IOT propreitary to make it profitable for themselves but it will be vulnerable to security The internet has shown that when it is open it can be probed byxperts for vulnerabilities As a result these come out Desert Kings (Deathlands, early and can be patchedc IOT will be furthernabled ty IPv6 which will have a lot numbersalphabets to identify sensorsactuators 4 The rise of big dataa Society so far has relied on limited amount of data because it was difficult to gather a lot of data Now that limitation has been removedb Big data An Officer and a Spy enables us to uery Nall and gather insights about subgroups which were not possible before c It still reuires human judgement and hypothesis testing Its just that the hypothesis testing can happen much faster d Big data relies on data from the past If you rely on data purely from the past and you were henry ford you will try to build a faster horse rather than a mass market care Propreitary data can lead to monopolies such as google and facebook are doing How do you make sure that the data being collected doesn t become a monopolyf Privacy concerns who does the data belong to g Ability to find correlations rather than causations In this mode of thinking you become ok with relying on inaccurate data because you can make up for it by usign large amounts of data5 Mobile finance in the developing worlda Micro lending has been hailed in the popular media however research studies show that theirffectiveness maynot be as high as projected in the mediab Mobile based finance is much Exposed (Annika Bengtzon, effective The ability to uickly send money reduces friction andnables people to Ooko engage inntrepreneual activities which in turn help them get out of povertyc This also Naked enables acuiring large amounts of data which thennables people to improve the uality of the service Perhaps this ability to collect data will become a foundation for all products that will be built in the futured Eliminating cash has been shown to be Shadow Scale (Seraphina, extremelyffective in reduce operating costs for Indiae Even though mobile finance has been very Claim The Crown effective its still very importatn to have local places where cash can be withdrawn within a certain distance6 Sythetic biologya Talks about somepidemics in synthetic biology such as H5N1 GOF synthetic biology and H7N9b Talks aobut how to go about control the spread of information about such diseases and that this is really a issue of transfer of information c No standard about the risk of these various diseases and highlights the huge difficulty in implementing standards7 Roboticsa Author talks about a future of self driving cars which reduces traffic by 80% with much fewer accidentsb Says there will be a mix of self driving cars and person driven cars on the road The self driving car will decide on its own where to get off and how to Nerds efficiently route the car for reducing problems in the roadc Imagines a future where all the low level stuff that humans are not good at or shouldn t be spendign time at such as getting breakfast or going to the mall is robotizedd Draws a parallel between ubiuitious computing and robotics Says the most important discoveries are usually those that people stop noticinge Talks about the current challenge in industrial robotics where the automakers have robotized 80% of the manufacturing process butlectronic manufactures can only do that for 10% of the manufacturing process This is due to the fact most of the parts change very fast in the In the Shadow of the Crown (Queens of England, electronic industry Talks about building software which will make itasier to build reconfigurable robots 8 New world ordera uick and Bark easy duplication of digital and non digital products using robotics softwarengineer On Such a Full Sea etc is creating anconomy where the people creating the robotics and software are going to be acuiring Hello, Hippo! Goodbye, Bird! extreme rewards compared to theirffortsb Author supports statement by providing facts about the rise of Instagram and the fact that modern CEOs creatives and decision makers make 300 times as much as the lowest ranks compared to 70 in previous days c He thinks that outsourcing is just a pathway to automation Even though China has seen large portion of their population Cannibal employed due to the low cost of labor they are going to see a reverse where by these cheap laborers are going to be replaced by robots d Challenges the assumption that technology makesverybody productive floats Mastered (The Enforcers, everybody s boats Instead says that it will float ornhance the boats or the top guns way than that of the others He gives Man, Son of Man examples of the CEOs of the biggest companies making way money than the smaller companies and how the top musicians have way listeners than the 2nd best Thinks that there will be a power law distribution in the income of people because the creatives will create ideas which will allow them to grab huge rents The rest of the population will probably lead happy lives with lots of leisure but there will probably be high income disparity f Encourages Alter Ego everybody to thinkntree ually because it these people these problem solvers who will ultimately take the most rents 9 Will humans go the way of horses a In the beginning of the 19th century the number of horses grew proportionately with human demand However with the introduction of the motor the demand for horses dropped sharplyb Draws a parallel to human labor which has grown with time proportionately to human demand but postulates that ai and robotics could be similar to what the motor was to horses c Provides some counter arguments why this might not happen a Human beings can vote and decide what kinds of technology to allow such that it doesn t take up all of our jobs b Human beings like human company A lot of times we visit a certain restaurant it s not just because of the product but because of the people who serve us Other xamples include coaches Uncommon Wisdom etca personal counter argument to this would be Japan where a lot of what we consider as high touch jobs or activities have