The 18th and 19th centuries witnessed the first industrial revolution which centered on the transformation from mostly agrarian societies to greater industrialization following the invention of the steam engine.
The discovery of electricity ushered in the second industrial revolution which saw the expansion of industries and mass production as well as other technological advances.
The third industrial revolution, also known as the digital revolution, started during the middle of the 20th century following the development of computers and IT (information technology).
The third industrial revolution gave birth to the fourth industrial revolution characterized by the explosiveness of its advancement and the disruptiveness of existing technologies.
The fourth industrial revolution is one in which disruptive technologies and trends such as the Internet of Things (IoT), Robotics, virtual reality (VR) and artificial intelligence (AI) are changing the way we live and work.
Founder and Executive Chairman of the World Economic Forum and author of The Fourth Industrial Revolution, Klaus Schwab, says “the new age is differentiated by the speed of technological breakthroughs, the pervasiveness of scope and the tremendous impact of new systems.”
In a fast changing world where every country and organization are becoming tech inclined, keying into the technology revolution is vital for survival.
Consequently, WorldStage Economic Summit (WES) is coming to the rescue for countries like Nigeria, to prepare business organizations and other institutions for the new age.
WES is a global platform for addressing economic challenges through diagnoses and application of practicable solutions to inspire new thinking in business operation, economic reform and policy formulation and implementation.
The 2019 edition of the organization’s summit with the theme ‘Getting Nigeria Ready for Challenges of the Fourth Industrial Revolution’ is scheduled to hold on Wednesday, November 13, 2019 by 10.00AM at the prestigious Event Centre, The Nigerian Stock Exchange, Lagos, Nigeria.
According to a statement by the organizers, World Stage Limited, WES 2019 will address the Challenges of the Fourth Industrial Revolution through the sub themes: Relevant laws and policies requirement for Fourth Industrial Revolution; Developing infrastructure, industries and Business Models for Fourth Industrial Revolution; an Urgent reviewing of education curriculum, Developing Skills and building capacity through massive investment in science, technology, engineering and mathematics (STEM) education.
The President and Chief Executive of, World Stage Limited, Segun Adeleye, says “WES 2019 will create opportunity for policy makers and the private sector to identify their roles in the new scheme of things to position the country as a net producer of technology, rather than a dumping ground.”