Fourth industrial revolution: Significance of hi-tech robotic era highlighted

FAISALABAD: A comprehensive and long-term strategy is imperative to harvest the benefits of the fourth Industrial Revolution and to survive in the hi-tech robotic and artificial intelligence era, said Hafiz Wasif, Technical Director of “Keyup Technologies”, U.K.

He was addressing a seminar on “Sustainable Automated Strategies to Implement Industry 4.0” in collaboration with the Research & Development Department of the Faisalabad Chamber of Commerce & Industry (FCCI). He explained in detail the different phases of the Industrial revolution and said that the world is knocking at the door of the fourth Industrial Revolution as old technologies have become inefficient in addition to losing their efficacy.

He said that at the global level robotic and artificial intelligence will soon dominate the Industrial sector but would foment unemployment which is a major cause of concern particularly for the 3rd world countries like Pakistan.

He further said that our Industrial sector is still using phased-out machinery which is lacking precision, quality and cost effectiveness. He said that most of the workers employed in this sector are still unskilled or have got negligible on-job training without any theoretical knowledge. He further said that the efficiency of our engineers and highly skilled workers is also very pathetic. He said that his company will provide cost-effective solutions to these problems and the industrial sector must take initial measures towards the 4.0 Industrial Revolution.

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