As our Moon Conn－young reported yesterday，
the World Economic Forum′s Summit on the
Global Agenda is well underway in Abu Dhabi.
The key term this year： the fourth industrial
revolution.
What is it？
Our Kwon Jang－ho explains.
″Who feels that in the next 10 years，
we will have first 3D printed cars in circulation？
A majority. Who feels that in the next 10
years， you will not go anymore to a normal
pharmacy but go to a robotic pharmacist？″
That′s Klaus Schwab， founder and chairman
of the World Economic Forum addressing the
opening plenary of the forum′s eighth Summit
on the Global Agenda.
He′s referring to the new technology age
dubbed the fourth industrial revolution.
″The fourth industrial revolution is the
buzzword here at the Summit on the Global
Agenda this year. It′s a new wave of technologies
and innovations that will change all aspects
of our lives... but what is it exactly？″
″This is really not a material revolution.
It′s the first time that we are talking
about an industrial revolution that is more
about data than a physical entity where knowledge，
literally data is the new oil.″
The new technological innovation is unprecedented
in speed； it′s a combination of all previous
innovations； its growth rate is exponential...
which is why it is all the more important
to swiftly come up with changes.
″Maybe there will be a fundamental change
in economy. Instead of using GDP for example，
we might use a different index like happiness
index， sustainable index， and et cetera.″
The world′s brightest minds here say the
important task now is to ensure that the fast
pace of innovation is matched by agility...
in setting rules， norms and standards for
this evolving new world.
Agility because...
“In the future it will not be the big fish
that eat the small fish； it will be the
fast fish that eat the slow fish.″
Kwon Jang－ho， Arirang news， Abu Dhabi.
