The world is facing a continuous change due to the ever-increasing scientific and technological development and innovations. These developments have changed the political, social and economic lives of mankind.
The history in itself is defined by the improved technologies and new scientific discoveries like wheels, stone tools, steam engines, trains, automated machines, computers, etc. Now, we are at the cusp of the Fourth Industrial Revolution, the one that is dominated by technologies that far exceed human intelligence.
These innovations and technological growth may help mankind solve existing problems like poverty, death due to calamities, accidents, etc. These developments are fast-paced and ever-growing.
Currently, the laws and government policies are slow in preparing for these new technologies and scientific discoveries. The Indian Government must take immediate steps to make full use of the new and exhilarating possibilities arising out of the Industrial Revolution 4.0.
Currently, the world is facing many threats like climate change, isolationism, global conflicts, unemployment, poverty, and inequality. Simultaneously, with the advent of the Industrial revolution 4.0, the world is also facing exciting changes like the emergence of self-driving cars, 5G networks, etc. However, the Industrial Revolution 4.0 has its downside. It is argued that, if the change is not addressed properly there will be negative implications like a further increase in unemployment and poverty crisis. The concept of Globalization 4.0 seeks to address these issues and promote inclusive and sustainable growth.
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Artificial Intelligence (AI), also known as the Industrial Revolution 4.0, has been making deep strides in scientific and technological innovation across different fields. It is capable of bringing considerable transformations in the way civilian activities and military operations are conducted. However, there are also concerns regarding the AI’s implications for employment and other ethical issues.