The world is now in the fourth industrial revolution, the last industrial revolution has changed a lot in the world. This revolution has changed the whole world from other industrial revolutions and made people's lives easier. 1. The first industrial revolution took place in the early 19th century, when the industrial revolution had just begun. The origin of steam power. 2. The 2nd Industrial Revolution took place in the early 20th century. At that time, electricity, railways, and telegraphs were invented. After the discovery of electricity, the world changed a lot for the people of the world. One after another, inventions began such as lights, fans, and many other types of electrical appliances that made people's lives easier. 3. The 3rd Industrial Revolution occurred in the mid-20th century with the invention of computers, the invention of the Internet, and the rise of automation. 4. The world saw a new evolution in the 4th Industrial Revolution. Artificial Intelligence, Big Data, and automated technology were discovered. Artificial Intelligence was a topic that caught the world's attention.

Previous changes were dependent on the development of one or two things, but the 4th revolution has attempted to develop many technologies simultaneously. This has opened the door to new possibilities.

The Fourth Industrial Revolution could have a great impact on Bangladesh's labor market and economy. It will have positive impacts as well as some challenges :

The biggest impact on the labor market in Bangladesh is the job market. The nature of jobs will change. The use of many machines and software will make work much easier, but it will require skilled workers. Due to a lack of skills, many will lose their jobs, and many will not get jobs. However, from an economic perspective, its impact is increasing productivity in the industrial sector. The use of robots and automation will result in faster production of goods and reduce labor costs. Changes in the agriculture and health sectors: There has been improvement in the agricultural sector, and the use of big data and AI will also make it possible to improve the health sector. The most challenging of the challenges is to adapt to this new environment by becoming skilled.

The 4th Industrial Revolution will require a lot of changes for individuals, educational institutions, and governments, and preparation is essential. Below is what an individual should do to prepare.

Individuals:

Need to acquire new skills such as learning to use AI and learning to use data. Soft skills should be learned, such as creativity, critical thinking, etc. And an attitude of lifelong learning. Adapting to new job opportunities.Adapting to the habit of working from home or adapting to the environment. Developing the mindset of being an entrepreneur instead of a job. Having the attitude to do something new.

Educational institutions:

To improve the quality of education. The curriculum should be modernized. Use advanced technology in education. Industry and educational institutions should work together for the student experience. Students should be given ideas about nanotechnology and machine learning.

Government:

The government needs to be more modern and change policies and techniques. Enact data security laws and increase the security of data collection. The government needs to try to improve technology and invest in this sector. To adapt to the modernized environment that has resulted from this revolution, new training should be introduced. Grants should be arranged for freelancers and new entrepreneurs.

The following are the policies and training programs that governments and individuals should adopt to address the 4th revolution:

Training and policy formulation on smart industries and automation. I believe that if blockchain technology is used in financial transactions, money laundering will be reduced in many areas. Strengthening cyber security and ensuring that everyone knows about cyber security or launching a training on this. Providing training to learn how to use AI. Providing a training on software development. Developing digital infrastructure.