Bahrain and the Fourth Industrial Revolution

The launch of the Bahrain FinTech Bay in 2018 was a significant step for Bahrain toward becoming a technology and innovation hub. It continues to develop its infrastructure to enable the developments using Fourth Industrial Revolutionrelevant technology while updating the corporate governance framework in an attempt to curtail investor uncertainty and exposure in the region. Bahrain differentiates itself from its larger neighbors by highlighting its well-trained population and low cost of living and running a business. This report shows that these factors, combined with an innovative regulatory environment, attract a more diversified pool of foreign investors, especially venture capital and other alternative financial investors in sectors such as information and technology or tourism. However, the recent emphasis on startups and technology brings challenges that could threaten the resilience of the new Bahraini economic model. First, most of the firms created have fewer than 10 employees, while Bahrain needs more medium sized companies to reach its economic goals. Second, the size of Bahrain’s labor market will not be able to accommodate the increasing demand for highly skilled workers. Third, the transition to a digitalized economy and its new requirements can be costly for existing firms, especially the smaller ones, which are the majority. Moving forward, these challenges could be alleviated by: - Helping micro firms grow. - Removing the remaining obstacles in hiring foreign workers in sectors where the qualified local labor supply is weak. - Ensuring that wages in the private sector are competitive. - Educating smaller firms on existing services that can help them transition to the digitalization of the economy. Finally, Bahrain’s ambition to become a technology, innovation, and talent hub could play a significant role in the region if the Gulf Cooperation Council (GCC) countries were to strengthen their economic coordination

Bahrain and the Fourth Industrial Revolution

The launch of the Bahrain FinTech Bay in 2018 was a significant step for Bahrain toward becoming a technology and innovation hub. It continues to develop its infrastructure to enable the developments using Fourth Industrial Revolutionrelevant technology while updating the corporate governance framework in an attempt to curtail investor uncertainty and exposure in the region. Bahrain differentiates itself from its larger neighbors by highlighting its well-trained population and low cost of living and running a business. This report shows that these factors, combined with an innovative regulatory environment, attract a more diversified pool of foreign investors, especially venture capital and other alternative financial investors in sectors such as information and technology or tourism. However, the recent emphasis on startups and technology brings challenges that could threaten the resilience of the new Bahraini economic model. First, most of the firms created have fewer than 10 employees, while Bahrain needs more medium sized companies to reach its economic goals. Second, the size of Bahrain’s labor market will not be able to accommodate the increasing demand for highly skilled workers. Third, the transition to a digitalized economy and its new requirements can be costly for existing firms, especially the smaller ones, which are the majority. Moving forward, these challenges could be alleviated by: - Helping micro firms grow. - Removing the remaining obstacles in hiring foreign workers in sectors where the qualified local labor supply is weak. - Ensuring that wages in the private sector are competitive. - Educating smaller firms on existing services that can help them transition to the digitalization of the economy. Finally, Bahrain’s ambition to become a technology, innovation, and talent hub could play a significant role in the region if the Gulf Cooperation Council (GCC) countries were to strengthen their economic coordination

Evidences of World`s Technical Revolution 4.0

Over last three centuries industry as it is now has dramatically changed and developed from global urbanization and steam machines to invention of PC with variety of digital devices and spreading of the Internet. The Fourth Industrial Revolution marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, nanotechnology, biotechnology, the Internet of Things (IoT), 3D printing and autonomous vehicles. The Fourth Industrial Revolution was declared in Davos on “World Economic Forum” in 2016. This statement was built on the Digital Revolution, representing new ways in which technology becomes embedded within societies and even the human body

Fostering the Fourth Industrial Revolution Technologies for Youth and Women Empowerment

The fourth industrial revolution presents society with significant opportunities to incorporate emerging creative and technology innovations and strategies for youth and women empowerment. This paper uses content analysis in 1) identifying the fourth industrial revolution technologies available for youth and women's empowerment 2) exploring the capacity of 4IR technologies for empowering youth and women 3) investigating the difficulties faced by young and women in using these (4IR) technologies 4) exploring approaches that may encourage the use of these (4IR) innovations by young people and women. An analysis of the literature was carried out and included reports, scholarly journal articles, and conference proceedings. The keywords used were the Fourth Industrial Revolution, Youth, and women. The study concludes that the fourth industrial revolution promotes social change, improves service accessibility, improving global income levels, promoting the standard of living for youth and women, and enhancing the equitable digital economy Keywords: Fourth Industrial Revolution; Technologies; Youth and Women Empowerment DOI: 10.7176/JIEA/11-1-05 Publication date: February 28th 2021

The Impact of the Covid 19 Pandemic on the Development of the Fourth Industrial Revolution in Southern Africa

The fourth industrial revolution (4IR) is gradually gaining momentum in a wide range, and as it gathers pace, innovations are becoming faster, more efficient, and widely accessible than before. However, due to the outbreak of Covid 19, the world had seen a shift in the traditional ways in all aspects of human activities, especially in the socio-economic sector. This paper explores the effect of Covid19 on the development of the fourth industrial revolution in the Southern African region and will review the literature on pandemic and its effect on industrial revolutions. It will also review the literature on the fourth industrial revolution, the spread of the Covid 19 pandemic, and its effect on the development of the fourth industrial revolution in Southern Africa

Engaging the fourth industrial revolution

The reality of a radically changing world is beyond dispute. The notion of the Fourth Industrial Revolution is a heuristic key for the world of emerging technologies such as artificial intelligence, nanotechnology, quantum computing, big data, the internet of things, and biotechnology. The discussion of emerging technologies and the Fourth Industrial Revolution highlights urgent questions about issues like intention, function, risk, and responsibility. This publication stimulates further reflection, ongoing conversation, and eventually the production of more textured thinking. The conversation with technology and with thinkers on technology, holds the promise of a certain fecundity, the possibility to see deeper into human evolution, but also, may be, into the future of humankind

The Fourth Industrial Revolution, Aging Workers, Older Learners, and Lifelong Learning

This session aims to review literature related to the technological development of the Fourth Industrial Revolution, aging, and adult education and discuss how adult education can help adult learners and older workers to create opportunities for technological developments in the Fourth Industrial Revolution

Design and the fourth industrial revolution

The nature of design has always been related to socio-technological forces. In the twentieth century, the first and second orders of design were central in the establishment of graphic and industrial design. In the early years of the twenty-first century, the third and fourth orders of design were related to interactions and environments. This description can be associated with different phases of the Industrial Revolution: the first two phases allowed the transition from a farming and feudal society to an industrial and capitalist one, a third one was related to a post-industrial or services society. The Fourth Industrial Revolution presents the Internet, 3D printers and genetic algorithms as the main technical achievements and green energies as the energy source. It is related to computers, software, artificial intelligence, the Internet of Things and machine learning. These technological forces will create the space for the most important design jobs of the future

Engaging the fourth industrial revolution

The reality of a radically changing world is beyond dispute. The notion of the Fourth Industrial Revolution is a heuristic key for the world of emerging technologies such as artificial intelligence, nanotechnology, quantum computing, big data, the internet of things, and biotechnology. The discussion of emerging technologies and the Fourth Industrial Revolution highlights urgent questions about issues like intention, function, risk, and responsibility. This publication stimulates further reflection, ongoing conversation, and eventually the production of more textured thinking. The conversation with technology and with thinkers on technology, holds the promise of a certain fecundity, the possibility to see deeper into human evolution, but also, may be, into the future of humankind