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The Force Driving the Fourth Industrial Revolution

2016.06.17   RBD      Share to:

From June 26 to 28, 2016, the 10th Summer Davos Forum will be held in Tianjin, with the annual meeting themed "The Fourth Industrial Revolution - The Force of Transformation". National leaders will attend the forum.

The three agenda themes of this year's Davos Forum are: Reshaping the System - how the Fourth Industrial Revolution will change industries and production systems; Reshaping Growth - how the Outline of the 13th Five-Year Plan for National Economic and Social Development of China and a new generation of entrepreneurs in emerging markets will drive global and regional economic growth; and Rethinking Innovation - how breakthroughs in basic research, technology and business models will affect social and economic systems.

The invention of the steam engine drove the First Industrial Revolution, assembly lines and the use of electricity triggered the Second, and the invention and application of semiconductors, computers and the internet gave birth to the Third.

Driven by exponential advances in society and technology, this year's Davos Forum has turned its annual topics toward technological transformation and the Fourth Industrial Revolution. Within the industry, the core of this industrial revolution is seen as intelligence and informatization, forming a highly flexible, human-centered and digital model of product production and service.

As the Davos Forum in Switzerland opened earlier this year, Klaus Schwab, founder of the World Economic Forum, wrote The Fourth Industrial Revolution, reviewing new technologies including artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3D printing, blockchain and biotechnology. Schwab argued that these technologies coming together constitute the Fourth Industrial Revolution. At the same time, the theme of Summer Davos 2016 was chosen as "The Fourth Industrial Revolution - The Force of Transformation".

Schwab frankly admitted that the book collects ideas arising from his many conversations with Davos participants, and is "a product of collective wisdom". In the book he wrote that the Fourth Industrial Revolution is sweeping towards us with unprecedented momentum, developing as fast, as broadly and as deeply as the three revolutions before it. It integrates digital, physical and biological technologies, unleashing powerful forces that shape our economy and society.

David Aikman, Chief Representative of the World Economic Forum for Greater China, said in an interview with China Newsweek that the Fourth Industrial Revolution involves not a single technology but the result of multiple technologies interacting. He believes it cannot be viewed merely through a particular technology or industry, but must be understood holistically and systematically, with particular thought on how the next generation of industry will work with government and academia. These unknown areas need joint exploration by all sectors before the Fourth Industrial Revolution can become reality.

 

     

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