Are We Going Through Another Tech Revolution?

Are We Going Through Another Tech Revolution?

The first tech revolution happened in the 18th century when steam engines and other tools decreased manual labor. We fondly know that as the industrial revolution. Once we all settled down to the new ways of life, it paved the way to the electrifying green revolution. A century later, there is another wave of emerging technologies that crushed upon us. In this article at Digital Tonto, Greg Satell debates if we are going through another tech revolution.

Ongoing Tech Revolution

Every year we are getting a bit faster. Ten years back, we used to store data in floppy disks, and now we stream movies! However, everything has its limits. In the not-so-distant future, the ongoing tech revolution fever will simmer down. The current one also had its shortcomings. It has caused productivity loss and increased inequality along with mental insecurity. It might give rise to the use of ‘heterogeneous computing’. It will provide us with the option to try out different computing frameworks for the same tasks.

One-Stop Consumption

We used different channels to consume information, namely print, radio, and TV. Now, you just need a smartphone and fast internet, and the world is in your palm. From listening to the personalized music store to sharing official files, you can do it all from one device alone.

GDP Is Old-School

Simon Kuznets built the concept of GDP as a marker of affluence in a country. However, that is not the perfect measure right now because a smartphone has technologies that initially cost $9,00,000. Nobody buys cameras, video players, watches, movie DVDs, compasses or maps, or even a laptop to surf the web. Since these are irrelevant, GDP should fall. On the contrary, things are taking a turn for the better. Kuznets once famously said, “the welfare of a nation can scarcely be inferred from a measure of national income.” So, the UN, OECD, and the UK have introduced alternative metrics to measure people’s happiness quotient.

Learning to Use Machines

The new tech revolution is giving rise to two classes of workers. The first of the two does repetitive work, which can be automated. The other is more creative, which advanced technologies can take over. We are also beginning to face a world of pollution, natural calamities, mass extinction, and political unrest. The only way out is to start collaborating for a greener future with diplomatic peace among nations and medical advancements.

To view the original article in full, visit the following link: https://digitaltonto.com/2020/we-need-to-rethink-technology-for-the-21st-century/

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