First industrial revolution:

  • Steam power

Second industrial revolution:

  • Electricity

Third industrial revolution:

  • Electronics, computers, automation

Forth industrial revolution:

  • Automation everywhere, AI systems, robots, internet connected devices & equipment,  cloud computing, distributed computer, cloud applications, smart home equipment, smart software, etc.

Economic growth:

  • Much higher as automation systems can make enormous quantity of products

Jobs:

  • Laborious jobs will be no more
  • Most people have to be at least engineers, scientists,…
  • Instead of workers working with mechanical machine, engineers will administrate (don’t even have to take time to operate, admin only) the automated & AI equipment.
  • New job positions: Automaton Administrator, AI Administrator
  • These new job positions will bring the same number of jobs to people

References:

https://en.wikipedia.org/wiki/Industry_4.0
https://en.wikipedia.org/wiki/Fourth_Industrial_Revolution

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