Fourth Industrial Revolution: How to Prepare for a Future of Work

The Challenge of the Fourth Industrial Revolution: How to Prepare for a Future of Work addresses this change from a slightly different angle: rather than focusing on individual occupations or industries, it asks you to explore your own personal career opportunities with an eye towards the future.

The Fourth Industrial Revolution (Industry 4.0) is rapidly transforming the way that new technologies are driving change in nearly every sector of the economy. Businesses no longer view machines as a cost to be managed, but as a business opportunity that can be leveraged to drive growth and boost productivity. This shift has given rise to the term Industry 4.0 or the fourth industrial revolution, which refers to how technology is driving change in industries from manufacturing and services to utilities and government. Industries are being revolutionized by digitalization, automation, artificial intelligence (AI), robotics, big data and cloud computing — all of which are known collectively as the Fourth Industrial Revolution. The pace of change poses a significant challenge for organizations in every sector. Fast-forwarding strategies must be developed that not only anticipate these changes but also proactively prepare for them so they don’t disrupt businesses and negatively impact employee engagement.

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In the fourth industrial revolution, the pace of change has accelerated to the point where some have called it the digital revolution for manufacturing. This new era of change is bringing with it a host of challenges, from accelerating automation to increasing demand for instant gratification. Organizations seeking to stay competitive will need to shift their focus from their current business model to an emerging future-proof one that can help them thrive in this new environment. To compete in this fourth industrial revolution and succeed in the future workplace, organizations must prepare by innovating internal processes and partnering with external collaborators.

The Fourth Industrial Revolution is sweeping across every sector, transforming how people live and work. It’s changing the way governments think about policy, as well as what jobs can be done in the future. On top of that, it’s also rapidly accelerating. For all these reasons, this is a major breakthrough time for occupations and the workplace of tomorrow.