The new 4th industrial revolution is upon us, and with it brings different ways of doing things and different ways of doing business. So, what exactly is the 4th industrial revolution, and are we ready for it?
In terms of a definition, the 4th industrial revolution involves the digital, physical, and biological industries and how these boundaries are now blurred. It also combines the latest advances in the Internet of Things (IoT), artificial intelligence (AI), genetic engineering, 3D printing, robotics, quantum computing, and various other advanced technologies.
Human productivity is increased.
A significant advantage of this new 4th industrial revolution is the fact that it increases and improves human productivity. This is because we can now enjoy advanced technologies, such as automation and artificial intelligence, and this helps us to make smarter and more informed choices and decisions, as well as to be able to solve problems quicker and more effectively.
Human intelligence is still highly sought-after.
Many folks have been worried about the impact of the 4th industrial revolution and how this will affect their jobs and the ability to find work.
The good news is that although the 4th industrial revolution will naturally result in more automated processes, artificial intelligence, and automation of jobs, there are still many jobs in which having an actual human being is vital.
This means that we can enjoy all the benefits that the 4th industrial revolution will bring but still have the peace of mind that we will always be needed in the corporate and manufacturing sectors.
The 4th industrial revolution requires special skills.
Ask any expert on the 4th industrial revolution, and they will tell you that the future is looking incredibly bright. We will be able to dream bigger, do bigger and better things, deliver excellent results, and offer much-improved services and products.
That being said, these high expectations and lofty dreams will only be possible if there are skilled individuals who can use new technology and have a specific set of skills.
Traditionally, it was enough for workers to have a minimal set of skills for them to obtain jobs. If you had additional capabilities, such as being able to use a computer, type fast, speak another language, or operate a particular machine.
Today, things are very different, and it is naturally expected of an employee to be able to type fast, be able to use a computer extensively, and to speak a global language, like English.
The modern world is also very fast-moving. For example, skills that were highly sought-after in an employee in the year 2000 have changed considerably since then. The corporate marketplace is now much more competitive, and job candidates must have many more advanced skills than ever before.
The competitive nature of today’s working environment is giving folks many more challenges, but also far more opportunities than in the past.
The 4th industrial revolution is improving the quality of life of people around the world.
Although the 4th industrial revolution is challenging and very demanding, one of the major advantages is that it is helping to improve the quality of life of people throughout the world.
If you would like to make the most of the 4th industrial revolution and to remain competitive in this challenging environment, it is essential to be willing to continuously improve your skills and knowledge in your specific industry.
This can help you to remain competitive in your job market and to land jobs that are well-paying and offer a lot of job satisfaction.
Soft skills are vital in the 4th industrial revolution.
The 4th industrial revolution requires individuals to have advanced technical and digital skills but also a full suite of soft life skills to thrive in the corporate world.
Examples of much-needed soft skills include:
- time management
- complex problem solving
- emotional intelligence
- stress management
- excellent customer service
- critical thinking and
- excellent decision making and judgment skills
Many recruiters and employers, however, value emotional intelligence the highest out of all the above soft skills. This is because being able to react and treat others appropriately can be a great asset when working within a multi-cultural team that consists of people from all backgrounds, and people with a wide range of personalities.
The 4th industrial revolution is forcing people to develop new skills and acquire new and innovative knowledge, which is a major advantage!