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LIVING IN THE FUTURE, ARE WE?

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 “YOU NEVER CHANGE THINGS BY FIGHTING THE EXISTING REALITY. TO CHANGE SOMETHING, YOU BUILD A NEW MODEL THAT MAKES THE EXISTING MODEL OBSOLETE” quoted by BUCKMINSTER FULLER.


We are moving to a greater level of conscience with changes arousing exponentially around us and stimulating fear, sorrow and happiness to us. The most prominent and anticipated event was the “Fourth Industrial Revolution .a.k.a. A Digital Era” which is sparking innovation, driving economic growth and improving the quality of lives.

Our First Industrial Revolution discovered the catalyst of production - Water and Steam Power. The Second used the potential of “Electric Power” to provide mass production. The Third led to the creation of “Information Technology”, “Electronics” and opened a new horizon of opportunities to explore for scientists, academics, businesses and governments.


WHAT IS HAPPENING NOW?

This era is characterised by unique technologies such as 3D Printing, Self-Driving Cars and connecting the dots between physical, biological and digital worlds. The innovations are disrupting almost every visible industry in every country at a pace which is unpredictable and transforming our mindset about technology.

All we hear now is about AI, AI and AI. Internet of Things(IoT), Drones, and Augmented Reality are possible in reality due to the remarkable progress achieved by engineers, designers, and architects over the recent years. The technological innovations in transportation and communication such as Autonomous Cars and 5G has propelled the creation of new markets, enhanced the efficiency and increased productivity to the pinnacle.


In the image above, you can notice that number of years it took for each of the inventions to reach 100 MILLION USERS. 

  • Telephone - 75 years

  • Instagram -  2 years 

  • Pokemon Go - 1 month 

The amplitude of resources and internet advancement  has enabled the user growth incredibly high in the past decades. Thanks to the evolving communication technology, we are accessing the apps/services in fingertips.

 

PROBLEMS WE ARE FACING 

  • The implementation of robot services can displace the workers and form a gap to the income. It leads to unemployment as well.

  • The incomes have skyrocketed for the high-skilled workers and demand for workers with low-skills have declined. This barrier between skills can cause stagnations in income.

  • Now, we are in an economy where “winner-takes-all”, which grants only limited access to middle-class or lower-classes to flourish in the world. The digitalisation of companies in future can provoke a higher level of inequality and disrupt the labor markets.

  • Our Privacy is challenged by technology. The continuous tracking and sharing of the user information has become a fundamental issue. 


BEST SOLUTIONS AND APPROACH

We can shape our future in which our primary emphasis is on empowering people with knowledge and skills. We must create a future with consideration given to the social-economic concerns, cultural respect and ethical values. The Fourth Industrial Revolution can be an incredible opportunity for people to find the right solutions for the global issues. The utilisation of 3D printing and biotechnology can be of immense significance in saving lives. 


When our government simultaneously works with the tech-companies, it can transform our lives. The alteration in public-policies, rational decisions and collaboration with businesses can develop a new environment which can resolve the local issues. The introduction of Govtech can be conducive and helpful in providing essential resources to people.  Although there are ethical concerns, the companies and governments must be transparent to the public about all their information and reinvent the future together.


THE FUTURE IS IN OUR HANDS!


“IN THE END, DESIGN IS ALL ABOUT EMPATHY. THIS IS WHAT LEADS TO CREATIVITY, INSPIRATION AND BREAKTHROUGH SOLUTIONS TO PROBLEMS.” quoted by LEON SEGAL

BY 

S M ASWIN


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