IN MY OPINION: Business schools must lead the way in adapting to fourth industrial revolution
Fighting a new revolution
The world is in the middle of a revolution disrupting every industry in every country. The fourth industrial revolution (FIR) it is different to the previous three in terms of speed, scope and impact. It is a digital revolution, characterised by a fusion of technology impacting every aspect of how we work and live. The FIR will be unlike anything humankind has experienced before. The response must involve all stakeholders: the public and private sectors, academia and civil society. Automation, digital platforms and other innovations are changing the fundamental nature of work. The disruptive changes emanating from the FIR will have a profound impact on employment, business models and even business education. The speed of current breakthroughs has no historical precedent. The breadth and depth of the FIR’s changes will transform entire systems of production, management and governance. We cannot foresee yet which scenario is likely to emerge. In the future, however, talent, more than ...
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