Answer to Question #196840 in Geography for Vukosi

Question

what is fourth industrial revolution. Discuss giving relevant examples

Answer 1

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).