THE FOURTH INDUSTRIAL REVOLUTION IR 4.0 WHAT IS IR 4.0 ? • THE FOURTH INDUSTRIAL REVOLUTION IS A WAY OF DESCRIBING THE BLURRING OF BOUNDARIES BETWEEN THE PHYSICAL, DIGITAL, AND BIOLOGICAL WORLDS. IT’S A FUSION OF ADVANCES IN ARTIFICIAL INTELLIGENCE (AI), ROBOTICS, THE INTERNET OF THINGS (IOT), 3D PRINTING, GENETIC ENGINEERING, QUANTUM COMPUTING, AND OTHER TECHNOLOGIES. IT’S THE COLLECTIVE FORCE BEHIND MANY PRODUCTS AND SERVICES THAT ARE FAST BECOMING INDISPENSABLE TO MODERN LIFE. THINK GPS SYSTEMS THAT SUGGEST THE FASTEST ROUTE TO A DESTINATION, VOICE-ACTIVATED VIRTUAL ASSISTANTS SUCH AS APPLE’S SIRI, PERSONALIZED NETFLIX RECOMMENDATIONS, AND FACEBOOK’S ABILITY TO RECOGNIZE YOUR FACE AND TAG YOU IN A FRIEND’S PHOTO. ADVANTAGES OF IR4.0 • COMPETITIVE ADVANTAGES: INDUSTRY 4.0 SMART SOLUTIONS AND SERVICES OFFER A WIDE RANGE OF COMPETITIVE ADVANTAGES FOR ORGANIZATIONS THAT ARE ABLE TO SUCCESSFULLY LAUNCH THESE NEW STRATEGIES AND TECHNOLOGIES. • BETTER PRODUCTS AND SERVICES: WHETHER IT BE PRODUCT QUALITY, SAFETY, OR CUSTOMER EXPERIENCES, INDUSTRY 4.0 WILL DRIVE GREATER VISIBILITY AND THROUGHPUT FOR OPERATIONS, ALLOWING THEM TO CONTINUE DRIVING VALUE FOR CUSTOMERS TO RETAIN BUSINESS. • IMPROVING LIVES OVERALL: WITH NEW TECHNOLOGIES, HIGHER PROFITABILITY, AND GROWTH IN ECONOMIES, PEOPLES' LIVES AS A WHOLE GENERALLY GET BETTER, WITH INCOME RISING, BETTER HEALTH SOLUTIONS, AND OVERALL A HIGHER QUALITY OF LIFE. DISADVANTAGES OF IR4.0 • HIGH COSTS: NOT ONLY IS TECHNOLOGY A MAJOR COST TO CONSIDER, BUT THE EXPERTISE IN ENABLING THE TECHNOLOGY TO BE IMPLEMENTED. HAVING THE KNOW-HOW IN NEWER FIELDS LIKE IOT, AUGMENTED REALITY, AND AI CAN LEAD TO MAJOR BUDGET CONSTRAINTS, NOT TO MENTION A LACK OF UNDERSTANDING AMONG ALL PARTIES INVOLVED. • HIGH RATE OF FAILURE: THE DIFFICULTY IN LAUNCHING INDUSTRY 4.0 INITIATIVES IS THAT THERE IS OFTEN A LACK OF DIRECTION WHEN IT COMES TO ESTABLISHING OBJECTIVES. THEY ARE OFTEN CROSS-FUNCTIONAL PROJECTS WITH MANY STAKEHOLDERS, WHICH CAN MEAN PROJECTS CAN BECOME MIRED IN CONFLICTING GOALS, AND MAY SIMPLY SPUTTER OUT. • NEED FOR HIGHLY SKILLED LABOR: MANUFACTURING, AND INDUSTRY AS A WHOLE, CONTINUES TO RELY ON HUMANS TO ENABLE PRODUCTION. HOWEVER, WITH THE MOVE TO DIGITALLY CONNECTED SYSTEMS, THERE IS A GREATER NEED FOR HIGHLY SKILLED LABOR, WHICH MAY UNINTENTIONALLY REDUCE THE NEED FOR LOW-SKILL LABOR. POSITIVES IMPACTS IR4.0 TO MALAYSIA • HUMAN LIFE BECOME EASIER - THIS IS BECAUSE TOO MANY MACHINE IS CREATED, SO THEY DON’T HAVE TO USE THEIR ENERGY TO SOLVE THEIR PROBLEMS E.G. DISHWASHER, ROBOT VACUUM. • EASY TO COMMUNICATE - NEGATIVES IMPACT IR4.0 TO MALAYSIA • MANY HUMAN LOST THEIR JOB - IT IS BECAUSE TOO MANY AI ROBOT IS CREATED, SO THIS MACHINES WILL TAKEOVER THEIR DUTY. PLUS, IN FUTURE, POPULATION OF HUMANITY WILL INCREASE SO IT WILL BE A DIFFICULTY ESPECIALLY TO THOSE POOR PEOPLE • LAZY - HUMAN TOO DEPENDS THEIR WORK TO MACHINES UNTIL THEY BECOME STUPID AND LAZY. IF THIS PROBLEMS HAPPEN TO EVERYONE, IT WILL GIVE A BAD IMPACT TO COUNTRY WHICH HAS THEIR PEOPLE LAZY.