“We stand on the brink of a revolution”, writes Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. A revolution so profound, it will “fundamentally alter the way we live, work and relate to one another. In its scale, scope and complexity this transformation will be unlike anything humankind has ever experienced before.” It may seem like Schwab is overreaching at first, but Adam Lusby, lecturer and Circular Economy Research Fellow at the University of Exeter Business School, says that the Fourth Industrial Revolution is indeed characterised by how new technologies are fusing digital, physical and even biological worlds. “This disruption impacts all disciplines, economies and industries. It will challenge what it even means to be human,” he says.
In the intense, four-day module appropriately titled “Leading in the 4th Industrial Revolution,” Adam, the module’s creator and lead, covers everything from Artificial Intelligence, robotics, digital manufacturing, blockchain, cloud computing, mixed reality, augmented reality and much more. The standard model of a module was also flipped. Instead students have the preceding weeks to first immerse themselves into online content, watch videos, complete assignments and even produce videos of their own. Only at the end of a five week lead in, the cohort gathers for a four-day “living lab” of hacking and immersion in technology including Raspberry Pis, NodeRed, and BlueMix from IBM.
Accenture’s latest research shows that the new relationship between human and machine and its impact could boost productivity by as much as 40 per-cent, profoundly changing the very notion of how work is actually performed. In the United Kingdom alone Artificial Intelligence could add an additional $814 billion to the economy by 2035. The growth of 3D printing is also set to skyrocket. Gartner projects that 3D printing will grow from $1.6B in 2015 to some $13.4B by 2018. Some 67% of manufacturing is already using 3D printing, according to PwC, and it will only get faster, and cheaper.