The term the fourth industrial revolution has been coined to describe the developing environment in which new and disruptive technologies and trends, such as the Internet of Things (IoT), robotics, virtual and augmented reality (VR/AR) and artificial intelligence (AI) are impacting the way we live and work. In the year 2000, the average person’s attention span was 12 seconds, in 2019 that became just 8 seconds. In 19 years we’ve lost 4 seconds of concentration as a species, but what does that mean for the future?
You may not have heard of The Internet of Things, but it’s all around us. It’s best described as an interrelated system of computing devices, mechanical and digital machines, objects, people, and animals fitted with a unique identifier and with the ability to transmit data, without outside interaction from humans or other computer-based devices. Examples of these types of systems are already found in everyday life and include things such as smart electronic appliances, thermostats and, of course, cars. More radical examples include Smart manufacturing/factories and Lights out (manufacturing) also known as dark factories.
It’s been predicted that by the year 2034, 47% of all jobs will be automated, but 15 million new types of jobs will be created. Over the next 14 years, there will need to be a shift in how we approach work and a lot of reskilling will need to take place to meet the demand for these types of new roles. Read more here…