The elimination of intellectual-property protection also significantly reduces the cost of printing products, giving the 3-D printing enterprise an edge over traditional manufacturing enterprises, which must factor in the cost of myriad patents. The near zero marginal cost phenomenon brought the music industry to its knees, shook the film and television industries, forced newspapers and magazines out of business, crippled the book publishing market and forced universities to rethink their business model. Wharton Neuroscience Initiative director Michael Platt explains how his new book targets the science behind leadership in a Q&A with Wharton School Press. The impact of the reorganisation of the UK state (Mimeo). This site uses Akismet to reduce spam. objection was that scientists and biotech companies were Building on the 3rd Industrial Revolution, the data revolution dominated by the arrival of computers, digital networks, the Internet and global telecommunications, the 4th is seen as a convergence of the physical, digital and biological worlds. The Fourth Industrial Revolution (or Industry 4.0) is the ongoing automation of traditional manufacturing and industrial practices, using modern smart technology. The Industrial Revolution caused many upheavals to society, including urbanization, the rise in power of the common person, the decline of patriarchy, and democratization. The digitisation of manufacturing will transform the way goods are made—and change the politics of jobs too. It has been followed by the Third Industrial Revolution in which digital communications technology and the internet changed how we transmit information, do business and … The risk is that workers in high-skilled, blue-collar manufacturing jobs will be displaced by machines before the dust of the Third Industrial Revolution settles. In Schwab’s view, the current revolution is the very first that, instead of progressing in … The challenge is the conventional energy sector, built around fossil fuels and nuclear power, that thinks in a centralized manner and the corporate mindset that is mirrored in Congress. A third industrial revolution. The right of free and open access to the renewable energies that bathe the Earth is increasingly becoming a rallying cry of a younger generation committed to sustainable lifestyles and stewardship of the biosphere. Shared interest replaces self-interest. The Collaborative Commons is already changing the way we organize economic life, offering the possibility of dramatically narrowing the income divide, democratizing the global economy and creating a more ecologically sustainable society. The Social Impact of the Industrial RevolutionOverviewThe Industrial Revolution increased the material wealth of the Western world. The Social Impact of the Industrial Revolution. The history of warfare and international security is the history of technological innovation, and today is no exception. Artificial Time. setTimeout( Klaus Schwab, executive chairman and founder of the Davos Forum, has written a book and an article about the event for Foreign Affairs, the leading magazine for analysis and debate of foreign policy. During Revolution 2.0 we paid the price for the abuses of Revolution 1.0 in the form of communism and racial tensions. Recent surveys underscore the broad economic potential of the Collaborative Commons. The rapid decline in transaction costs brought on by The Third Industrial Revolution are leading to the democratization of information, energy, manufacturing, marketing, and logistics, and the ushering in of a new era of distributed capitalism that is likely to change the very way we think of commercial life. (Me – As the TIR proceeds we will become less reliant on oil and the world will be sharing resources more, both of which will result in less need for the military. He favors the creation of energy cooperatives in every neighborhood to allow small, micro-producers of energy to aggregate their capital and spread their risk so they can become effective players in the distributed energy market.