Fourth Industrial Revolution

Fourth industrial rotation has started talking since 1999 (Abdullah et. al., 2017). It refers to a further developmental stage in the government and management of the full value chain process involved in manufacturing industry (AATC Finance, 2015). The Minister of Communications and Multimedia, Datuk Seri Dr. Salleh Said Keruak, had said that Malaysian federation must be prep atomic number 18d to face the fourth industrial change and all its challenges to continue develop this country (The Malay Mail Online, 2017 declination 15).Datuk Seri Dr. Salleh Said Keruak had menti one and only(a)d that Industry 4.0 would bring important changes to the traditional media industry when bulk no longer fateed the newspaper and started use the flip address and computer to read news (The Malay Mail Online, 2017 December 15).As reported by Researchgate (2015), Malaysians are the welcoming lot in include new technologies, such that become one of the active users of application aforesaid(pr enominal) Whatsapp, Twitter, Facebook, and Instagram. According to Schwab (2016), the fourth industrial renewing has the potential to raise spheric income levels and improve the quality of life for populations around the world.The fourth industrial revolution made change in technologies breakthroughs in connectivity, artificial in rangeigence, machine learning, lucre of things, and separate innovative technologies (unicefstories, 2017). As the usage of smart devices, laptops, tablets, and personal computers has expanded, so demand for profit go extinct be increase. According to Ashton (2009), the term net profit of Things (IoT) had created in 1999 by Kevin Ashton, who is the British entrepreneur and innovator.The IoT refers to things committed to the mesh that one can gravel through pervasive technologies (Atzori, Iera, Morabito & Nitti, 2012). The IoT enables user to achieve their intentions with the brattle of a button, giving them complete control of devices and apparat us that lead change their lives (Abdullah et.al, 2017).The IoT includes all of the devices including some quite intelligent and others quite simplistic, that are right off connected to the net profit and therefore an overarching infrastructure. According to a recent esteem by McKinsey, the potential economic opposition of IoT applications in 2025 is between US$ 3.9 and $11.1 trillion, of which $1.2 to $3.7 trillion is allotted to IoT applications within the grinder environment (Zuhlke & Gorecky, 2017 Jan 04).According to unicefstories (2017), applications of the internet of things consist of smart home, wearables, smart cities and connected car. The smart home is potential the approximately popular IoT application because it is the one that is most affordable and pronto available to consumers. The wearable is also popular among the users. For example, Apple Watch which is no longer conscionable for telling time, but also enabling text edition messaging, phone calls, and mo re.The smart cities refer to the internet of things that has the potential to read entire cities by solving real problems citizens face each day. With the proper connections and data, the internet of things can solve traffic congestion issues and slue noise, crime, and pollution. Lastly is connected car.It considers when vehicles are fitped with internet access and can share that access with others, just like connecting to a wireless network in a home or office. For example is like Grab car go that allow customers books car through Grabs application. In the perspectives of compassionate resource economics, human resource is an important factor for economic development.For example in japan and Singapore, both countries were mobilizing their human resources by increase the managerial capacity and entrepreneurship and leads to innovation. lacquer also implements consensus system known as ringi system. Ringi system is one of the most important human resource management practices i n Japan where decisions are made up with regard to the long term impacts rather than just the immediate short-term impacts.The transformation of the fourth industrial revolution gave impact to human resource economics, thus, changing the economic development in Malaysia. In the future, human labors are no longer use because all the proceeds lines in manufacturing facility will be taken over whole by robots.In the long run, using robots in the production will be sustainable because can minimize errors and save costs. This is called smart factory which are highly effective and efficient in technology. For example is smart watch that is able to give four functions such as tell time, text message, make telephone calls and provide health data (Meola, 2016).The internet of things also intensifies the potential to solve problems which are related to traffic, help reduce noise, crimes and pollution (Abdullah et. al, 2017). Fourth industrial revolution technology helps changing the trend we live and work from traditional to modern life. In addition, the future lease of human resources in future is important especially in manufacturing sector. nevertheless it helps a lot the business sector where supplier can transform their business models from selling a product to providing a managed service. On the other hand, the products become assets that can connect to the internet straight away remotely monitored by the system (Frangos, 2017 Jun 24).In the future, this can help companies to better view how assets are used, minimized an impact, and better understanding of risk and financial picture show (Frangos, 2017 Jun 24). According to unicefstories (2017), Erica Kochi, the Futures Lead, Office of Innovation, UNICEF had stated that the young people will face these two major challenges (i) industrialization will die out soon since it belongs to the previous generation, thus, killing the jobs that require skill and (ii) the effort to equip youth with the proper skills wil l be hampered by the absence or lack of suitable education system.From my opinion, to be a responsible people, we need to prepare young people to be able participate in fourth industrial revolution. Governments, corporations and civil society all must take to the woods a role and it requires a dramatically different approach. At the same time, our traditional notions of classrooms and curriculums will need rethinking.