Department of Management Science

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    4th Industrial Revolution and Sustainability Policy Reforms for Pakistan
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2020) Umar Tariq; FA17-BBA-112; LHR TP 6693
    In previous centuries, technical advancements have been extraordinary. The rapid and significant advances in technology provide the potential to enhance human living, but there are also questions about the future. One of the big worries about new technology is that robots and artificial intelligence will replace the human element in the work that leads to "technological unemployment." it's not the first time that people are facing a threat to their jobs from technological innovation. Similar fears had arisen in the nineteenth and twentieth century’s, when another significant wave of technological transition occurred, but they were not proven correct; technological developments of these centuries eventually led to the creation of new employment that had fully compensated for the consequences of the implementation of new job-saving technologies. In the 4th industrial revolution which began in Europe and the United States, the fear that automation and digitalization will lead to "Ending of Jobs" is reawakening. The feasibility of human element substituting "creative accident." computers and robots has been the topic of a number of reports with considerable debate.