What does the fourth industrial revolution mean for fashion? In the 18th and 19th centuries, the first and second industrial revolutions fundamentally transformed clothing manufacturing. In the 20th century, the third industrial revolution, in the form of information technology, has revolutionised the way we communicate and consume fashion, forcing the industry to rethink its'broken' system for the digital age. But even as fashion grapples with the far-reaching implications of the Internet, a fourth industrial revolution -- powered by a constellation of new innovations across the physical, digital and biological worlds -- is already driving a new wave of profound change across the global economy. How will the fourth industrial revolution transform fashion?
Advancing Retail is the voice and body of the Fourth Industrial Revolution. Robotics, Augmented Reality, IoT and many other technologies are rapidly changing the way businesses operate and interact with consumers, and this podcast provides an in-depth exploration of these coming changes direct from the company leading the charge. Stop settling for yesterday's reality and join us in the revolution!
MOSCOW – Thousands of Communist party members and supporters have marched across downtown Moscow to mark the centennial of the 1917 Bolshevik Revolution even as the Russian government is ignoring the anniversary. Participants in Tuesday's march walked across the city's main Tverskaya Street downtown and rallied in front on the Bolshoi Theater. During Soviet times, Nov. 7 was commemorated as a major state holiday, with grand military parades and demonstrations on Red Square. Russia stopped celebrating it after the 1991 collapse of the Soviet Union, but the Communists continue to honor the date. The government's reluctance to recognize the still-polarizing event reflects deep divisions over the revolution in Russian society.
The Bank of England has weighed into a debate on the looming impact of AI on our lives, most pertinently the jobs market, by calling for a skills revolution to prevent sections of society from becoming'technologically unemployed'. The bank's chief economist, Andy Haldane, issued his call to action with a prediction that the coming Fourth Industrial Revolution will be of a'much greater scale' than the industrial revolution Britain underwent in the late 18th and early 19th centuries. Haldane fears that a failure to adapt to these changes in good time could augur a period of rising inequality, social tension and a'hollowing out' of employment, and argues for new training to be put into place now to prevent such an eventuality from coming to pass. Speaking to the BBC's Today programme, Haldane said: "This is the dark side of technological revolutions and that dark-side has always been there. "That hollowing out is going to be potentially on a much greater scale in the future, when we have machines both thinking and doing - replacing both the cognitive and the technical skills of humans."
But whether one is optimistic or pessimistic, or feels prepared or not, a revolution is inevitable. And indeed, the fourth industrial revolution appears to be upon us. With the advent of 5G mobile Internet, smaller and more powerful sensors, artificial intelligence and machine learning, this revolution will be as transformational, if not more so, as anything mankind has experienced before. It will change the way we live, work and relate to each other. Artificial intelligence, robotics, the Internet of Things, 3D printing, nanotechnology, biotechnology, renewable energy, and quantum computing: such advances are transforming the world faster than we realise.