What characterises this revolution is both its speed of development, digitisation and automation, and the blurring of boundaries between digital, physical and biological advances. The Third Industrial Revolution, also referred to as the Digital Revolution, happened in the 1960s. In the late 19 th century, an age of scientific development and mass production brought about the Second Industrial Revolution. The first, spanning 80 years between 17, refers to the invention of the steam-powered engine and the construction of railways. Schwab describes an industrial revolution as the appearance of ‘new technologies and novel ways of perceiving the world trigger a profound change in economic and social structures.’ Put more simply, it refers to the intersection between new and developing technologies, and the way we humans live.Īs the term indicates, we’ve already had three other industrial revolutions in modern history. If you haven’t heard of the Fourth Industrial Revolution, the concept and the term were coined by Klaus Schwab, the founder of the WEC, in his 2016 book of the same name.
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What exactly is the Fourth Industrial Revolution? Recruitment Management System Increase efficiency of in-house teams, from source to onboard.ĭiscussion of the Fourth Industrial Revolution has been a major theme of the World Economic Forum’s (WEC) annual meeting which wrapped up in Davos, Switzerland last weekend.Ī range of forward-thinking insights have been put forth by business experts who attended the meeting, exploring how we’ll need to approach the realities of work and running businesses in the coming few years in order to keep up with global changes.Īs well as looking to these new behaviours and ways of thinking, we want to point out five lessons history has taught us, which give great pointers for navigating the Fourth Industrial Revolution.
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#The fourth industrial revolution jobs software#
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