Question

There is every reason to be optimistic about the fourth industrial revolution

(4IR). Technology at the centre of the 4IR plays the role of fusing different
domains in a way that impacts the human experience in every aspect. Despite
all the optimism that the 4IR is associated with as far as the future is concerned,
there are also some reservations that researchers, key business people and
politicians commonly share. Discuss seven (7) key reservations that may limit
the impact of the 4IR in certain economies.

Answer 1

The Fourth Industrial Revolution (4IR) – the rise of artificial intelligence, data analytics, the internet of things and robotics – could usher in a new era of greener transportation, data-driven solutions for reducing pollution along supply chains and robotics capable of removing carbon dioxide and pollutants from the ...impact?

It's a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), Web3, blockchain, 3D printing, genetic engineering, quantum computing, and other technologies. It's the collective force behind many products and services that are fast becoming indispensable to modern life.

In the case of the Fourth Industrial Revolution, the advantages are evident: increased productivity, efficiency and quality in processes, greater safety for workers by reducing jobs in dangerous environments, enhanced decision making with data-based tools, improved competitiveness by developing customised products that ...