Law must be adapted for the Fourth Industrial Revolution

Here is an interesting article I found in the mainstream press:

Law must be adapted for the Fourth Industrial Revolution.

Excerpts:

"We are at the borders of a new revolution, characterized by a range of new technologies that are merging the physical worlds, impacting all disciplines, economies and industries. It merges the capabilities of both the human and the machine, encompassing a wide swath of areas such as artificial intelligence, genome editing, biometrics, renewable energy, 3D printing, autonomous vehicles and the Internet of Things. Tech optimists posit that the wave of exponential growth in smart tech, artificial intelligence, machines and the interconnectedness of all aspects of modern life through technology will bring profound changes to society, and creates an unprecedented shift from the way we are familiar with — how we behave, interact and think."

"Accordingly, education and training systems need to show adaptability in preparing individuals for the skills that are required in the workplace of the future. It is also important that governments and the legal system are not left behind in regulating the new fields, as this would lead to a shift of power towards technology and its owners, with the possibility of creating situations of inequality and fragmented societies. As the onset of the Fourth Industrial Revolution continues, the institutions that affect these innovations must revolutionize as well."

(Scott Fruehwald)