The Fourth Industrial Revolution: what it means, how to respond

Written by Klaus Schwab, Founder and Executive Chairman, World Economic Forum

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society.

The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

There are three reasons why today’s transformations represent not merely a prolongation of the Third Industrial Revolution but rather the arrival of a Fourth and distinct one: velocity, scope, and systems impact. The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.

The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge, are unlimited. And these possibilities will be multiplied by emerging technology breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing.

Read more » World Economic Forum
See more » https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond

2 generals among 11 Pak-Army officers terminated over corruption

RAWALPINDI:  In one of rarest incident in the history of Pakistan, Chief of Army Staff General Raheel Sharif has terminated the service of 11 high ranking officers over corruption charges.

The most prominent among the terminated officers is former Inspector General Frontier Constabulary Lt Gen Ubaidaullah Khattak.

Others include Major General Ijaz Shahid, five brigadiers, three colonels and one major.

The sacked officers are asked to deposit the embezzled money. All perks and privileges are withdrawn.

The development comes a day after the army chief said “across the board accountability is necessary for the solidarity, integrity and prosperity of Pakistan”.

On Tuesday, the army chief had said that the war against terror cannot be won unless “the menace of corruption is uprooted.”

News courtesy: Online Indus
Read more » http://www.onlineindus.com/2-generals-among-11-pak-army-officers-terminated-over-corruption/

12 high ranking Army officers sacked over corruption charges

RAWALPINDI: At least 12 high ranking senior Pakistan Army officers have been dismissed from their services after internal inquiry found them involved in corruption.

The officers included Lieutenant General Obaidullah Khattak, Major General Ejaz. Others include five Brigadiers, one Colonel, three Lt-Colonels and a Major.

According to sources in the military, the internal inquiry was being conducted within the Army for more than one year.

The officers served in the Frontier Corps (FC) in Balochistan.

Also Read: General Raheel calls for across the board accountability

Other names in the list of sacked officers include Brigadier Haider, Brigadier Asad, Brigadier Amir, Colonel Haider, and Major Najeeb.

According to sources in the military, the internal inquiry was being conducted within the Army for more than one year.

Sources, the senior officers have been stripped of their ranks, and perks and privileges they were entitled to. The officers will only continue receive their pensions and medical facilities.

There has been no official announcement as yet from the military in this regard.

News courtesy: The News
See more » http://www.thenews.com.pk/latest/114324-11-high-rank-Army-officers-sacked-over-corruption-charges
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Read more » BBC urdu
Learn more »  http://www.bbc.com/urdu/pakistan/2016/04/160421_army_corruption_dismissed_sh