Industrial Revolution 4.0

The technologies and tools that surround us, do you think it is consciously used to enhance our lives? Or is it more than that? Powerful objects and enablers that influence our perception also amend our behavior and have an effect on entire human race. Technologies are rising and changing our lives in ways which indicate that we are on the verge of beginning of Fourth Industrial Revolution, an era that will build and extend the impact of Digitization in new and unexpected ways. That’s why it is important to take some time and think what changes are we going through and how together we can make it beneficial for everyone around. The Fourth Industrial Revolution may look and feel like a tremendous force with the potential of changing the world, but in reality, it is a reflection of our desires and choices. At the center of discussions around growing technologies, the important question is; what will we want these technologies to deliver? The thought of the Fourth Industrial Revolution affirms that technological modification could be a driver of transformation relevant to all industries and elements of society. Moreover, it highlights the thought that, at definite stages in history, sets of technologies emerge and mix in ways which have impacts on the far side progressive will increase in potency. The UAE Strategy for the Fourth Industrial Revolution focuses on variety of key fields; a number of them are measure innovative education, computing, intelligent genomic drugs and robotic health care.

• Innovative education can offer a wise and increased learning expertise to develop advanced technologies like science, applied science and computing
• The adoption of intelligent and private genomic drugs can result in individualized medical technologies, improved health care levels and boost the UAE’s position as a global hub for health care
• The adoption of robotic health care and analysis in applied science can facilitate the appliance of tele medicine and introduce latest medical solutions like wearable and implantable technologies

The 4th Industrial Revolution aims to:

• Achieve future security of water and food provide by exploitation engineering sciences and advanced renewable energy technologies
• Enhance economic security by adopting digital economy and block chain technologies in money transactions and repair
• Optimize the utilization of satellite knowledge in designing future cities
• Develop advanced defense industries by developing national industries within the field of artificial intelligence and autonomous vehicle technologies

We need to proactively participate in shaping the technological revolution and it’s disruption. This needs international co-operation and a shared read of how technology is changing our economic, social, cultural and individual lives. Companies ought to invest in their technical infrastructure and information analyzing capabilities. All businesses should be creating a move to be sensible, connected organizations or they'll shortly lack behind in the competition. We need to generate leaders with the capabilities to manage organizations through these changes. As professionals, we'd like to embrace modification and understand that what our jobs square measure these days could be dramatically totally different within the not too distant future. Our education and coaching systems have to be compelled to adapt to higher prepare folks for the flexibility and demanding thinking skills they'll want within the future work. This blog post written by Ms. Suchita, Tax Advisor at Flyingcolour Business Setup, Accounting & Tax Services in Dubai and UAE. If you have any query about business setup or tax system in UAE then please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.