The world is currently experiencing the fourth Industrial Revolution. Is Bangladesh ready?
There is just no point in arguing if it is good or bad, if it will benefit Bangladesh or not. Fourth Industrial Revolution is not something for us to accept or, reject or, regulate
The first Industrial Revolution began in the middle of the 18th century with the invention of the steam engine by Thomas Newcomen. Then, as we entered the second Industrial Revolution, we found a way to mass-produce electricity-based products until the 1970s. The third Industrial Revolution was the digital revolution, with the wave of information and communication technologies which gave birth to the new “knowledge economy.” This has created thousands of new businesses and millions of new jobs, and laid the foundation for a sustainable global economy in the 21st century.
It is quite challenging for both developed and developing nations. Developed nations would perhaps be able to cope with it because of their technological progress, and their skilled workforce with specialized know-how, training, and experiences. Bangladesh has a large workforce but is it skilled?
At micro or macro levels, each of us is only to get ready – in the government or, in business or, in research. And, move fast. We need to employ our imagination, creativity, innovation without hindrance or, inhibition – for our schools, factories, companies and even government. Some 4,554 Union Digital Centres, e-procurement, 100+ simplified public services, and smart health cards for instance are leading us on the Fourth Industrial Revolution pathway.
Bangladesh has obtained unprecedented technological advancement through the ruling party’s Digital Bangladesh manifesto. However, Bangladesh has failed to develop technology-oriented employment sectors. For instance, despite these positive technological advances, Bangladesh is still lagging behind in the adoption of e-commerce in small and medium-sized enterprises (SMEs). There is no doubt that SMEs contribute significantly to the economy of a country by creating employment opportunities, eradicating poverty, and generating export revenue. To accelerate and augment this economic contribution, the adoption of e-commerce in Bangladesh SMEs is essential. The emergence of globalization and the integration of regional economic growth have introduced new challenges as well as new opportunities for SME development in Bangladesh.
There is just no point in arguing if it is good or bad, if it will benefit Bangladesh or not. Fourth Industrial Revolution is not something for us to accept or, reject or, regulate
The first Industrial Revolution began in the middle of the 18th century with the invention of the steam engine by Thomas Newcomen. Then, as we entered the second Industrial Revolution, we found a way to mass-produce electricity-based products until the 1970s. The third Industrial Revolution was the digital revolution, with the wave of information and communication technologies which gave birth to the new “knowledge economy.” This has created thousands of new businesses and millions of new jobs, and laid the foundation for a sustainable global economy in the 21st century.
It is quite challenging for both developed and developing nations. Developed nations would perhaps be able to cope with it because of their technological progress, and their skilled workforce with specialized know-how, training, and experiences. Bangladesh has a large workforce but is it skilled?
At micro or macro levels, each of us is only to get ready – in the government or, in business or, in research. And, move fast. We need to employ our imagination, creativity, innovation without hindrance or, inhibition – for our schools, factories, companies and even government. Some 4,554 Union Digital Centres, e-procurement, 100+ simplified public services, and smart health cards for instance are leading us on the Fourth Industrial Revolution pathway.
Bangladesh has obtained unprecedented technological advancement through the ruling party’s Digital Bangladesh manifesto. However, Bangladesh has failed to develop technology-oriented employment sectors. For instance, despite these positive technological advances, Bangladesh is still lagging behind in the adoption of e-commerce in small and medium-sized enterprises (SMEs). There is no doubt that SMEs contribute significantly to the economy of a country by creating employment opportunities, eradicating poverty, and generating export revenue. To accelerate and augment this economic contribution, the adoption of e-commerce in Bangladesh SMEs is essential. The emergence of globalization and the integration of regional economic growth have introduced new challenges as well as new opportunities for SME development in Bangladesh.
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