30 Days to Emotional Awareness & Wellness Challenge
Day 24: 4 Ways to Survive the Revolution
It’s been said we’re on the cusp of the Fourth Industrial Revolution, but with all the inventions and innovations it’s hard not to wonder if we’re already there. Where even more uncertainty lies is around our readiness for the continuation of these advances and their impact on humankind. Now, probably more than ever, there’s a need for emotional intelligence (EI) (Johnson, 2018; Kawash, 2017).
The Fourth Industrial Revolution, or 4IR, involves “a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human” (World Economic Forum, n.d., para. 3). Klaus Schwab, author and professor, put rapid changes in technology into perspective by examining the positive and negative impact technological advancements have on governments, corporations, communities, and individuals.
Putting the exponential growth of 4IR into context is required to appreciate the challenge we’re up against. To do so, Crabbe (2018) highlighted the paradox of this stage of the revolution using the following analogy (para. 1):
"How many times would you have to fold a piece of paper, before the
thickness of that paper equalled the distance between you and the moon?
The answer is 42! Not very many. So, I did some calculations of my own.
It turns out, after the first 15 folds, the thickness of the paper is
still only 3 meters; but after the next 15 folds, the thickness grows to
127,000,000 meters. This is the way exponential change works. It starts
incredibly slowly and gathers pace as each fold doubles the speed or
size. Until at a certain point, the pace of change is unimaginable…and
getting faster!"
From Crabbe’s example, we can better envision the compound effects of accelerated technologies. We can also recognize the role we play as developers of people-driven tools to determine how we can stay ahead of the curve as technology continues to develop. So, how can we use our awareness of expanding technology to ensure we’re able to adapt organizationally?
In his book, The Fourth Industrial Revolution , Schwab mentioned organizations are ill-equipped and may face challenges adjusting. Segregated job markets, economic gaps, and obsolete professions are just some of the examples of the negative organizational implications Marr (2018) listed, but surely many more exist. To actively work towards avoiding these possibilities, organizations need to apply approaches appropriate for managing what I refer to as ‘the evolution of the revolution’.
Here are four strategies organizations can use to survive 4IR:
- Keep EI at the forefront to maintain the human connection—Kawash (2017) proposed an Intellectual + Emotional intelligence algorithm-type approach to bridge the two intellects.
- Coach for leadership development—Use EI skills training and dynamic coaching practices to prepare employees to take on a leadership mindset.
- Invest in technical infrastructure and data analysis capabilities, as suggested by Marr (2018).
- Put people before technology (Schwab as cited in World Economic Forum, n.d.)—we create, and therefore have control of how much we allow technology to impact us.
What strategies do you think will help organizations and their leaders leverage 4IR?
References
Crabbe, T. (2018, October 24). The fourth industrial paradox: Psychological tips to navigate it well. Retrieved from https://www.workfront.com/blog/fourth-industrial-paradox
Kawash, N. (2017, June 14). Emotional intelligence & the 4th industrial revolution: Are we ready? Retrieved from https://www.linkedin.com/pulse/emotional-intelligence-4th-industrial-revolution-we-ready-kawash/
Marr, B. (2018, August 13). The fourth industrial revolution is here: Are you ready? Retrieved from https://www.forbes.com/sites/bernardmarr/2018/08/13/the-4th-industrial-revolution-is-here-are-you-ready/#17419387628b
World Economic Forum. (n.d.). The fourth industrial revolution, by Klaus Schwab. Retrieved from https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab



