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The Fourth Industrial Revolution And The Labour Market
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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab
Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Book Synopsis The Fourth Industrial Revolution and the Labour Market by : Jon-Arild Johannessen
Download or read book The Fourth Industrial Revolution and the Labour Market written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2023-09-15 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovation economy is the driver for the development of the Fourth Industrial Revolution and consequently, there is a growing focus on innovation in general and technological innovation in particular. In this context, there is much to suggest that it is the triple impact of artificial intelligence, big data and 5G- and 6G networks that will go beyond the limits of existing competence. This book is about the new competence that is emerging in the wake of artificial intelligence and intelligent robots. It explains how these two technologies are completely fundamental to what is known as the Fourth Industrial Revolution. The author argues that artificial intelligence will promote automation, which will reduce wages rather than increase unemployment statistics. The book posits that when the utility value of technology and the rate of dissemination of technology is high, people who have the necessary competence will both future-proof their jobs in the labour market and also be among the highest-paid workers in the new economy that is emerging from the innovation economy. Further, by making education more compatible with new technology will enable graduates to access more secure and better paid jobs, and all behavioural fields related to new technology will flourish because they can be used in many contexts to steer people’s behaviour in certain directions through the integration of big data and artificial intelligence. The book employs the following scholarly methods: conceptual generalization, scenario-based thinking and historical economic methodology, thus it will be of particular benefit to academic scholars, researchers and graduate students who are concerned with the impact of the fourth industrial revolution on the labour market.
Book Synopsis Higher Education in the Era of the Fourth Industrial Revolution by : Nancy W. Gleason
Download or read book Higher Education in the Era of the Fourth Industrial Revolution written by Nancy W. Gleason and published by Springer. This book was released on 2018-06-21 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access collection examines how higher education responds to the demands of the automation economy and the fourth industrial revolution. Considering significant trends in how people are learning, coupled with the ways in which different higher education institutions and education stakeholders are implementing adaptations, it looks at new programs and technological advances that are changing how and why we teach and learn. The book addresses trends in liberal arts integration of STEM innovations, the changing role of libraries in the digital age, global trends in youth mobility, and the development of lifelong learning programs. This is coupled with case study assessments of the various ways China, Singapore, South Africa and Costa Rica are preparing their populations for significant shifts in labour market demands – shifts that are already underway. Offering examples of new frameworks in which collaboration between government, industry, and higher education institutions can prevent lagging behind in this fast changing environment, this book is a key read for anyone wanting to understand how the world should respond to the radical technological shifts underway on the frontline of higher education.
Book Synopsis Global Labour in the Fourth Industrial Revolution by : Adrián Sotelo Valencia
Download or read book Global Labour in the Fourth Industrial Revolution written by Adrián Sotelo Valencia and published by BRILL. This book was released on 2023-02-27 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexican theorist Adrián Sotelo Valencia analyses the 4.0 revolution of artificial intelligence, Big Data, algorithms, and digital platforms as a global strategy of capital and the state aimed at detaining the global capitalist crisis. The new international division of labour being forged offers severe repercussions for labour.
Book Synopsis No Ordinary Disruption by : Richard Dobbs
Download or read book No Ordinary Disruption written by Richard Dobbs and published by PublicAffairs. This book was released on 2016-08-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges. The world not only feels different. The data tell us it is different. Based on years of research by the directors of the McKinsey Global Institute, No Ordinary Disruption: The Four Forces Breaking all the Trends is a timely and important analysis of how we need to reset our intuition as a result of four forces colliding and transforming the global economy: the rise of emerging markets, the accelerating impact of technology on the natural forces of market competition, an aging world population, and accelerating flows of trade, capital and people. Our intuitions formed during a uniquely benign period for the world economy -- often termed the Great Moderation. Asset prices were rising, cost of capital was falling, labour and resources were abundant, and generation after generation was growing up more prosperous than their parents. But the Great Moderation has gone. The cost of capital may rise. The price of everything from grain to steel may become more volatile. The world's labor force could shrink. Individuals, particularly those with low job skills, are at risk of growing up poorer than their parents. What sets No Ordinary Disruption apart is depth of analysis combined with lively writing informed by surprising, memorable insights that enable us to quickly grasp the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China -- Tianjin -- will have a GDP equal to that of the Sweden, of that, in the decades ahead, half of the world's economic growth will come from 440 cities including Kumasi in Ghana or Santa Carina in Brazil that most executives today would be hard-pressed to locate on a map. What we are now seeing is no ordinary disruption but the new facts of business life -- facts that require executives and leaders at all levels to reset their operating assumptions and management intuition.
