Many dull, repetitive tasks will become obsolete: you no longer need riveters when a product has no rivets. In his book The Fourth Industrial Revolution, Klaus Schwab, the founder and executive chairman of the World Economic Forum, the International Organization for Public-Private Cooperation, asserts that there are actually four distinct periods of © 2020 Forbes Media LLC. After completing this unit, you’ll be able to: These are the first three industrial revolutions that transformed our modern society. He can simply download the design and print it. The new finance is now appearing through Africa-led mPesa, followed by There is much innovation in finance in the UK too. By the early part of the 20th century, Henry Ford’s The Fourth Industrial Revolution: Starting Now! The Third Industrial Revolution Global CEO Business Roundtable is the outgrowth of the dramatic changes that have taken place in the recent past. Industries were fuelled by organizational models of production envisioned by American mechanical engineer Frederick Winslow Taylor and by American business magnate Henry Ford. These in turn have driven biotechnology as the genome at last begins to impact. All rights reserved. A timeline created with Timetoast's interactive timeline maker. Exciting times! Schwab describes an industrial revolution as the appearance of “new technologies and novel ways of perceiving the world [that] trigger a profound change in economic endobj But factory life was difficult. I recently came across a fascinating presentation by Dr David Brown on how the world is already facing its third Industrial Revolution. What is the fourth industrial revolution? But the cost of producing much smaller batches of a wider variety, with each product tailored precisely to each customer's whims, is falling. Another century passes and we bear witness to the Third Industrial Revolution. de Vasconcelos: So where are we in the Third Industrial Revolution? This revolution was centred around an economic and industrial model based on new large factories. The Boston Consulting Group reckons that in areas such as transport, computers, fabricated metals and machinery, 10-30% of the goods that America now imports from China could be made at home by 2020, boosting American output by $20 billion-55 billion a year. And most recently, the digital revolution altered nearly every industry, once again transforming how people live, work, But advancements in science weren’t limited to the laboratory. The project is later dropped but the attempt marks the beginning of the electronic data storage era. and social change—the Fourth Industrial Revolution. World Wide Web is publicy viewable Jan 1, 1993. Smartphones and PCs are popularized and the number of connected devices per person is more than 1 for the first time in history. Not only might it help us get rid of carbon energy in time to save the planet, but in a near… Things that used to be analog moved to digital technologies, like an old television you used to tune in with an antenna (analog) being replaced by an Internet-connected tablet that lets you stream movies (digital). We head there next. The new energy source looks very likely to be predominantly solar power. Everyone will recognise we are still using most of these, and that some have become problematic and need replacing. This is the age when lines between the physical, digital and biological spheres are challenged and industries all over the world are uprooted. A number of remarkable technologies are converging: clever software, novel materials, more dexterous robots, new processes (notably three-dimensional printing) and a whole range of web-based services. And eBay are hit by a large-scale DDoS attack, highlighting the vulnerability of the Internet The Internet’s transformation to a commercial enterprise is largely completed. <>>> It was a time of very rapid change in the world. Now a third revolution is under way. z����M�mE��7P�W=T^+���:��\���*�we��8����ʏP �l6vg�+��f�uC'�8-��Pe����yֳ�G+*C�t���5Z����J���#��q���ˋ�_Ftt�d��8 ������Ύ-�,A��0E3W�V�լm��\'hׅ�|�IAߪ�_����/�� In 1991, Mark Weiser’s Scientific American paper The Computer for the 21st Century stated that “the most profound technologies are those that disappear. endobj steamships and railroads revolutionized how people got from A to B. ... Third Industrial Revolution Timeline created by LukeMcC. It was followed by the age of science and mass production, and then the digital revolution. They were made to work long hours, often in unsafe conditions. All Rights Reserved, This is a BETA experience. Even children worked in factories, putting in 14-hour shifts alongside adults. The steel industry began to develop and grow, methods of communication were revolutionized with the invention of the telegraph and the telephone, and transportation methods changed drastically as they continued to build upon previous discoveries, leading to the invention of the automobile in the late 1800s and the invention of the aeroplane in the early 1900s. Creation of E-mail May 3, … x��Z[s�H~w��C�-LY�;S)�&�3qj]�M4���>�2��� �F[���\hh$��s�j���;�9X��"޾}ss�A8������~~y����?]^(���JD�t\_Dʑq,�9���[$V��#}��븻����%����ˋ[�Q���a����! 1973: Ethernet is invented, the first system for the transmission of information between computer systems. This is the beginning of the next great industrial revolution: The Fourth Industrial Revolution. Brown: We clearly have the new communication system, the internet, and I suggest we can reasonably date the beginning of this industrial revolution to the mid 1990s when desktop PCs became linked for the first time by Tim Berners-Lee’s World Wide Web and Marc Andreesen’s 2008-2009: According to Cisco, the IoT was ‘born’ between 2008 and 2009 at the point when more ‘things or objects’ were connected to the Internet than people. London, EC4R 2SU, UK,,,, 1991: The first ‘web page’ is created by Tim Berners-Lee <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 9 0 R 19 0 R 20 0 R 21 0 R 24 0 R 25 0 R 31 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> and Benz in Germany of the internal combustion engine, then highways and all the transport we take for granted today. The following is a timeline and list of important dates of the industrial revolution: 1712: ♦ Thomas Newcomen invents the first productive steam engine. Already, hearing aids and high-tech parts of military jets are being printed in customised shapes. and social structures.”. Offshore production is increasingly moving back to rich countries not because Chinese wages are rising, but because companies now want to be closer to their customers so that they can respond more quickly to changes in demand. So far, the milestones of the Fourth Industrial Revolution include: large scale digitalization, the emergence of IoT networks and IIoT, machine learning, AI, predictive analyses & maintenance in industrial settings, Big Data and Cloud Computing technologies, and advanced robotics. 1993: The White House and the UN go online. Surgimiento del Territorio Federal de Quintana Roo y su Consolidación. changed. As these inventions created new manufacturing and industry, many people also moved away from farms into cities. And it enabled mass education for the first time - what a transformation for humanity! This might become the industrial revolution that deviates from non-renewable energy sources and is embedded instead in smart cities powered by wind, sun and geothermal energy.