Is the Fourth Industrial Revolution any Revolution for us?
By ALBERTINA ALMEIDA
The Fourth Industrial Revolution (Fourth IR) is a term coined by the World Economic Forum (WEF). According to the World Economic Forum, “The Fourth Industrial Revolution can be described as the advent of “cyber-physical systems” involving entirely new capabilities for people and machines. While these capabilities are reliant on the technologies and infrastructure of the Third Industrial Revolution, the Fourth Industrial Revolution represents entirely new ways in which technology becomes embedded within societies and even our human bodies. Examples include genome editing, new forms of machine intelligence, breakthrough materials and approaches to governance that rely on cryptographic methods such as the blockchain”. Prime Minister Narendra Modi went on record to stress on this Revolution in his address to the BRICS nations at Johannesburg at the recently concluded BRICS Summit.