Book Synopsis The Challenges of the Fourth Industrial Revolution Faced by the Labour Market by : Andriyana Andreeva
Download or read book The Challenges of the Fourth Industrial Revolution Faced by the Labour Market written by Andriyana Andreeva and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies and analyses the expected impact of the Fourth Industrial Revolution on the future development of the labour market and, particularly, on employment relationships. The employment reality, labour markets and the occupation and absorption of jobs at a global, European and national scale have been subject to dynamic change and challenges faced by the legal systems. The policy of introduction of information and communication technologies and digitisation of the economy, as a sectoral policy, has resulted in modernisation of the forms of employment in line with the dominating trends of digitisation of manufacturing and smart automation of the industry. Thus, based on the study of the new situation, the paper conducts analyses, deducts general conclusions and provides recommendations with respect to the new challenges, suggests some necessary and adequate actions that should be undertaken by the institutions and discusses the most recent legal provisions.
Book Synopsis Profit and Prejudice by : Paul Donovan
Download or read book Profit and Prejudice written by Paul Donovan and published by Routledge. This book was released on 2020-11-05 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Avoiding prejudice will be critical to economic success in the fourth industrial revolution. It is not the new and innovative technology that will matter in the next decade, but what we do with it. Using technology properly, with diverse decision making, is the difference between success and failure in a changing world. This will require putting the right person in the right job at the right time. Prejudice stops that happening. Profit and Prejudice takes us through the relationship between economic success and prejudice in labour markets. It starts with the major changes that occur in periods of economic upheaval. These changes tend to be unpopular and complex – and complexity encourages people to turn to the simplistic arguments of ‘scapegoat economics’ and prejudice. Some of the changes of the fourth industrial revolution will help fight prejudice, but some will make it far worse. The more prejudice there is, the harder it will be for companies and countries to profit from the changes ahead. Profit is not the main argument against prejudice, but can certainly help fight it. This book tells a story of the damage that prejudice can do. Using economics without jargon, students, investors and the public will be able to follow the narrative and see how prejudice can be opposed. Prejudice is bad for business and the economy. Profit and Prejudice explains why.
Book Synopsis Industrial Revolution 4.0 by : Stanisław Mazur
Download or read book Industrial Revolution 4.0 written by Stanisław Mazur and published by Taylor & Francis. This book was released on 2022-09-28 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The radical transformations to which the economy and society have been subjected for decades have gained momentum in recent years, not least because of the coronavirus pandemic, the consequences of which are yet to be fully understood. As a result, certain economic models and business practices are becoming less sustainable. One of the reasons for this is the rapid advance of Revolution 4.0. The issues raised in this book are central to understanding the theoretical and practical aspects of the Fourth Industrial Revolution and its overwhelming impact on emerging socio-economic relations. The book addresses the future and flexibility of the labour market in the era of digital transformation; issues related to the emergence of new patterns of production and the distribution of public services. It examines the impact of Revolution 4.0 on the global business services sector and business project management models, in times of increasing complexity. The book covers a broad spectrum of concerns associated with Industry 4.0, such as social, economic, technological, and environmental, making it a comprehensive resource offering state-of-the-art knowledge. Further, it includes a discussion on the perspectives for the development of Revolution 4.0 in the context of the post-pandemic world. This book skillfully combines theoretical considerations with practical applications, offering a valuable, engaging and accessible resource for researchers, scholars, students, policymakers, public decision-makers, and businesspeople alike.
