What're the signs we're in the fourth industrial revloution?
Industrial Strategy Has your organisation seen the Internet of Things, Big Data and the rest of these indicators...?
The first Industrial Revolution was initiated by the introduction of the commercial steam engine and the birth of the textile industry. The second was sparked by electricity and mass production. And the third was triggered by the computer after World War 2.
Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, believes we're well underway with the fourth industrial revolution, or Industry 4.0. It refers to major innovations in technology which are coming into maturity at the same time, embedded by companies around the world, integrating the virtual and physical worlds to bring forth powerful new ways of working. The follwing are examples: