i3 - May/June 2019 - 23

REGULATORY IMPLICATIONS

Government involvement is already
looming in the global march toward the
Fourth Revolution, ranging from tax polThe politics of The
technology
Altering the human
being
politics of technology
Altering
the human being
icy to security and safety to labor rules.
Atkinson asks, "The key question for
Reforming theReforming the
Extending Digital
Extending Digital
any government is, what side are they on?
physical worldphysical world
Technologies Technologies
You are either for advancing the pace and
scope of this next tech wave - which
Systems-level Systems-level
Strategies for Strategies for
won't happen fast enough without govchallenges andchallenges and
stakeholders stakeholders
opportunities opportunities
ernment help - or you want to limit and
constrain it," he explains. Governments
Integrating theIntegrating the
(Dis)Empowering
(Dis)Empowering
environment environment
stakeholders stakeholders
that try to restrain technology "will see
their economies lose to governments that
do the former."
Deloitte's Hanley recently analyzed how
Industry 4.0-related technologies will
affect business models and in turn tax
policy. At the very least, he asks, "How can
the analysis itself be valued and taxed if
the process is automated, and the work
© World Economic
© Forum
World Economic Forum
not performed by humans?"
Hanley believes that regulations "will
most likely eventually adapt, but it may
take time for them to catch up with the
fast pace of change."
"Building an understanding of the ways
the Fourth Industrial Revolution will
change what businesses do will help policymakers figure out how best to adapt to
Blending digital and biological sciences is at the
the changes," Hanley concludes.
core of many projects. For example:
Schwab has also voiced concerns about
society's ability to integrate digital and
COBOTS: "Collaborative robots" are so safe they
human factors.
work together with humans. Cobots are now used
"Inequality represents the greatest
on factory floors, although to outsiders they look
societal concern associated with the
just like robots.
Fourth Industrial Revolution," he says.
"This helps explain why so many workers
PRECISION MEDICINE: To handle illnesses trigare disillusioned and fearful and why
gered by interactions between genetics and the enmiddle classes around the world are expevironment, researchers are using big data analysis
riencing a pervasive sense of dissatisfacto identify biomarkers and estimate patient risks.
tion and unfairness."
"The changes are so profound that, from
RETAIL: Augmented reality changes the shopthe perspective of human history, there
ping experience, customizing products for spehas never been a time of greater promise
cific customers.
or potential peril," Schwab wrote. "My
concern is that decision makers are too
BIO-AGRICULTURE: Artificial intelligence maoften caught in traditional, linear (and
chine vision systems can measure crop populanon-disruptive) thinking or too absorbed
tions and detect weeds or plant pests and use
by immediate concerns to think strategirobotic sprayers to precisely apply herbicides.
cally about the forces of disruption and
innovation shaping our future." 

Fourth
Fourth
Industrial
Industrial
Revolution
Revolution

Fourth Revolution
Convergence

C TA . t e c h / i 3

MAY/JUNE 2019

23


http://CTA.tech/i3

i3 - May/June 2019

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