Although we have only begun to examine this point, it is clear that the fourth industrial revolution is the most dramatic change in the history of human civilization. Although there have been many far-reaching effects of the industrial revolution in previous years, they have never released such a tremendous force of change. rapid sheet metal
The Fourth Industrial Revolution is truly transforming every corner of human activity: how we make and manufacture, how we use the earth’s resources, how we communicate with each other, how we learn, how we work, how we manage and how we do business. The scale it affects, the pace of development and the extent of its involvement are unprecedented.
May recall, ten years ago, when there is no smart phone. But now, who will go out without a cell phone?
Just a few decades ago computers in only a handful of places were able to connect to the Internet. Almost everyone today can connect to networks all over the world and access the broadest knowledge base created by mankind.
Huge power brings huge risks. It is true that success or failure is of great importance. If the change is successful, digitization will benefit the nearly 10 billion people living on Earth by 2050. However, if the reform fails, the society will be divided into two major camps: the winner and the loser. Social unrest and anarchy will be aggravated. The link between society and the community will be disrupted. People will no longer believe that the government is capable of realizing the rule of law And to ensure the safety of the mission.
This is why the fourth industrial revolution is not about technology or commerce alone, but about society as a whole. When computers beat the best go-goters in humans, it becomes fascinating when the robots start to write text and “talk” between machines. However, all this is based on human-defined algorithms to control the machine, not the other way round. There is no doubt that the procedure we are currently preparing will change our common future. rapid sheet metal
This is a reality in manufacturing. Our so-called Industry 4.0 lets manufacturers create “digital twins” based on the entire manufacturing environment – from the lab to the factory, from the showroom to the service. Manufacturers can design, simulate, and test complex products in a virtual environment before manufacturing the first physical prototype, building a production line, and starting actual production.
The software helps to optimize each step of the process and every task, whether performed by humans or machines. Once everything is working successfully in the virtual world, the result can be transformed into the physical world, transformed into the machine, and the end result fed back into the virtual world to complete the closed loop.
This seamless integration of the virtual world and the real world is the so-called information physics system – a huge improvement we see now. It has eclipsed everything the industry has so far. Just as in the previous industrial revolutions, the scope was even greater. The fourth industrial revolution would cut millions of jobs but at the same time create millions of new jobs. With manufacturing accounting for 70% of global trade, it does matter to “the wealth of nations” in the words of Adam Smith. So the question is: How can we benefit as many people as possible from the Fourth Industrial Revolution? rapid sheet metal
First of all, we can draw lessons from history and lay a conceptual foundation for an inclusive society. In the mid-twentieth century, thought leaders like the economist Alfred Müller-Armack put forward the so-called social market economy, which is the successful model that Germany has employed so far.
He foresees an open society that aims to “combine the principles of free market and the principle of equitable distribution of economic prosperity.” This vision is more realistic than it has ever been before, as it points to the way forward to an inclusive capitalist and sustainable economic and social welfare model. I think the next step toward inclusiveness is to significantly raise corporate standards in terms of social responsibility and sustainability.
Unlike Milton Friedman’s philosophy, corporate responsibility should not lie solely with the business itself. Shareholders’ value should not be the only measure. On the contrary, we should make the interests of stakeholders, and even social values as the yardstick for measuring business performance. rapid sheet metal
Stakeholders – including clients, shareholders, suppliers, employees, political leaders and society as a whole – are reasonably expected to assume greater corporate social responsibility today, such as protecting the environment, working for social equity, helping refugees, training and Education workers. Corporate responsibility should be to create value for society. This is also the concept advocated by Siemens (“business to society”).
Second, the Fourth Industrial Revolution is based on knowledge, and we need to carry out simultaneous revolutions in training and education. Here, governments and businesses must work together to provide workers with the skills and qualifications needed to participate in the digital economy, for example, by enabling them to seize the opportunities presented by artificial intelligence. If workers can not keep up with the progress of knowledge throughout their lives, who will do millions of new jobs? rapid sheet metal
Thirdly, we must encourage innovation and adaptability. Digitization has proven its subversive ability in the past, and it has revolutionized the industry. We often hear “The internet cuts out the middleman.” Digital technology has made a whole new business model possible, and now we see that it is bringing new social models, one of which is the sharing economy. It challenges our basic understanding of the economic order: a significant part of property. It does not matter if you think it is good or bad.
Fourth, as leaders, we must muster the courage to solve difficult problems. And these problems are many.
How can we guarantee the future life of those who have been unemployed because of machines? Do we need guaranteed basic income? Should we tax software and robots? Do companies that provide global IT platforms need to comply with the rules and regulations of each country? If so, how to implement it? What kind of freedom and rights should individuals enjoy in the digital age?
These are the thorny issues we face today. And I do not think the so-called “good old days” would yield good answers. In his book Retrotopia, the Polish sociologist and philosopher Zygmunt Bauman argues that many people have lost their faith in the idea of a future society and instead have pursued the past, though Times have changed, but still longing for the future.
Instead, we should look forward to seeing the opportunities and risks posed by the Fourth Industrial Revolution and then roll up our sleeves to find truly effective answers for us and for future generations. rapid sheet metal
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