The Economic Changes of the Fourth Industrial Revolution

The Fourth Industrial Revolution is bringing about economic change.The core technologies of this revolution are accelerating automation and intelligence, and jobs related to the fourth industrial revolution, such as artificial intelligence and big data, are increasing.These changes lead to the creation of new industries and jobs due to technology convergence such as edutech in the education sector and fintech in the financial sector, but social problems such as job losses and job insecurity are also occurring due to automation and industrial restructuring.

The Fourth Industrial Revolution is also becoming a smart factory that increases productivity, and all fields such as administration and education are turning into intelligence.These changes can lead to abundant knowledge and information acquisition due to the accumulation and development of data, information, and knowledge, but there are concerns about a decrease in humanities knowledge that requires deep reflection, and memory and cognitive ability due to dependence on artificial intelligence.

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