…just as the Industrial Revolution transformed the productive potential of societies in the 19th and 20th centuries, a new wave of technological breakthroughs is reshaping economic and even social dynamics today. The difference is that the impact of this revolution will be even greater.
One outstanding feature of this revolution is the scope and scale of its disruptiveness. The Industrial Revolution occurred relatively slowly, like long waves in the ocean; though it began in the 1780s, its impact was not really felt until the 1830s and 1840s. The current technological revolution, by contrast, hits economies like a tsunami, with little warning and inexorable force.
A must-read article from the founder of the World Economic Forum.
The velocity of technological change has suddenly exploded in the last few years and it is now no exaggeration to call it a tech revolution. So many powerful tech-driven trends are emerging: Big Data, the Sharing Economy, genetic engineering, social media, 3-D printing, robots, job polarisation, driverless cars.
Any person or country not paying attention, not contemplating the ramifications of these trends, risks being left behind, made redundant.
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