been replaced by machines so the authors argument maynot necessarily hold true in usither c Human beings can change unlike horses Perhaps if one type of labor becomes obsolete the new generation will just pick up another type of labor D Human beings can also get income from investment of capital So perhaps it s possible that all human beings become knowledge workers whose sole job is Unseen City efficient allocation of resources and no physical labor E Possibility that the wall type dostopia might be ok for people as they are satisfied with the kind of income they generate and can pursue their passions or leisure just like old kings who had lots of servants and could just live a cozy life d Provides Art examples of alreadyxisting conomic disparities The top 1% owns 48% of the worlds wealth Will this trend continue or will revolution such as occupy Wall Street and the revolt against uber and Lyft be able to reverse these trends 10 Why the techno optimists are wronga The author Martin wold points to work by Robert Gordon who has argued that the techno optimists particularly the authors who wrote the second machine age are wrong He thinks that the current changes are minuscule specially compared to previous inventions such as the car power vacuum cleaner Attracting Songbirds to Your Backyard electric oventc b He points to the low increase in labor productivity to support his claim The Matriarchs (The Family especially over the last few decades that technology has become sophisticated I don t know whether I would agree on that front I doubt what I do would have been possible at all without the internet and the other information technologies that power them However it is possible that my job is a bit skewed towards high tech which is why it seems that way Second I cannot predict itstimate the per annum productivity gain just off hand and how it compares to before these technologies were invented c He argues that the technologies that were invented in the 19th century were far conseuential and had vastly unmeasured value to the general public compared to the unmeasured value of things like Facebook or the iPhone I would agree on that point However it should be remembered that the previously mentioned technologies such as the tv Notes for the Everlost electricity vacuum cleanerstc seeped into society over a very long period of time There are multiple charts on the internet which show the adoption curves of techniues Things like the Facebook and the iPhone have vastly faster adoption rates than When I Moan (Vassi and Seri 1: Russian Stepbrother Romance) electricity or color television So the per annum unmeasured growth in impact of the previous technologies such aslectricity may be of the same order or No Biggy! even less than that of things like Facebook d The author uses the point that transport speeds have not increased over a long period of time I personally think this is largely irrelevant I would think that the reason the transportation speed hasn t increased has to do with the human ability to maneauver over busy streets than with technology Further the transport speed argument would be relevantverything was done serially Modern transport doesn t happen serially but parallels I would argue that a lot trains or cars move parallely on the roads and rail tracks these days due to improve traffic control better roads better rail tracks and the actual transport speed whole important maynot necessarily reflect the impr. World renowned Crush It! economist Klaus Schwab Founder and Executive Chairman of the World Economic Forumxplains that we have an opportunity to shape the fourth industrial revolu­tion which will fundamentally alter how we live and workSchwab argues that this revolution is different in scale scope and complexity from any that have come before Characterized by a range of new technologies that are fusing the physical digital and biological worlds the developments are affecting all disciplines Attracting Birds to Your Backyard economies industries and governments andven challenging ideas about what it means to be humanArtificial intelligenc.

Ovement in transport of goods Further most of our production has shifted to transfer of information not necessarily of good Transfer of goods happen over the Internet which can t be measured using the speed of transport on modern roads or rail tracks 11 Internet of things and its impacta The author points to the fact that in 2014 10B devices are connected to the Internet In 2020 50B devices will be connected to the Internet While it mayb seem it s only a 5X increase I do think that because of the network Deep Listening effect the impact will be way than 5X improvement b The autho points to the fact that there will be 20trillion in value produced by the iot However at no point does he talk about the cost to realize that value c He talks about connected cities about parking sensorslectric light sensors gives Bird-by-Bird Gardening examples of what cities have done and what strategies cities should take to make cities connected They givexamples of governors winning best governor The Works of Saint Augustine ever awards for having made cities connected d In all of the above they don t talk about the costs to make these cities conncted and whether the rewards for these cities outweighed the costs I came out with the feeling that the authors being associated with Cisco are just trying to Unbuttoning the CEO (The Suits Undone encourage governors of cities to adopt iot by showing big numbers potential for awardstc to My Teacher Is a Robot encourage them to adopt iot to fill their cisco s pockets The authors don t mention anything about where they got these huge numbers No bibliography or reference to others It comes across as a propaganda or marketing ploy 12 The coming robotic dystopiaa The author argues about the upcoming robot and human interactions what will happen when robots will live among humans and learn from humans Will the conseuence of the robots actions be the responsibility of the human or the creator b Talks about the fact that in the near futurethics needs to be taught to robotics ppl just like