Brett Parker SAP Fourth industrial revolution or digital transformation? How to adapt to the new scenario

The so-called Fourth Industrial Revolution ’will change the lives of people, companies and society as a whole. It will bring advantages for many, it will be harmful for not a few. What is it and what can we do to face it in the best possible way?

A radical transformation
The Fourth Industrial Revolution, according to Schwab, is a radical change in the productive system and in the way we interact with each other. It has already begun, but its progress will be faster and faster.

Impact

The Fourth Industrial Revolution is beginning to influence different areas of life:

* Economy:

growth, employment and the nature of work. Not a few experts say that most of the jobs that will be in two decades have not yet been invented.

* Company:

It will revolutionize the way production is organized and the way customers express their expectations. The proper use of Big Data will facilitate meeting the demands of the market in a more efficient and personalized way. There will be more robots. It will increase productivity. It will reduce costs. It will globalize exchanges 100%.

* Society.

Relations between social groups (organizations, governments, countries) will change due to the transparency and immediacy of the information. The inequalities between better and worse people and social groups located or prepared for change will be accentuated.

* Person.

The interaction with each other will undergo a profound transformation. Some robots have already begun to replace people in the care of sick or elderly people: they keep company and show sympathy, but are unable to provide affection. The traditional sense of privacy has been buried for years. Now they follow our trail when using the mobile or the computer. More and more people will carry in their body or clothing a chip that identifies them only with their physical presence in one place.