Salman focuses on challenges of 4th industrial revolution

Salman F Rahman, prime minister’s adviser on private industries and investment, yesterday urged Bangladeshi young people and business leaders to prepare themselves for the challenges of the forthcoming Fourth Industrial Revolution (4IR). He also said the challenges to be posed by 4IR would be extremely tough.

Rahman emphasised the preparation for 4IR while addressing a business luncheon meet titled ‘Fourth Industrial Revolution—Preparation’ as chief guest at the Westin in the capital’s Gulsan area yesterday. The programme was organised by the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) and supported by BBS Cables Limited. Rahman said 4IR was already on and people were now resorting to artificial

intelligence and the internet of things to control the supply chain network. “We need to adopt and model our own network in line with those latest technologies,” he added. “The government has taken it very seriously. To face it, we have taken an initiative to create skilled manpower under the programme of the skill development authority,” he said.

He also said it was undeniably true that the country had come thus far because of the leadership of Prime Minister Sheikh Hasina. “She created in us a belief in Bangladesh and a feeling for Bangladesh as well,” he added.

At this programme, Syed Almas Kabir, vice-president of the BMCCI, presented a keynote paper, highlighting Bangladesh’s preparations to face the new challenges. He discussed 13 sectors including cyber security, human-machine cooperation, and autonomous robots.  He said these areas need to be emphasised in Bangladesh to face the approaching 4IR.

In his keynote address, Rahman said 50 per cent of the jobs in developing countries were vulnerable to 4IR. On average, 35 per cent of core skills will change between 2015 and 2030.

In reference to A2i research, Kabir said Bangladesh was likely to lose jobs in the readymade garments sector by as much as 60 per cent, in the leather sector by 35 per cent, and in the tourism sector by 20 per cent. Around 1.4 million jobs in the furniture industry as well as 0.6 million jobs in the agro-processing industry would also vanish. He also said new technologies may provide intelligence, sensory perception, and reasoning, which only labour could provide previously. The increased availability of big data and advances in artificial intelligence and machine learning meant smarter machines were already replacing a broader range of human activities than ever before. He further said loss of jobs with technological advancement was not new and inevitable. About 60 per cent of children entering schools today will work in jobs that do not yet exist. About 47 per cent of all American job functions could be automated within 20 years.

 

Salman focuses on challenges of 4th industrial revolution

Salman F Rahman, prime ministers adviser on private industries and investment, yesterday urged Bangladeshi young people and business leaders to prepare themselves for the challenges of the forthcoming Fourth Industrial Revolution (4IR). He also said the challenges to be posed by 4IR would be extremely tough. Rahman emphasised the preparation for 4IR while addressing a business luncheon meet titled Fourth Industrial RevolutionPreparation as chief guest at the Westin in the capitals Gulsan area yesterday. The programme was organised by the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) and supported by BBS Cables Limited. Rahman said 4IR was already on and people were now resorting to artificial intelligence and the internet of things to control the supply chain network. We need to adopt and model our own network in line with those latest technologies, he added. The government has taken it very seriously. To face it, we have taken an initiative to create skilled manpower under the programme of the skill development authority, he said. He also said it was undeniably true that the country had come thus far because of the leadership of Prime Minister Sheikh Hasina. She created in us a belief in Bangladesh and a feeling for Bangladesh as well, he added. At this programme, Syed Almas Kabir, vice-president of the BMCCI, presented a keynote paper, highlighting Bangladeshs preparations to face the new challenges. He discussed 13 sectors including cyber security, human-machine cooperation, and autonomous robots. He said these areas need to be emphasised in Bangladesh to face the approaching 4IR. In his keynote address, Rahman said 50 per cent of the jobs in developing countries were vulnerable to 4IR. On average, 35 per cent of core skills will change between 2015 and 2030. In reference to A2i research, Kabir said Bangladesh was likely to lose jobs in the readymade garments sector by as much as 60 per cent, in the leather sector by 35 per cent, and in the tourism sector by 20 per cent. Around 1.4 million jobs in the furniture industry as well as 0.6 million jobs in the agro-processing industry would also vanish. He also said new technologies may provide intelligence, sensory perception, and reasoning, which only labour could provide previously. The increased availability of big data and advances in artificial intelligence and machine learning meant smarter machines were already replacing a broader range of human activities than ever before. He further said loss of jobs with technological advancement was not new and inevitable. About 60 per cent of children entering schools today will work in jobs that do not yet exist. About 47 per cent of all American job functions could be automated within 20 years.