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the person should have information about the book the industrial revolution in world history by Peter stearns, I need it by Wednesday at 12 p.m
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Attached.
Running Head: FOURTH INDUSTRIAL REVOLUTION
Analysis of the Fourth Industrial Revolution
Student’s Name
Institutional Affiliation
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FOURTH INDUSTRIAL REVOLUTION
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Article Summary
The article looks into the “Fourth Industrial Revolution" as envisioned by Klaus Schwab.
At the core, the author describes the dimensions that will define the fourth revolution, its effects
and the impact on humans. The article opens with strong stamen that the scale, scope and
complexity of the revolution is something humans have never experienced. He claims that the
incoming revolution is unique due to its velocity, scope and system impact. Unlike other
industrials revolutions, the fourth revolution will explode at an exponential pace. Its speed will
be unprecedented. Additionally, its scope will be extensive as it will involve multiple and
complex technologies whose impact will be felt at all levels of the society. Schwab (2015, p.1)
asserts that it will alter the “what’, the “how” and the “who.” Lastly, its system impact will be
immense. It will transform entire systems at any part of the globe.
The author has also looked into the challenges and opportunities presented by the fourth
industrial revolution. As an opportunity, it will provide new sources of income generation and
help raise global incomes. Additionally, it will enhance the quality of life. It will make it easier
for consumers to access products and services which in turn enrich the efficiency and quality of
our personal lives. Some of the products include entertainment services, booking flights, and
making payments. That is, the revolution will reduce human effort.
At the market level, the revolution will equally provide notable benefits. To begin with, it
will help reduce the cost of transport and communication. Furthermore, it will increase efficiency
at the logistics and supply chain segments. These outcomes will boost economic growth.
Conversely, the revolution will generate negative outcomes. One, it might fuel wealth inequality
(Schwab, 2015, p.2). Analysts fear that the as...
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