We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another.

Read the full article at: www.weforum.org

Note:  Klaus Schwab’s article discusses various aspects of the Fourth Industrial Revolution – its challenges and opportunities, its impact on business, government and people, and what could be done to shape the future.  While this post customarily summarizes an article, the subject of this one is too meaty and its scope, mind-boggling. This is an article (and video) we recommend reading in its entirety. Every thought put forth is worthy of our deepest consideration and, ultimately, our best actions.  

Unless you’ve been living under the proverbial rock or deep in the remote Brazilian jungle, you’ve noticed that technology has impacted the way most of us live.

These impacts are so great that Klaus Schwab, founder and executive chairman of the World Economic Forum, calls them by name – The Fourth Industrial Revolution.  And even if you are comfortable with technology, the breadth and ramifications of this revolution, as Schwab explains it, will take your breath away.

These are just a few of his words:

“We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before.

“The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution…It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

“When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.

“There has never been a time of greater promise, or one of greater potential peril…In the end, it all comes down to people and values. We need to shape a future that works for all of us by putting people first and empowering them. In its most pessimistic, dehumanized form, the Fourth Industrial Revolution may indeed have the potential to ‘robotize’ humanity and thus to deprive us of our heart and soul. But as a complement to the best parts of human nature—creativity, empathy, stewardship—it can also lift humanity into a new collective and moral consciousness based on a shared sense of destiny. It is incumbent on us all to make sure the latter prevails.”

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