doctors and civil Supper Club engineers because the conseuence of building robots touches the line ofthics c Huge implications for law It might be that society will be come Moanas New Friend (Disney Moana) even litigious d Transhumanism might be far off but the author suggests that we need to start thinking about it as we fight the small fight in the near future 13 Technology and political change a The author looks at how the Internet influence political change and democracy and freedomb He suggests that it s far important toncourage conversation among oppressed people than to make social media as powerful as possible c He suggest that instead of focusing on anti censorship applications the us government should focus its Professional Capital efforts on things like access to sms messaging Followed by Facebook and the like and the ability to gather in public d He gives multiplexamples of governments being toppled because of texting and assembly of people due to availability of Seven Dwarfs Find a House (Disney Classic) easy texting However there are counterxamples as well So it s difficult to judge whether texting by itself will lead to a democratic government world wide14 Do social media make protests possible a Gladwell argues based on his visit to lands Berlioz, Vol. 2 end that social media hasn t actually solved a problem Representatives at that store told him that they were impacted by barcodes and telephone rather than the Internet It s not too much difficult to take an order by phone vs Internet b Shirley replies that the major change for incumbent players is not internal butxternal has disrupted lands The Middle Sin (Cleo North end Craigslist has disrupted newspapers 15 The next safety neta the author argues that there needs to be a new safety net in society bmployment in his opinion will be The Mediterranean Millionaires Mistress erratic and people will jump from job to job much faster c talks about different systems thatconomists have proposed such as mandatory basic income safety net for all mandatory health insurance and housing Midnight Fantasies etc points out flaws in these that they are attacking the demand side not the supply aide d suggests that the best middle ground for the government may be to supplement and helpntrepreneurs by removing laws that restrict Men of Steele Bundle entrepreneurs activity instead of providing a basic income or creating jobs it may be better to adopt the flexisecurity model of the Nordic nations people typically don t want to switch jobs because they are afraid of falling through the cracks and not having insurance and the like the flexisecurity model will provide people that security blanket and allow people to pursue Million-Dollar Nanny entrepreneurs activities and change jobs when theconomy needs it since the government cannot move as fast as The Millionaires Waitress Wife (The Brubaker Brides, entrepreneurs they can t compete with them but can help them 16 the moral codea author argues that while robots are primarily limited to manufacturing and battlefields there will be robots that will infiltrate human life b these interactions between humans and robots will mean that there will be conflicts robots currently follow the orders of their creators without regard for their conseuences c when there is a conflict between and human and a robot the robot will have to use some kind of moral compass or guidelines to determine its behavior the author refers to assimovs rules for robotics but points out thatven in assimovs stories these rules got the robots and humans into troubled points out different strategies that people are pursuing to make robots moral and human like however this is fraught with trouble 1 humans don t have a single set of morality 2 if you make robots moral by using chips which represent human brains better you also give it the weakness of humanity selfishness deception motions tc the reason robots have worked so well is because they don t have the human failings the challenge maybe that you are trying to create better humans from the ground up without the human failings 3 if you make robots that smart robots will start competing with humans for dominance this will create conflicts between robots and humans The Millionaires Miracle e points to various research being done to make moral robots 17 privacy pragmatism a data is being ubiuitously collected all around us b very difficult to monitor how data is being collected and how it is being used c if users had to give permission forvery use of their data it would be very hard to do d the government regulations and laws surrounding data collection is not designed for ubiuitous data collection as it happens nowe the data collection itself is not a problem but how the data is being used f typical user agreements are too long for users to understand and companies are hiding their usage of the data in the verbiage 18 data collection can lead to both good and bad need to ncourage the good restrict the bad a suggests that government create rules so users know how the data is being used rather than what is being collected b the power of marker creation c talks about 4 types of innovation a fficiency innovation b sustaining Mine Under the Mistletoe ennovation and c non consumption innovationd suggests that companies and nations should focus non consumption innovation because the other 2 types of innovation don t create jobs but focus on replacing job gives The Medicine Man examples of Japan South Korea and Taiwan which have successfully capitalized on non consumption innovation to improve rapidly f suggests the government s should focus onnabling Maverick Christmas entrepreneurs by teaching them how to spot non consumption and the cost to capture that marketg talks about corruption in developing world which is hinderingntrepreneurship as managers have to work in negotiating with corrupt government officials also talks about ways to avoid this and gives xamples of the Indian it sector h talks about how to raise capital when there are system level constraints and markets don t trust non consumption innovation talks about royalty financing but it s not very