What is the Fourth Industrial Revolution?

Close-up view of black metal gears
Birdseye View of snowy city during sunset.
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What is a revolution?

The word “revolution” is defined as a dramatic and wide-reaching change in conditions, attitudes, or operation. The revolutions as discussed below look at how the manufacturing processes changed, and how it drastically changed every aspect of our daily lives.

Historic Overview Of All The Revolutions:

The First Industrial Revolution

Taking place around the years 1760 to 1840, the first industrial revolution encompassed the introduction of machines in the production process. Various production methods changed drastically during this period, and almost every walk of daily life was influenced. You can read more in-depth about the First Industrial Revolution here: https://en.wikipedia.org/wiki/Industrial_Revolution

The Second Industrial Revolution

Generally dated from 1870 to 1914, the Second Industrial Revolution is the rapid standardisation and industrialisation of manufacturing and production technology processes. It can be thought of as an enormous expansion of innovations inspired by the first revolution, allowing people to connect more by way of railroad and telegraph which led to ideas spreading like a wildfire. Electricity and the telephone are also hallmarks of this revolution. Read more about the Second Industrial Revolution here: https://en.wikipedia.org/wiki/Second_Industrial_Revolution

The Third Industrial Revolution

The Third Industrial Revolution involves the digitalization of the manufacturing process and is still very much in effect today. With clever software and continuous innovation, the ways production and manufacturing is implemented are changing rapidly, and still influencing our daily lives in countless ways. Read more about the Third Industrial Revolution here: https://www.economist.com/leaders/2012/04/21/the-third-industrial-revolution

And now: The Fourth Industrial Revolution

While we are still digitising the manufacturing process, the rate at which our current technological advancements are taking place warrant an entire new revolutionary era within another revolution. Everything we do and how we do is changing at record speed, and it encompasses every single walk of life. Unlimited access to knowledge, our connection capabilities and unprecedented processing power are hallmarks of a very distinct Fourth Industrial Revolution.Read more about the Fourth Industrial Revolution here: https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

What does it all mean?

The Fourth Industrial Revolution is changing the way we think and experience our world. The customer’s expectations are changing to be more personalised and connected. In turn, the way businesses deliver their services and add value is changing. It is important to keep up with the relevant technological advancements and how they influence the world of your customer in order to deliver on their expectations. Be aware of how the global economy is changing and reacting to change in order to position your business for lasting success.

Where to now?

Aside from understanding your audience, one of the main influences behind the current revolution is convenience. Your product needs to be easy to get and easy to use. No matter your vertical, if your product/service offers high convenience, you are already one step ahead. Our feature-rich mobile application development, responsive website development, and comprehensive marketing solutions all work together to influence the customer’s experience. Taking the current markets into account, analysing the needs of your target market and understanding your business at its core allows us to develop an enhanced experience for both manufacturer and customer. Contact us for more information, or click here to read more about our services.

There has never been a time of greater promise, or greater peril.

Professor Klaus Schwab

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