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The 4th Industrial Revolution - Powered by Millennials

January 8, 2019

SYDNEY--(BUSINESS WIRE)--Jan 8, 2019--The battle between east and west is on for the technological, intellectual and investment superiority of the 4 th Industrial Revolution, according to Futurologist Rocky Scopelliti who has released a new book . The World Economic Forum predicts it will disrupt almost every country and industry and “Asia has become its epicentre” said Scopelliti.

“Asia became the ‘factory’ for the 3 rd Industrial Revolution, adapting to shifting global economic and technological developments and continually recreating comparative advantage. Asia is on the cusp of eclipsing the US for the world’s biggest venture capital market attracting a total funding of US$70.8 billion in 2017 to America’s US$71.9 billion and Europe’s US$17.6B 1  and is set to leapfrog the US into the 4th Industrial Revolution,” said Scopelliti.

Investments in emerging technology breakthroughs in the areas of artificial intelligence, robotics, the Internet-of-Things, autonomous vehicles, 3D printing, biotechnology, nanotechnology, materials science, energy, blockchain and quantum computing are laying the foundations of the Asian century.

Published globally by Marshall Cavendish, the world-first book deconstructs contemporary global issues, super-charged by the impact of Millennials and their influence on the 4 th Industrial Revolution.

Scopelliti explains that in this age of accelerated change, the 21 st century will be shaped by Millennials who have become the largest demographic group on the planet - 58 per cent to which are located in Asia Pacific. Their influence as consumers, employees and investors will only increase from this point on.

“The share of Millennial-controlled global wealth in Asia Pacific has reached 45 per cent, exceeding the America’s by 22 per cent and Europe, Middle East, Africa by 14 per cent. By 2020, this will double to US$35.3 trillion 2. To put this into perspective, at that same time, US GDP is projected to be only US$22 trillion and Eurozone US$13 trillion. Chinese Millennials are the first in Asia to become the most valuable demographic group, and a US$9 trillion economic force to be reckoned with,” said Scopelliti.

As a world-renowned futurologist, more than 150 boards and leadership teams – including Fortune 100 companies – seek Scopelliti’s strategic advice annually.

1 PricewaterhouseCoopers and CB Insights’ 2017 MoneyTree

2 Boston Consulting Group (2016), ‘Global Wealth Market Sizing Database’

View source version on businesswire.com:https://www.businesswire.com/news/home/20190108006130/en/

CONTACT: For more information see:www.Youthquake4.com

Rocky Scopelliti

Email:RockyS@Youthquake4.com

Mobile:+61 (0) 410 447 998

LinkedIn:Rocky Scopelliti

KEYWORD: AUSTRALIA NORTH AMERICA AUSTRALIA/OCEANIA

INDUSTRY KEYWORD: ENTERTAINMENT COMMUNICATIONS BOOKS PUBLISHING

SOURCE: Youthquake

Copyright Business Wire 2019.

PUB: 01/08/2019 06:36 PM/DISC: 01/08/2019 06:36 PM

http://www.businesswire.com/news/home/20190108006130/en

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