Answer to Question #196840 in Geography for Vukosi

Question #196840

what is fourth industrial revolution. Discuss giving relevant examples

Expert's answer

The fourth industrial revolution (Industry 4.0) assumes a new approach to production based on the massive introduction of information technology, large-scale automation of business processes and the spread of artificial intelligence.

This revolution already affects our thinking, and here are some examples:

  • According to McKinsey's forecast, by 2030, about 400 million people on the planet, or 14% of the workforce, will lose their jobs due to the fact that their functions will be performed by programs and robots.
  • 53% of workers believe that automation will significantly change or make their work obsolete over the next ten years (only 28% think this is unlikely).

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