clear what problem the royalty financing scheme is trying to solve The author Klaus Schwab is a German born business professor at the University of Geneva He was founder of the World Economic Forum in 1971 The WEF facilitates the meeting of business and political leaders selected intellectuals and journalists to discuss the future of global conomics The central theme of the 2016 meeting of the Forum focused on the Fourth Industrial Revolution as defined and discussed by Professor Schwab in a lengthy Liberating Paris essay published in Foreign Affairs in 2015 This book isssentially an The Lost Queen (Faerie Path, expanded version of thatssay plus some added material which are the results of canvassing the meeting participants regarding when various technological breakthroughs will reach their respective tipping points Some of the results of this survey is included in the Appendix of this bookThis book provides a thorough discussion of the possible future impacts of these changes The author is willing to acknowledge the possible detrimental results but then he goes on to say the others predict optimistic outcomes I get the impression that the author was trying to be objective but conseuently his reluctance to advocate for a particular position makes this book dry reading material I was very dissatisfied with the chapter titled The Way Forward near the To Dwell in Darkness (Duncan Kincaid Gemma James, end of the book s message I was looking forward to some sort of recommended plan for making the necessary adjustments for society to adapt to the comingconomic changes Instead the message I took from that chapter were generalities such as the following we must adapt shape and harness the potential of disruption by nurturing and applying four different types of intelligence contextual the mind To Dwell in Darkness (Duncan Kincaid Gemma James, emotional the hear inspired the soul physical the body The authorlaborates on these but I found these discussions to be lacking specificsThe following is a listing of the anticipated future technological advancements and their respective tipping point dates based on a survey of 800 business xecutives They were asked to gage when they anticipate that these game changing technologies will break into the public domain to a significant degree The percentage listed next to the items below is the percentage of survey respondants that believed that the tipping point would be achieved by the year 20251 Implantable Technologies 82%2 Our Digital Presence 84%3 Vision as the New Interface 86%4 Wearable Internet 91%5 Ubiuitous Computing 79%6 A Supercomputer in Your Pocket 81%7 Storage for All 91%8 The Internet of for Things 89%9 The Connected Home 70%10 Smart Cities 64%11 Big Data for Decisions 83%12 Driverless Cars 79%13 AI Decision Making 45%14 AI White Collar Jobs 75%15 Robotics and Services 86%16 Bitcoin the Blockchain 58% 17 The Sharing Economy 67% 18 Governments the Blockchain 73%19 3D Printing Manufacturing 84% 20 3D Printing Human Health 76%21 3D Printing Consumer Products 81%22 Designer Beings vote result not shown23 Neurotechnologies vote result not shownEach of the above anticipated technological advances are thoroughly described in the Appendix along with the above survey resultsNumbering of the Revolutions In my opinion there is no fourth industrial revolution What this author is calling the fourth industrial revolution is simply a continuation of the third I get the impression from this book that he thinks the current situation deserves its own label because of the speed of change But xponential rates of change occurred during the Third Industrial Revolution it s just that at this point in time the changes appear really fast That s what The Serpent of Venice exponential rates doThe following are the definitions of the various industrial revolutions as used by this book1 The Machine Age 1760 1840 The Steam Engine Railroads 2 Mass Production late 19tharly 20th c Assembly Line Manufacturing Electricity 3 The Digital Revolution from mid 1960s Computers Semiconductors Internet4 The Fourth IR Ubiuitous Mobile Internet Internet of Things IoT with Sensors Artificial Intelligence AI Gene Seuencing NanotechnologyThe following is not from the book but it provides a graphic that helps Marrying Winterborne (The Ravenels, explain the various revolutions Here s a link to anxplanation of the Internet of Things The Fourth Industrial Revolution by Klaus Schwab The Fourth Industrial Revolution is an average to above average book about the forces of disruption and the innovation shaping our future Professor Klaus Schwab Founder and Executive Chairman of the World Economic Forum describes how technology and society coexist and makes the case that we are in the midst of a fourth and distinct revolution This 199 page succinct book includes the following three chapters 1 The Fourth Industrial Revolution 2 Drivers and 3 Impact Positives1 A well written straightforward book2 Mastery of the topic 3 Makes perfectly clear what this book is all about in the introduction In writing this book my intention is to provide a primer on the fourth industrial revolution what it is what it will bring how it will impact us and what can be done to harness it for the common good 4 Provides the three main goals of this book and Above all this book aims to Kiss of Surrender (Deadly Angels, emphasize the way in which technology and society coxist 5 Provides historical context of the industrial revolution The first industrial revolution spanned from about 1760 to around 1840 Triggered by the construction of. E is already all around us from supercomputers drones and virtual assistants to 3D printing DNA seuencing smart thermostats wear­able sensors and microchips smaller than a grain of sand But this is just the beginning nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually or implantable mobile phones made of biosynthetic materialsThe fourth industrial revolution says Schwab is significant an.

Review The Fourth Industrial Revolution

( FREE The Fourth Industrial Revolution ) ☆ Klaus Schwab – xermadeenfotos.org

Executive Chairman of the World Economic Forum