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Davos 2016: Will the Fourth Industrial Revolution Unleash a Global Jobs Crisis?

Posted by Paul Tate on Feb 2, 2016

World-Economic-Forum.jpgAs many of the world’s leading politicians, industrialists, and academics gathered on the snowy slopes of Davos, Switzerland for the 2016 World Economic Forum (WEF) late last month, a new report warned that the world may face a net loss of over 5 million jobs across multiple industries over the next few years as a result of new technologies and disruptive approaches to manufacturing.

What’s more, the only way manufacturers will be able to secure the new skills they’ll need in this brave new world, is to start to take action now.

The overall theme of the 2016 Davos event, Mastering the Fourth Industrial Revolution, focused on the potential impact of the increasing convergence of multiple sectors of technology and industry – from smart factories, intelligent robotics and 3D printing, to autonomous vehicles, cloud networking and biotechnology. It's scope covered multiple aspects of life, from industry and education, to demographic change, to urban expansion in emerging economies and new Smart Cities.

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