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Tag: globalization

The gathering storm that is Industry 4.0

Thursday, 9 February, 2017 0 Comments

All our posts about machine learning this week have been prompted by a dramatic shift going on right now called “Industry 4.0.” In essence, this is the end-to-end digitization of all physical assets and their integration into digital ecosystems. Along with machine learning, Industry 4.0 buzzwords include connectivity, supercomputing, artificial intelligence, robots, self-driving cars gene editing and globalization.

The preceding industrial revolutions freed us from animal power, made mass production possible and opened digital doors for billions of people. This Fourth Industrial Revolution, Industry 4.0, is profoundly different in that its technologies are melding the physical, digital and biological worlds and forcing us to confront uncomfortable questions about work, identity and life itself.

The World Economic Forum, which is “committed to improving the state of the world,” produced this clip about Industry 4.0. It’s a positive view, overall, but it does not address the issue that’s roiling politics today: the conflict between the elites, who stand to gain from early access to the upsides of this transformation, and the precariat, which stands to lose the jobs that glue their communities together. More on this here tomorrow.