IN 2016, Klaus Schwab, founder and chairman of the World Economic Forum, declared that the Fourth Industrial Revolution would impact our lives completely. Every industry would be digitalized and disintermediated and new business models would need to be defined. Moreover, because of the danger of job losses, people would have to be reskilled and upskilled fast.

Schwab was warning about how fast information, biological and nano technologies were advancing and encroaching into more and more aspects of our lives. Analysts predicted that these developments would impact half of all jobs in five years.