The 4th Industrial Revolution Is Coming: Hype or Reality?

The first industrial revolution started in the mid-18th century when steam engines began replacing much of manual labor; the second industrial revolution came about as the electric lamp reorganized the working day; the third one due to computers that automated business processes and allowed for better products and services. But a new industrial revolution is now upon us: cognitive computing and intelligent robots have started taking over some of the intellectual activities that we humans have managed to keep, so far, for ourselves. The anticipated impact of machines taking over, not only from the hardest working but also from the smartest working humans, is enormous. According to an estimate, 47% of current jobs will be lost in the next ten years; a prediction that, if confirmed, may wreck the political…

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