Shaping the Fourth Industrial Revolution Quotes

“The new technology age, if shaped in a responsive and responsible way, could catalyse a new cultural renaissance that will enable us to feel part of something much larger than ourselves – a true global civilization. The Fourth Industrial Revolution has the potential to robotize humanity, and thus compromise our traditional sources of meaning – work, community, family, identity. Or we can use the Fourth Industrial Revolution to lift humanity into a new collective and moral consciousness based on a shared sense of destiny. It is incumbent on us all to make sure that the latter is what happens.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“All strategies to address global climate change require large-scale interventions to have anything more than short-term local effects. Even massive reforestation might not offset the ongoing yearly deforestation in the Amazon and elsewhere.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“The tools we’ve relied on for decades to manipulate and interact with computers – the mouse and keyboard – will quickly fade with next-generation technology. Interface will move towards the fidelity of the real world, as simple as the sound of your voice and a blink of your eyes.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“The complex human brain is a fascinating domain. A skull has around 1.4 kilograms of cells, including over 80 billion neurons connected in over 100 trillion ways. If each of the 7.4 billion people living on earth knew everyone else, understanding their social relationships would be simplistic compared to understanding the pattern-making potential of the human brain.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“the integration of materials with blockchain technologies could aid in the implementation of a global database for trusted materials sourcing and recycling provenance records.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“AI, robots and humans work better when they work together. Human chess players in collaboration with AI chess programmes consistently beat both other humans and other computers working on their own.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“The impact of AI and robotics on labour markets is expected to grow, both in developing and developed regions. In the United States, estimates range from 10% to nearly 50% of US jobs at risk of computerization.[135],[136] In China, Foxconn replaced 60,000 workers in factories with robots over the course of two years.[137] Automation could undermine industrialization in developing countries by undercutting their labour cost advantage: production once offshored by developed countries is now being reshored.[138”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“while AI is busy improving itself, robotics’ industry spending is set to exceed $135 billion in 2019, nearly double its 2015 figure.[132] Not only will vehicles lose their drivers, the vehicles themselves are likely to be built by robots, especially since the automotive industry is the number one buyer of automated robots”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“One way in which the Fourth Industrial Revolution could exacerbate inequality is via monopoly power: already, for example, Google controls almost 90% of the global market share of search advertising, Facebook controls 77% of mobile social traffic and Amazon has almost 75% of the e-book market.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“To paraphrase Madeleine Albright, we face the task of understanding and governing 21st-century technologies with a 20th-century mindset and 19th-century institutions.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“While inequality between countries has reduced considerably since the 1970s due to the rapid development of emerging market nations, inequality within countries is rising.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“Since the first Industrial Revolution, the average real income per person in OECD economies has increased around 2,900%.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution

“Chapter Summary The Fourth Industrial Revolution is a new chapter in human development, driven by the increasing availability and interaction of a set of extraordinary technologies, building on three previous technological revolutions. This revolution is only in its early stages, which provides humankind with the opportunity and responsibility to shape not just the design of new technologies, but also more agile forms of governance and positive values that will fundamentally change how we live, work and relate to one another. Emerging technologies could provide tremendous benefits to industry and society, but experience from previous industrial revolutions reminds us that to fully realize them, the world must meet three pressing challenges. To attain a prosperous future, we must: Ensure that the benefits of the Fourth Industrial Revolution are distributed fairly Manage the externalities of the Fourth Industrial Revolution in terms of the risks and harm that it causes Ensure that the Fourth Industrial Revolution is human-led and human-centred As leaders grapple with the uncertainty brought about by rapid technological change, adaptation does not require predicting the future. Far more critical is developing a mindset that considers system-level effects, the impact on individuals, which remains future oriented and is aligned with common values across diverse stakeholder groups. So, for the future, the four important principles to keep in mind when thinking about how technologies can create impact are: Systems, not technologies Empowering, not determining By design, not by default Values as a feature, not a bug The regulation, norms and structures for a range of powerful emerging technologies are being developed and implemented today around the world. The time for action is therefore now, and it is up to all citizens to work together to shape the Fourth Industrial Revolution.”
― Klaus Schwab, Shaping the Fourth Industrial Revolution