Understanding the 4th Industrial Revolution

Over the next few weeks, I will do a 7-part series to unpack the 4th Industrial Revolution (4IR) and what it means for each of us. I’ll keep it simple so that you can identify how it will affect your life today and in the future.

Let’s first define an Industrial Revolution, which is the genesis of the 1st to 4th industrial revolutions.

According to Wikipedia, the Industrial Revolution, now also known as the First Industrial Revolution, was a transition to new manufacturing processes in Europe and the United States, between 1760 and 1840. The transition was from hand production methods to machines, increased use of steam power, a mechanized factory system, among others. The Industrial Revolution began in Great Britain and it marked a major turning point in history. Almost every aspect of daily life was influenced in some way.

A lot has changed throughout the world from the 1st Industrial Revolution to the 4th one. The world is fast-changing and businesses and people must adapt if they are to remain relevant going forward. New technologies are replacing outdated ones very quickly, and many jobs are becoming obsolete.

PWC notes that the Fourth Industrial Revolution (4IR), also known as Industry 4.0 is the unfolding age of digitization and it pervades virtually every aspect of modern life. That 4IRis more than technology and it gradually shapes how we live and work (and even play), it ushers in a revolution of experience.

The 7-part series will go into detail about the 4th Industrial Revolution to help you understand how it affects your life.

Look out for Part 1 shortly – Defining The 1st To 4th Industrial Revolutions

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