The Fourth Industrial Revolution
As a global society, we’ve made quite the progress in the recent past. Particular to the past century, we have made advancements in Artificial Intelligence, robotics, clean energy, and communication-based technology. As this technology integrates with markets, the enterprise solution has adopted the most innovative technologies, from the advances in AI and robotics, clean energy to augmented and virtual reality technologies. This Fourth Industrial Revolution not only has brought us an abundance of new equipment to tackle our most significant obstacles, but it has also brought us together in ways previously unimaginable.
But what is the Fourth Industrial Revolution, and what are the implications this revolution will have on our market? The Fourth Industrial Revolution, also known as 4IR or Industry 4.0, is the recent advancements in digital technology, leading to an increased quality of life. With this Fourth Industrial Revolution, we have seen advances in AI and robotics, the development of the Internet of Things, genetic engineering, and many more. Regardless of what socioeconomic class you are in, the Fourth Industrial Revolution has impacted how we live our lives and arguably for the better. You name it, and it’s probably been involved or advanced somehow by the newest tier of this revolution.
Not only is the Fourth Industrial Revolution a game-changer because of the added edge with the technologies developed during this era, but the simple changes in the market that we have already experienced and will continue to share are life-changing. The overall modification in the concept of wealth and wealth distribution has helped us overcome certain circumstances that we could not otherwise overcome. Only through the accessibility that comes mainly from communication-based technology to information is incredibly helpful in decreasing socioeconomic classes’ gap. Through the accessibility to free and new information, we have seen changes in journalism, corporate communication, interpersonal communication, and so much more, including access to education, healthcare, and other fundamental human rights. Accessibility is key to a well-functioning society, and the Fourth Industrial Revolution is making this an even more significant possibility.
Another implication to expect in the market, mainly due to the Fourth Industrial Revolution, is decentralization in many ways. Firstly, on wealth, a shared/global economy is on the rise more than ever. This decentralization of economic goods has already brought many new decentralized currencies, ultimately bringing us together solely using our capital. This increase in shared currencies globalizes our communities in more ways than we can probably imagine this early on. The decentralization of money is another way the Fourth Industrial Revolution allows for the accessibility of resources to more people, regardless of socioeconomic class. We continue to see an increase in young people actively participating and interacting with the New York Stock Exchange and foreign and decentralized currencies. This increase in retail investor participants is due to the accessibility of the market, which will increase in a decentralized economy.
Additionally, decentralization brings in new forms of government among us. This decentralization not only will have impacts nationally but also internationally through dispersed governance technologies. With the need to collaborate more frequently and interact on a deeper level, dispersed governing is simply a byproduct of the Fourth Industrial Revolution. Surpassing the market to be managed on such a strict level that we seemingly have needed in the past, we have invented ways to connect with others to the point of not needing such hands-on governing. The dispersion of governments that we will likely go through could be sooner than we know it; additionally, Through the emergence of smart contracts and integrated technologies, the quicker the growth of a decentralized government of governing and the economy’s fluctuation even grander scale than ever before.
With that all said, the Fourth Industrial Revolution is one of many wonders. The constant innovation that humankind has seen in its recent history is incredible and will have lasting impacts on this world and the global market. Depending on how equipped we are to live in a world of decentralized matters and technologies bringing us together, the future is simply a matter of today’s innovation.
Isabelle C. Jean
