The first thing to do in any good poker game is to find the ‘mark’. If you don’t know who the mark is, then it’s probably you.
Figuring out what the ‘revolution’ is in the Fourth Industrial Revolution (4IR) is a bit like that. Is it artificial intelligence, blockchain, digital currency, Internet of Things, robotics, or what exactly?
In fact, the 4IR has an accumulative effect. Any one of those technologies can be viewed as evolutionary, if viewed and used on a stand-alone basis; when used together, their impact will be revolutionary.
Don’t be fooled either by the notion that this growing trend is a long way off. Instead, try this analogy: by the time you hear the thunder, it’s too late to stop the lightning.
The golden rule of the Information Age, with the explosive use of the personal computing and the Internet, is Moore’s Law. It states the speed of processing power will double every two years.
Innovations that power 4IR will make Moore’s Law look like a walk in the park. The quantum acceleration of analytics combined with the ubiquity of connectivity will structurally change the concept and utility of data – ergo, the ensuing ‘Digital Age’ of 4IR.
When every physical object and individual action can be digitised, monitored, stored and analysed, then is it an evolution or revolution?
The bigger, and more critical, question: when the outcome allows you to not just interpret but also replicate and predict objects and actions, then please tell me what is it?
This is 4IR. It’s neither a marketing gimmick nor highfalutin jargon. It is a catch-all term for this change in the human experience.
The awesome power of 4IR technology has the potential to control or liberate, depending on whether technology is placed at the center of society or society at the center of technology.
By advocating for the latter, we have added another catchy term to our lingo: Malaysia 5.0. Inspired by Japan’s Society 5.0, it is the goal having implement 4IR tech evenly across society so that the benefits accrue to all and not just the chosen few.
That sure sounds to me like the stuff revolutions are made of.
By Datuk Wira Dr. Hj. Rais Hussin, Chairman, MDEC
BusinessToday strongly believes in the forward momentum that is building towards the country’s aspiration in being digitalised. Both public and private collaboration is essential in realising this vision, as Datuk Rais aptly puts whether technology is placed in the middle of society or society in the centre of technology, 4IR is inclusive and overarching.
Are Malaysians ready for Malaysia 5.0, its not a matter of being ready but more so can we afford to not be?