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How will the Fourth Industrial Revolution change the world?

With the 46th Davos World Economic Forum Annual Meeting setting the theme of the conference as "Mastering the Fourth Industrial Revolution", attention to the Fourth Industrial Revolution has become a hot topic in society and the media.
The Fourth Industrial Revolution is a new revolution driven by Internet of Things technology, big data and cloud computing, as well as artificial intelligence and 3D printing technology. It has led to the intelligence of production and services, informationization of life, and intelligence. However, many people still feel confused and have not fully understood what kind of changes the Fourth Industrial Revolution can bring.
The Fourth Industrial Revolution has a new characteristic: we can continuously generate new information and knowledge through information mining. The information about cars is constantly collected, and people can understand their operating conditions. In addition, by analyzing long-term information, we can gain a deeper understanding of the operational performance of vehicle components: mechanical and electronic, under different environments and working conditions. If we record the daily trajectory of a car and analyze long-term data information, we will know the driver's lifestyle, workplace, supermarkets they go to, restaurants they eat, and corresponding time characteristics. If the car is changed to a mobile phone, users will search for browsing history online, use WeChat to like and like, and record the history of online shopping. If analyzed, a lot of previously unknown knowledge will be obtained (which also poses a threat to human privacy).
Therefore, humans have entered the data age, and the types of information they generate are still growing. This big data based information and knowledge mining technology enables people to understand the surrounding environment from a new dimension. By using such technology and artificial intelligence, people can enable machines to master this skill. Therefore, by continuously analyzing data and accumulating knowledge, machines will have a higher level of intelligence.
In the new era, machines can replace many human tasks by constantly consuming data and improving intelligence. On the one hand, it can better serve humanity, and on the other hand, it also brings deep hidden worries to human society. The World Economic Forum stated that by 2020, the development of artificial intelligence, robotics technology, and other technological changes will result in over 5 million people worldwide losing their jobs.
The Fourth Industrial Revolution also had another new characteristic: better cooperation among humans in division of labor and production systems. The Industrial Revolution has always been related not only to significant technological progress and productivity improvement, but also to changes in production methods and relationships. Please note that the symbol of the Second Industrial Revolution is not only electricity, but also production lines. A production line is a form of production organization that enables workers to improve production efficiency through division of labor and specialized work.
Another characteristic of the Fourth Industrial Revolution is its derivative new economic form - the sharing economy. A very typical example of the sharing economy is ride hailing services. For example, through the internet platforms of Uber in the United States and Didi in China, customers can receive similar services as taxis provided by people who own private cars.
The impact of this sharing economy is not limited to the taxi industry. Looking at the impact of online shopping on traditional physical stores and the impact of internet finance on the traditional financial industry, it can be seen that the impact of the new industrial revolution is very profound, involving multiple aspects, and this impact is revolutionary. Source: China Automation Network

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