Book Synopsis The Workplace of the Future by : Jon-Arild Johannessen
Download or read book The Workplace of the Future written by Jon-Arild Johannessen and published by Routledge. This book was released on 2018-09-27 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fourth Industrial Revolution is a global development that shows no signs of slowing down. In his book, The Workplace of the Future: The Fourth Industrial Revolution, the Precariat and the Death of Hierarchies, Jon-Arild Johannessen sets a chilling vision of how robots and artificial intelligence will completely disrupt and transform working life. The author contests that once the dust has settled from the Fourth Industrial Revolution, workplaces and professions will be unrecognizable and we will see the rise of a new social class: the precariat. We will live side by side with the 'working poor' – people who have several jobs, but still can’t make ends meet. There will be a small salaried elite consisting of innovation and knowledge workers. Slightly further into the future, there will be a major transformation in professional environments. Johannessen also presents a typology for the precariat, the uncertain work that is created and develops a framework for the working poor, as well as for future innovation and knowledge workers, and sets out a new structure for the social hierarchy. A fascinating and thought-provoking insight into the impact of the Fourth Industrial Revolution, The Workplace of the Future will be of interest to professionals and academics alike. The book is particularly suited to academic courses in management, economy, political science and social sciences.
Book Synopsis Innovation under the Radar by : Xiaolan Fu
Download or read book Innovation under the Radar written by Xiaolan Fu and published by Cambridge University Press. This book was released on 2020-12-17 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigating the nature, drivers and sources of innovation in Africa, this book examines the channels for effective diffusion of innovation in and to Africa under institutional, resource and affordability constraints. Fu draws on almost a decade of research on innovation in Africa to explore these issues and unpack the process, combining a rigorous statistical analysis of a purposely designed multi-wave, multi-country survey with in-depth studies of representative cases. Building on this research, Fu argues that African firms are innovative but unsupported. Those 'under-the-radar' innovations that widely exist in Africa as a result of the constraints are not sufficient to enable Africa to leapfrog the innovation gap in the era of the fourth Industrial Revolution. This is the first comprehensive analysis of the creation and diffusion of innovation in low income countries. It also provides the first survey-based analysis of innovation in the informal economy.
Book Synopsis The Future of Work in Asia and Beyond by : Alan R. Nankervis
Download or read book The Future of Work in Asia and Beyond written by Alan R. Nankervis and published by Routledge. This book was released on 2020-03-13 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Work in Asia and Beyond presents the findings and associated implications arising from a collaborative research study conducted on the potential impact of the Fourth Industrial Revolution (4IR – or Industry 4.0) on the labour markets, occupations and associated future workforce competencies and skills across ten countries. The 4IR concerns the digital transformation in society and business – an interface between technologies in the physical, digital and biological disciplines. The book explores many related issues: the nature of the 4IR, as well as demographic, generational and socio-cultural issues, economic and political perspectives, public and private sector similarities and differences, business strategy and managerial implications, human resource management/planning strategies, policies and practices, industry innovations, ‘best practice’ cases and comparative country studies. Chapters are based on a framework which combines labour market and multiple stakeholder theories. Issues are explored through the perceptions of organisational managers based in Australia, China, India, Indonesia, Malaysia, Mauritius, Nepal, Singapore, Taiwan and Thailand to provide an analysis of organisational, industry and government preparedness for the 4IR. This book is recommended reading for anyone wanting to gain an understanding of the 4IR and a range of related challenges and issues, as well as suggested strategies for governments, education and industry that are necessary to address them.
Book Synopsis The Oxford Handbook of Lifelong Learning by :
Download or read book The Oxford Handbook of Lifelong Learning written by and published by Oxford University Press. This book was released on 2021-06-01 with total page 813 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides a comprehensive and up-to-date examination of lifelong learning. Across 38 chapters, including twelve that are brand new to this edition, the approach is interdisciplinary, spanning human resources development, adult learning (educational perspective), psychology, career and vocational learning, management and executive development, cultural anthropology, the humanities, and gerontology. This volume covers trends that contribute to the need for continuous learning, considers psychological characteristics that relate to the drive to learn, reviews existing theory and research on adult learning, describes training methods and learning technologies for instructional design, and explores current and future challenges to support continuous learning.
