Insights into The Topic of The Fourth Industrial Revolution

  • Mustafa Shalwani

Student thesis: Doctoral Thesis

Abstract

There is an unprecedented interest in the literature about the current industrial revolution. The concept of the current industrial revolution was first anticipated during German government strategy in 2011 under the term 'Industrie 4.0' (or 'Industry 4.0'), mainly referred to Cyber-Physical adaptation in manufacturing. In 2014, the term 'Fourth Industrial Revolution' was introduced by the World Economic Forum, which refers to the merge between the boundaries of Cyber, Physical, and Biological domains. While both terms might have been used interchangeably by some researchers, we find a noticeable difference between the two terms in the literature. We analyzed the Scopus database using papers' keywords and conducted Social Network Analysis and clustering analysis, and found a distinguishable difference between them. Once we understand the context of the industrial revolution phenomena, we can better study the impact of its radical change on our social welfare. Every industrial revolution brought several improvements as well as shortfalls to society. The effect of technological advancements on the job market is one of the main concerns regarding any industrial revolution. Moreover, it is expensive to assess the labor market in terms of educational courses and occupations since it requires field knowledge to evaluate each course and occupation. Here, we propose a new evaluation tool based on the syntactic meaning embedded in the description of courses and occupations to draw similarities and comparisons between demand and supply in the labor market. We show that textual description is a fair estimate to experts' evaluation using Natural Language Processing. This dissertation makes a number of contributions to the understanding and implications of the next industrial revolution on the labor market: *It studies the current usage of terms related to the next industrial revolution in the literature. We specifically focus on the 'Fourth Industrial Revolution' and 'Industry 4.0' in the literature from 2011 until now. Our findings provide a better view for strategy planning and researchers of the current industrial revolution. * It shows the current state of demanded and supplied skills in the labor market and our high-education system by analyzing the similarity between occupations and university courses. This evaluation method provides an alternative tool to experts' evaluation for both employers and education professionals. * It provides a holistic view of the labor market and education system similarities from requirement perceptive rather than industry practices.
Date of AwardMay 2021
Original languageAmerican English

Keywords

  • Fourth Industrial Revolution
  • Labor Market
  • Topic Modeling
  • Social Network Analysis
  • Natural Language Processing.

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