There is a saying “Change is inevitable” and the perfect example for this is the Fourth Industrial Revolution. The first industrial revolution used water and steam power to mechanize the things. The second industrial revolution used electricity to increase the productivity. The third industrial revolution was based on the electronics and the information technology. Now we are in the shifting phase of the 3rd to the 4th industrial revolution which is going to make a major impact on the current industrial practices by the domination of Automation, Artificial intelligence, 3D printing, Nanoscience etc.,
The present academia is looking forward to the upcoming technological changes and started providing various technology-related courses. One of the examples for this is the Certificate Course on Nanoscience and Technology organized by ITM University Gwalior and MMU Mullana etc. The premium institutes like IITs are collaborating with many new startups who are the key source for the innovation. The current generation doesn’t want to settle down in their career but they strive hard to do something on their own.
Coming back to the 4th industrial revolution the possibilities of billions of people connected by mobile devices using the internet, with large storage capacity, and access to knowledge, are enormous. And these possibilities will be multiplied by emerging technology breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. We can witness artificial intelligence making breakthrough innovations in the field of self-driving cars, Internet of things, outsourcing, drones, virtual assistants etc., The generation is agile in nature and that is the major reason for the fast changes in the industry. Today’s technology may become obsolete after six months and that’s the pace on which this generation travels. The reason for this is that most of the innovations are incremental innovations, not radical innovations. Overall, the unstoppable shift from simple digitization to innovation based on a combination of technologies is pushing companies to reinvent the way they do business. The business leaders and senior executives need to understand their changing environment, change the assumptions of their operating teams, and relentlessly and continuously innovate.
Many institutes like, BITs Philani, Maharishi Markandeshwar University ( MMU Mullana ), Christ University, VIT and SRM etc., are providing a vast range of courses which are very useful to compete with this agile business world. Diverse culture in terms of academics inside a single campus which will pave a way for collaborative research and that will lead to innovations.
The fourth industrial revolution will change not only our life but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we develop our careers, cultivate our skills, meet people, and nurture relationships.
And that shows “the change is inevitable”.