The Fourth Industrial Revolution Quotes

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The Fourth Industrial Revolution The Fourth Industrial Revolution by Klaus Schwab
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“when two people are talking, the mere presence of a phone on the table between them or in their peripheral vision changes both what they talk about and their degree of connectedness.65”
Klaus Schwab, The Fourth Industrial Revolution
“On the societal front, a paradigm shift is underway in how we work and communicate, as well as how we express, inform and entertain ourselves.”
Klaus Schwab, The Fourth Industrial Revolution
“The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril.”
Klaus Schwab, The Fourth Industrial Revolution
“Technology is not an exogenous force over which we have no control. We are not constrained by a binary choice between “accept and live with it” and “reject and live without it”. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world. The more we think about how to harness the technology revolution, the more we will examine ourselves and the underlying social models that these technologies embody and enable, and the more we will have an opportunity to shape the revolution in a manner that improves the state of the world.”
Klaus Schwab, The Fourth Industrial Revolution
“The more we think about how to harness the technology revolution, the more we will examine ourselves and the underlying social models that these technologies embody and enable, and the more we will have an opportunity to shape the revolution in a manner that improves the state of the world.”
Klaus Schwab, The Fourth Industrial Revolution
“The second industrial revolution has yet to be fully experienced by 17% of the world as nearly 1.3 billion people still lack access to electricity.”
Klaus Schwab, The Fourth Industrial Revolution
“It may be too soon to tell, but extrapolating from current trends indicates that mobility will play an ever more important role in society and economics in the future than today:”
Klaus Schwab, The Fourth Industrial Revolution
“As all these trends happen, the winners will be those who are able to participate fully in innovation-driven ecosystems by providing new ideas, business models, products and services, rather than those who can offer only low-skilled labour or ordinary capital.”
Klaus Schwab, The Fourth Industrial Revolution
“Shared understanding is particularly critical if we are to shape a collective future that reflects common objectives and values.”
Klaus Schwab, The Fourth Industrial Revolution
“The fact that a unit of wealth is created today with much fewer workers compared to 10 or 15 years ago is possible because digital businesses have marginal costs that tend towards zero.”
Klaus Schwab, The Fourth Industrial Revolution
“The fourth industrial revolution, however, is not only about smart and connected machines and systems. Its scope is much wider. Occurring simultaneously are waves of further breakthroughs in areas ranging from gene sequencing to nanotechnology, from renewables to quantum computing. It is the fusion of these technologies and their interaction across the physical, digital and biological domains that make the fourth industrial revolution fundamentally different from previous revolutions. In”
Klaus Schwab, The Fourth Industrial Revolution
“Technology is not an exogenous force over which we have no control. We are not constrained by a binary choice between “accept and live with it” and “reject and live without it”. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world.”
Klaus Schwab, The Fourth Industrial Revolution
“the cost of storing information is approaching zero (storing 1GB costs an average of less than $0.03 a year today, compared to more than $10,000 20 years ago).”
Klaus Schwab, The Fourth Industrial Revolution
“To a large extent, the millennial generation is setting consumer trends. We now live in an on-demand world where 30 billion WhatsApp messages are sent every day32 and where 87% of young people in the US say their smart phone never leaves their side and 44% use their camera function daily.33 This is a world which is much more about peer-to-peer sharing and user-generated content. It is a world of the now: a real-time world where traffic directions are instantly provided and groceries are delivered directly to your door. This “now world” requires companies to respond in real time wherever they are or their customers or clients may be.”
Klaus Schwab, The Fourth Industrial Revolution
“The app economy provides an example of a new job ecosystem. It only began in 2008 when Steve Jobs, the founder of Apple, let outside developers create applications for the iPhone. By mid-2015, the global app economy was expected to generate over $100 billion in revenues, surpassing the film industry, which has been in existence for over a century.”
Klaus Schwab, The Fourth Industrial Revolution
“This book is organized in three chapters. The first is an overview of the fourth industrial revolution. The second presents the main transformative technologies. The third provides a deep dive into the impact of the revolution and some of the policy challenges it poses. I conclude by suggesting practical ideas and solutions on how best to adapt, shape and harness the potential of this great transformation.”
Klaus Schwab, The Fourth Industrial Revolution
“My concern, however, is that decision makers are too often caught in traditional, linear (and nondisruptive) thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future.”
Klaus Schwab, The Fourth Industrial Revolution
“creating more space for stillness in order to reflect on important decisions.”
Klaus Schwab, The Fourth Industrial Revolution
“According to the innovation charity Nesta in the UK, the five cities that are globally best placed in terms of having the most effective policy environment to foster innovation are: New York, London, Helsinki, Barcelona and Amsterdam.”
Klaus Schwab, The Fourth Industrial Revolution
“It is the fusion of these technologies and their interaction across the physical, digital and biological domains that make the fourth industrial revolution fundamentally different from previous revolutions.”
Klaus Schwab, The Fourth Industrial Revolution
“increasing inequalities might emerge between tech-savvy individuals, who understand and control these technologies, and less knowledgeable individuals, who are passive users of a technology they do not understand.”
Klaus Schwab, The Fourth Industrial Revolution
“This work indicates that the fourth industrial revolution is unique, driven as it is by a global network of smart (network-driven) cities, countries and regional clusters, which understand and leverage the opportunities of this revolution – top down and bottom up – acting from a holistic and integrated perspective.”
Klaus Schwab, The Fourth Industrial Revolution
“Labour markets, meanwhile, are becoming biased towards a limited range of technical skill sets, and globally connected digital platforms and marketplaces are granting outsized rewards to a small number of “stars”.”
Klaus Schwab, The Fourth Industrial Revolution
“Today, a middle-class job no longer guarantees a middle-class lifestyle, and over the past 20 years, the four traditional attributes of middle-class status (education, health, pensions and house ownership) have performed worse than inflation.”
Klaus Schwab, The Fourth Industrial Revolution
“interaction across the physical, digital and biological domains that make the fourth industrial revolution fundamentally different from previous revolutions.”
Klaus Schwab, The Fourth Industrial Revolution
“New technologies will dramatically change the nature of work across all industries and occupations.”
Klaus Schwab, The Fourth Industrial Revolution
“Turkle refers to studies showing that, when two people are talking, the mere presence of a phone on the table between them or in their peripheral vision changes both what they talk about and their degree of connectedness.”
Klaus Schwab, The Fourth Industrial Revolution
“Professional activities are dissected into precise assignments and discrete projects and then thrown into a virtual cloud of aspiring workers located anywhere in the world.”
Klaus Schwab, The Fourth Industrial Revolution
“Businesses, industries and corporations will face continuous Darwinian pressures and as such, the philosophy of “always in beta” (always evolving) will become more prevalent. This suggests that the global number of entrepreneurs and intrapreneurs (enterprising company managers) will increase. Small and medium-sized enterprises will have the advantages of speed and the agility needed to deal with disruption and innovation.”
Klaus Schwab, The Fourth Industrial Revolution
“Now, faced with a combination of increased complexity and hyper-specialization, we are at a point where the desire for purposeful engagement is becoming a major issue.”
Klaus Schwab, The Fourth Industrial Revolution

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