Book Synopsis Business Automation and Its Effect on the Labor Force by : Edward Uechi
Download or read book Business Automation and Its Effect on the Labor Force written by Edward Uechi and published by CRC Press. This book was released on 2022-09-12 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business Automation and Its Effect on the Labor Force informs business managers on new technologies that can make their industries more efficient. This book provides a primer on quantum computing, artificial intelligence, robotics, and sensors. As a business management book, managers can start planning for the future. The author predicts when the advanced systems would be ready to use. Getting a clearer picture of what is on the horizon, business managers can determine how many workers and machines will be needed. Managers will learn how to calculate the optimal mix of workers and machines. Key Book Highlights Covering labor and technology in agriculture, manufacturing, construction, transportation, hospitality, health care, office administration, and education. A review of the evolution of systems, machines, and devices from the past to the present, and where the latest advancement is headed. A visual timeline showing when new systems and machines would be available for eight industries in the next 25 years. Succinct descriptions of eliminated jobs, retained jobs, and new roles for workers. A simplified method to calculate the costs of operations, allowing business managers to compare human productivity against machine productivity. Labor market information in context of technological innovation for state workforce agencies and local workforce development boards. Lists of occupations with Standard Occupational Classification (SOC) codes for labor economists, workforce development specialists, and job seekers.
Book Synopsis Work in the Digital Age by : Max Neufeind
Download or read book Work in the Digital Age written by Max Neufeind and published by Policy Network. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out to explore the emerging consequences of the so called '4th Industrial Revolution for the organisation of work and welfare.
Book Synopsis Promoting Inclusive Growth in the Fourth Industrial Revolution by : Buckley, Sheryl Beverley
Download or read book Promoting Inclusive Growth in the Fourth Industrial Revolution written by Buckley, Sheryl Beverley and published by IGI Global. This book was released on 2020-06-19 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fourth Industrial Revolution revolves around cyber-physical systems and artificial intelligence. Little is certain about this new wave of innovation, which leaves industrialists and educators in the lurch without much guidance on adapting to this new digital landscape. Society must become more agile and place a higher emphasis on lifelong learning to master new technologies in order to stay ahead of the changes and overcome challenges to become more globally competitive. Promoting Inclusive Growth in the Fourth Industrial Revolution is a collection of innovative research that focuses on the role of formal education in preparing students for uncertain futures and for societies that are changing at great speed in terms of their abilities to drive job creation, economic growth, and prosperity for millions in the future. Featuring coverage on a broad range of topics including economics, higher education, and safety and regulation, this book is ideally designed for teachers, managers, entrepreneurs, economists, policymakers, academicians, researchers, students, and professionals in the fields of human resources, organizational design, learning design, information technology, and e-learning.
Book Synopsis Human Capital Formation for the Fourth Industrial Revolution by : Atiku, Sulaiman Olusegun
Download or read book Human Capital Formation for the Fourth Industrial Revolution written by Atiku, Sulaiman Olusegun and published by IGI Global. This book was released on 2019-10-18 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in technological innovations, automation, and the latest developments in artificial intelligence (AI) have revolutionized the nature of work and created a demand for a new set of skills to navigate the Fourth Industrial Revolution (Industry 4.0). Therefore, it is necessary to equip displaced workers with a new set of skills that are essential for conversion into technical or other functional areas of business. Human Capital Formation for the Fourth Industrial Revolution is an essential research publication that recognizes the need to revitalize human capital formation for graduate employability in Industry 4.0 and discusses new skills and competencies needed to cope with the challenges present within this industrial revolution. The book seeks to provide a basis for curriculum design in line with the advances in technological innovations, automation, and artificial intelligence to enhance current and future employment. Featuring an array of topics such as curriculum design, emotional intelligence, and healthcare, this book is ideal for human resource managers, development specialists, training officers, teachers, universities, practitioners, academicians, researchers, managers, policymakers, and students.
Book Synopsis AI Battle Royale by : Ashley Marc Recanati
Download or read book AI Battle Royale written by Ashley Marc Recanati and published by Springer Nature. This book was released on 2023-03-26 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI, Big Data and other 4th Industrial Revolution technologies are poised to wreak havoc in virtually every industry, unlocking huge productivity gains via automation of labor both manual and cognitive. Less discussed are the impacts on workers, who see the value of their skills erode, along with the menace of mass structural unemployment. How can workers assess their vulnerabilities? What can they do to improve their prospects, effective immediately? In this book, you will learn how to: - Survey new tech and decrypt their potential impacts on work - Assess your strengths and weaknesses in the face of AI, the shared economy, and other tech-propelled threats - Foment a battle plan to survive and thrive Ashley Recanati provides guidance for employees to rise above their peers and preserve their value, in a book that will interest managers and scholars, but foremost destined to ordinary workers.
