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THE FOURTH INDUSTRIAL REVOLUTION: ADVANTAGES AND DISADVANTAGES

THE FOURTH INDUSTRIAL REVOLUTION: ADVANTAGES AND DISADVANTAGES

  People have always wanted to improve and ease their lives. They used a variety of means, tools, machines, and other people to achieve that goal. In achieving it, people change the way they live, work and relate to one another. All these rapid and abrupt changes in society that radically changed human life and occurred in a certain period of time are called Revolutions. Human history recognizes about 3 Revolutions so far that have affected all aspects of life. The world is facing the Fourth Industrial Revolution (4IR) which is characterized by a range of new technologies that are fusing physical, digital and biological worlds, impacting all disciplines, economies and industries. The 4IR will fundamentally change people’s lives. It covers wide-ranging fields such as Artificial intelligence, The Internet of Things (IoT), robotics, autonomous vehicles, 3D printing, nanotechnology, biotechnology, materials science, energy savings, computing, etc. This blog aims to explain in detail the advantage and disadvantage of the Fourth Industrial Revolution and warn people to understand it and make adaptations to it. Understanding the fourth Industrial Revolution and its new technologies and their threats is critical for all the nations.


Advantages

  According to the World Economic Forum Global Risks Report 2017, “the Fourth Industrial Revolution has the potential to raise income levels and improve the quality of life for all people. But today, the economic benefits of the Fourth Industrial Revolution are becoming more concentrated among a small group.


  It enables execution of transactions with soft real time. It is also enables simple distribution of functionalities to multiple nodes. And It is easy to install, activate and change in fourth industry architecture. Clear and monitored communication paths in fourth industry makes resource management very simple. Easy to add new protocols and processes. Possible to communicate between components on the shop floor.


Disadvantages

  The Cyber security is a major concern with Russia, North Korea, and China playing a major role in hacking into systems, this will be a major headache.

  And also, the skills and education of workers working on fourth Industry based processes needs to be improved drastically. Moreover, corporate IT department will become redundant and hence adoption of fourth industry is a major threat for these IT staff. So they will try to block everything. There will be general reluctance to change to fourth Industry by company management since transparency is a key pillar of fourth Industry. Reliability and stability are required for M2M (Machine to Machine) communication. This demands very short and stable latency timings in the system.



BY: FAISAH MOHAMMADHASSAN

VPN Provider Citrix Hacked | Hackercombat

Software maker and enterprise VPN provider Citrix has suffered a hack, which might have led to the hackers accessing about 6 TB of sensitive data, as per reports.

The FBI had contacted Citrix last week intimating the company of a data breach that had possibly impacted its internal network. Following this, Citrix investigated and confirmed the hack.