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In January this year the major agenda at the World Economic Forum in Davos was a discussion on the Fourth Industrial Revolution (FIR). It is already underway in some advanced economies, and there are fears that it will be very disruptive and create huge unemployment. The Davos meeting was meant to discuss and allay these fears. However, I feel that the Fourth Industrial Revolution for developing countries can in fact produce more employment and benefits. Here is how.
Gartner, the IT consulting major, said at a recent conference that a digital disruption to business is occurring approximately every three years. Current discussions at the World Economic Forum on the 4th Industrial Revolution also speak on similar lines. However, this article is not about digitisation, per se. Rather, it is on how I believe these factors may change the way we look at, and measure, our businesses, whether as an owner or as an employee.