Updated: Dec 7, 2020
We have come a long way since steam and water mechanised production in the First Industrial Revolution. According to the World Economic Forum, the fourth and latest revolution is marked by increasingly blurred lines between the physical, digital and biological spheres. It brings innovations based on combinations of technologies, and in this world cyber-physical systems, automation and the Internet of Things (IoT) combine, releasing the potential for scalability and exponential growth. Everything we know will be impacted, customer expectations, product enhancements, collaborative innovation and organisational forms. The Fourth Industrial Revolution in particular is notable for its anticipated velocity, scope and systems impact. It might not seem like it right now, but change is coming, and it is coming quickly. Are you getting ready to Reboot?
“The speed of current breakthroughs has no historical president.” – World Economic Forum
Getting to grips with the potential for new technologies to influence and disrupt existing industry value chains needs to be more than an academic exercise or talking point. The future of work will look, and feel, dramatically different to what we experience today.
Jobs will disappear, they will adjust and transform, entirely new ones will emerge. Some argue that a complete paradigm shift is needed, right from factory floor worker to C-suite executives, necessitating organisation-wide change programmes and a complete rethink of existing processes.
At LGIT we like to start at a local level with a few simple questions. Our aim is to spark practical actions. Take 2 minutes to answer these 3 questions:
What does the Fourth Industrial Revolution mean for me, as an individual in my current role or career?
What might it mean for my closest colleagues, or my team?
What are the things I can start thinking about this year, 2019, in preparing for the future?
What actions can I take?
We have a few ideas, we’d like to hear yours.
Watch out for our next blog, where we will share one view of the skills needed to thrive in the next industrial revolution. (Here’s a spoiler alert, they may not quite be what you expect.)
This is the third blog in our ALT to Reboot Leadership Series. Visit our website to read blogs one and two. And contact us if you want to explore your Reboot. Our solutions are a little different from the norm – we invite courage, experimentation and collective wisdom into the room, with new and innovative methods.
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