How to lead in the Fourth Industrial Revolution | Mohammed Khaiata | TEDxYouth@Perth

Summary

This script discusses the impact of industrial revolutions on jobs, illustrating how each revolution has rendered certain roles obsolete while creating new opportunities. It highlights the fourth industrial revolution's convergence of the physical and digital worlds through AI, robotics, and autonomous vehicles. The speaker emphasizes the importance of developing talents in one's passion, improving communication and emotional intelligence, and becoming 'hyper learners' to adapt to the rapid pace of change and remain relevant in the job market.

Takeaways

• 🔄 With each industrial revolution, jobs become obsolete while new opportunities emerge.
• 🚂 The first industrial revolution made jobs like coachmen redundant with the advent of steam engines.
• 🧵 The second industrial revolution led to the decline of weavers' jobs due to mass production and electricity.
• ⌨️ The third industrial revolution saw the end of typist championships with the rise of personal computing and automation.
• 🤖 The fourth industrial revolution is characterized by AI, drones, robots, 3D printing, and autonomous vehicles merging the physical and digital worlds.
• 🚚 Autonomous vehicles are already a reality, as seen in the mines of Western Australia.
• 🤖 AI and robots, like the bots used in customer service, are becoming more prevalent in the workforce.
• 💼 Organizations will face unprecedented challenges and will value talent over financial resources in the future.
• 🌟 Passion is crucial for developing talents, as it drives individuals to excel in their chosen fields.
• 🤝 The future workplace will emphasize teamwork, communication, and emotional intelligence, especially in cross-cultural settings.
• 🌐 Working with digital entities like robots and AI will require new skills and the ability to be effective digital communicators.
• 📚 Becoming 'hyper learners' who continuously learn and unlearn is essential to stay relevant and competitive in the job market.

Q & A

What were the jobs of coachmen, and how did the first industrial revolution affect them?

Coachmen were individuals who drove horse-driven carriages. The first industrial revolution, which introduced steam engines, made these jobs obsolete as new modes of transportation emerged.

How did the second industrial revolution impact the job of weavers?

The second industrial revolution, characterized by electricity and mass production, rendered the jobs of weavers less in demand as mechanized looms and factories took over the production of textiles.

What happened to typists with the advent of the third industrial revolution?

With the third industrial revolution, which brought personal computing and automation, the need for typists who used typewriters decreased significantly as digital technology advanced.

What is the fourth industrial revolution, and how is it reshaping the economy and society?

The fourth industrial revolution is characterized by the merging of the physical world with the digital world through technologies like artificial intelligence, drones, robots, 3D printing, and autonomous vehicles. It is reshaping the economy and society by creating new opportunities and transforming traditional jobs.

Why are designers for human genes and cosmetic specialists for robots mentioned as needed in the fourth industrial revolution?

Designers for human genes are needed to eliminate certain illnesses, and cosmetic specialists for robots are required as these fields are expected to grow with advancements in biotechnology and robotics during the fourth industrial revolution.

How does the speaker describe the pace of change brought by the fourth industrial revolution?

The speaker describes the pace of change as unprecedented and complex, with organizations facing problems they have never faced before, requiring a new set of skills and talents to adapt.

What is the most scarce resource in the future according to the script?

The most scarce and precious resource in the future, as per the script, will be talented individuals, as organizations will be looking for them to address new challenges and opportunities.

Why is it important to develop talents in a field one is passionate about?

Developing talents in a field one is passionate about is crucial because it drives motivation and long-term success. It also ensures that individuals can contribute effectively and creatively in their chosen areas of expertise.

How will the structure of organizations change in the fourth industrial revolution?

Organizations will move away from rigid departmental silos towards more fluid team structures that can quickly form, address new problems, deliver projects or inventions, and then disband to join other teams.

What skills are essential for individuals to develop to work effectively in teams across different cultures?

To work effectively in teams across different cultures, individuals need to develop strong communication skills, emotional intelligence, and cultural intelligence to collaborate and deliver results in a global and diverse work environment.

What does the term 'hyper learners' refer to, and why is it important in the context of the fourth industrial revolution?

The term 'hyper learners' refers to individuals who can learn quickly, unlearn outdated knowledge, and relearn new information continuously. This is important in the context of the fourth industrial revolution because the rapid pace of change makes it crucial to stay updated and relevant in the job market.