The Industrial Revolution brought huge changes to the economy through the mass production of manufactured goods.
The second industrial revolution came about on the back of new innovations in steel production, petroleum and electricity …which led to the introduction of public transportation and airplanes.
A third round of changes was driven by internet technology and renewable energy, creating a new industry for ICT and the energy sector.
And now, with the introduction of Google's super computer AlphaGo, the spotlight is on the 4th Industrial Revolution.
The Internet of Things, Big Data and other forms of digital expansion are already changing the world.
"The revolution will be based on who has the most access to data and can make sense of it."
In order to prepare for the 4th Industrial Revolution, economies must devise measures to mitigate job loss and the concentration of wealth.
Park Se-young, Arirang News.