Industry 4.0
The only thing that doesn't change is change doesn't change.
In history, there have been three phases of Industrial Revolutions have happened. The first one happened with the invention of the Stirling Engine in 1816. The second happened with the transition of mass production and more common usage of electricity and the third happened with the invention of the internet. Today humankind is heading to the new fourth part of the Industrial Revolution which will come with the Industrial Strategic plan of Robert Bosch GmbH, Henning Kagermann, and their group. According to that plan, Industry 4.0 will happen with the improvements in AI(Artificial Intelligence) and more usage of IoT(Internet Of Things). Even now these two factors have significant effects on our life. So it is very obvious that Industry 4.0 will have huge effects in the terms of social, economic, and micro-social which are daily events.
Primarily, the improvements in AI and more common usage of it definitely will have an effect on most sectors. When it will be upgraded, it may substitute several jobs. For instance, there are thousands of customer representatives and each company has hundreds of them and they have to pay these employees. But only one AI software can handle the work these employees do. It can speak with the customers on phone and solve their problems. Due to that, these people might be unemployed. Nevertheless with more usage of AI new types of sectors and jobs will be existed. For instance a sector about supervision of AI or AI software developers. Due to that, there will be new opportunities for these unemployed people.
Secondly, the usage of AI in business and might even policy will have huge effects on micro and macroeconomics. In business using AI will provide energy savings because it always makes the right decisions always and has a feature which is self-audit. In other words, AI has no chance of making a mistake or doing energy waste. Due to that, the prices in the all of energy sectors will be reduced. In politics, politicians may consult with AI which is very advanced in important decisions. With that Countries and Companies, which won't be adjusted to the new technology which will be brought by Industry 4.0, is going to be regressed.
Thirdly, we will be able to use a more advanced and new type of internet which is IoT. IoT is a connection among everything. It makes most stuff more qualified. For example, an apartment that is equipped with IoT might be connected with other stuff in it. When a housemaster came to home elevator automatically calls the elevator or opens the lock the of house door without a key. Even IoT has included our life now. In 2018 a smart car has been created by Elon Musk. That car has called TESLA and it is able to drive itself without a driver. In the future, we will definitely see more interesting inventions.
Eventually, Industry 4.0 will have various effects in the terms of people’s jobs, business, politics, and daily life. Some of its effects are positive some of them are negative but it is certain like the other Industrial Revolutions in history it will have huge effects on the earth and perhaps out of the world.