AI News, AI, robotics, automation: The fourth industrial revolution is here artificial intelligence

How Blockchain is Driving the Fourth Industrial Revolution

The first industrial revolution began in the 18th century with water and steam power, the second with electricity, and the beginning of the third with the internet, both happened in the 20th century.

Technology like Blue Tooth mean right now we are connecting phones, computers, music systems, and home technology like alarms and light bulbs.

All types of machinery and even animals wearing electronic sensors will deliver real-time information to computers and their operators, helping to make better decisions — and even have technology make some decisions for us.

In the domain of artificial intelligence (AI) and machine learning, computers, software, devices, and robots are being taught by humans to think for themselves.

Programming and algorithms loaded with data from numerous real-world experiences teach computers how to respond to certain scenarios and make their own choices and actions.

The goal is that AI enabled software, computers and robots will collate incoming information and make decisions on things like emotion and intuition, originally only the domain of humans.

The ability to automate business practices or create new business models and ecosystems, definitive decision making and redefining the customer experience are just some of the potential uses of AI.

The latter, from an Ottawa-based startup which raised $24 million CAD in 2018, can analyze masses of data to quickly highlight cybersecurity risks and dismiss false alarms.

AI will also change data analytics by making it possible for machines to learn from past analytical tasks and enormous amounts of data pulled from the previous queries.

While AI and IoT are disruptive technologies in their own right, it is the mediating role that blockchain can play that really make them constitutive of a “revolution.” Blockchain represents a new way of storing and sharing data, as well as doing transactions that is more secure and immutable than the current internet.

Blockchain technology has garnered a lot of attention and has moved from mostly hype into early technological developments, proofs-of-concept and pilot projects during the last 12 months.

If it senses your home is becoming too cold because of a sudden change in weather, it will communicate with an AI-powered heating-system, which would know you are on vacation and understand that there is a temperature dive that could kill your houseplants or freeze your water pipes.

The fourth industrial revolution is here: AI, Robotics, Automation

The hotel giant announced last summer that it’s developing facial recognition systems that will allow guests to check in at a kiosk in less than a minute via a quick scan of their facial features.

“In industries where demand for a product or service will grow in response to increased productivity, the rise of AI/robotics can turn out to be a boon for the job market, stimulating consumer demand and expanding market size,”

global scorecard In a 2017 analysis that covers 46 countries comprising almost 90 percent of global GDP, the McKinsey Global Institute found that China faces the largest number of workers needing to switch occupations—up to 100 million if automation is adopted rapidly, or 12 percent of the 2030 workforce.

For advanced economies, the share of the workforce that may need to learn new skills and work in new occupations is much higher, up to 33 percent of the 2030 workforce in the U.S. and Germany and nearly 50 percent in Japan.

More than half of the occupations requiring less than a high school diploma are susceptible to being replaced through technical automation, whereas only 22 percent of jobs that require a college degree are susceptible.

The career fields most likely to increase in demand in the period of the 2022 are those based on and enhanced by technology, including: Also expected to increase are jobs related to understanding and leveraging emerging technologies, such as: Dai says the changing landscape of the global economy will produce opportunities for those who know where to look.

IEEE is Fueling the Fourth Industrial Revolution

Described as a range of new technologies that are fusing the physical, digital and biological worlds, this revolution is certain to alter the way the human race lives, works, and relates to one another.

Over 7 million jobs will be affected over the next five years in the world’s largest economies, as technological progress in 3D printing and robotics starts to disrupt manufacturing and other industries.

A recent evaluation of the top ranked engineering and technology universities worldwide found that all top 100 schools subscribe to IEEE content and depend on IEEE information to educate future innovators (Times Higher Education).

As the world’s largest technical organization, IEEE publishes more than 30 percent of the world’s current literature on electrical engineering, electronics and computer science through its online research platform, the IEEE Xplore digital library.

By 2025, the World Economic Forum estimates 26-30 billion devices in the home and workplace will be connected to the Internet, and equipped with sensors, processors and embedded software.

Research from IEEE encompasses a variety of new IoT developments, including more energy efficient smart homes, an emergency response system for smart cities, and wearable devices that aid in hospital patient care.

Recent developments include service robots to help people with vision problems, low-cost robots to assist with grocery shopping, and autonomous robots that can inspect the structural health of nuclear plants and underground mines.

Also known as “cobots”, these robots can make work safer and more efficient by taking on the jobs that can be dangerous or difficult for humans to perform.

According to a report from Securing America’s Future Energy, self-driving cars could save $500 billion each year in the U.S. by reducing the 94% of accidents caused by human error.

Some notable IEEE research on autonomous vehicles include the development of an autonomous public transportation system, a monitoring system for improved smart car cybersecurity, and a low-cost intelligent transportation system to reduce traffic congestion and improve driver safety.

Companies across different industries are already employing AI for a variety of tasks—computers and machines are overseeing financial portfolios, forecasting the weather, and even planting crops.

In the near future, the capabilities of everyday technology will allow people to operate self-driving cars, manage all aspects of their home from their phone, and get assistance from a robot for daily tasks.

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