Fourth industrial revolution

• The fourth industrial revolution is a term coined by Klaus Schwab
• Fourth industrial revolution is a world where individuals move between digital domains and offline reality with the use

  of connected technology to enable and manage their lives.
• Each industrial revolution is a series of events building upon

  innovations of the previous revolution and leading to more advanced forms of production.
• The first industrial revolution started in 1760 with the invention of the steam engine.
• First industrial revolution transitioned from farming and feudal society to the new manufacturing process.
• First industrial revolution included the use of coal as the main energy while trains were the main means of transportation.
• During first industrial revolution, textile and steel were the dominant industries

  in terms of employment, value of output, and capital invested.
• The second industrial revolution began in 1900 with

  the invention of the internal combustion engine.
• Second industrial revolution was an era of rapid industrialization using oil and electricity

  to power mass production.
• The third industrial revolution started in 1960 and was characterized with the

  implementation of electronics and information technology to automate production.
• The fourth industrial revolution now involves computer

  generated product design and three dimensional printing
• Period

  1. 1760 - 1900
  2. 1900 - 1960
  3. 1960 - 2000
  4. 2000 -
• Period transition

  1. 1860 - 1900
  2. 1940 - 1960
  3. 1980 - 2000
  4. 2000 - 2010
• Energy resource

  1. Coal
  2. Oil electricity
  3. Nuclear energy and natural energy
  4. Green energies
• Main achievement

  1. Steam engine
  2. internal combustion engine
  3. Computers and robots
  4. Internet, 3D printer, genetic engineering
• Main developed industries

  1. Textile and steel
  2. Metallurgy and auto machine building
  3. Auto and chemistry
  4. High tech industries
• Transport means

  1. Train
  2. train and car
  3. Car and plane
  4. Electric car and ultra fast train
• Fourth industrial revolution is characterized by a fusion of technologies that is blurring the lines between the

  physical, digital, and biological spheres.
• Transformation of today is because of three reasons

  1. velocity,
  2. scope, and
  3. systems impact
• There are similarities between four industrial revolutions and the five ages of civilization:
• 1. the hunter and gather age,
  2. the agricultural age,
  3. the industrial age,
  4. the information worker age,
  5. and the emerging age of wisdom.
• Steven Covey wrote his book 8th, Habit
• the productivity of each

  subsequent age goes up fifty times over the preceding age.
• each subsequent age destroys many of the jobs of the preceding age.
• 1. first three ages of civilization, most goods and services with their body - manual worker
  2. but in the last two ages, produce most goods and services with their mind - knowledge worker
• Knowledge is an integral part of total management and cuts across functional boundaries.
• The main assets and primary drivers of the industrial age were machines and capital
• In the fourth industrial age, the challenge now is how companies can motivate their knowledge workers to release their human potential
• We can predict the opportunities that comes with the fourth industrial revolution:

  1) lower barriers between inventors and markets,

  2) more active role for the artificial intelligence (AI),

  3) integration of different technics and domains (fusion),

  4) improved quality of our lives (robotics) and 5) the connected life (Internet).
• The evolution of global industries in the fourth industrial revolution is both exciting and scary