1st Industrial Revolution – The first Industrial Revolution began in Great Britain in the mid-to-late 1700s when innovation led to goods being produced in large quantities due to machine manufacturing. (Steam, water, mechanical production equipment)

2nd Industrial Revolution – The Second Industrial Revolution, also known as the Technological Revolution, was a phase of rapid scientific discovery, standardization, mass production and industrialization from the late 19th century into the early 20th century. (Division of labor, electricity, mass production)

3rd Industrial Revolution – The Third Industrial Revolution began in the ’70s in the 20th century through partial automation using memory-programmable controls and computers. Since the introduction of these technologies, we are now able to automate an entire production process – without human assistance. (electronics, IT, automated production)

4th Industrial Revolution – The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial Cashrevolutions. (Cyber-physical systems)

5th Industrial Revolution – The Fifth Industrial Revolution, also known as Industry 5.0, is a new phase of industrialization, whereby humans work alongside advanced technologies and AI-powered robots to enhance processes within the workplace.

So the first one—the one with steam power—that was the first industrial revolution. It was followed by the age of science and mass production, and then the digital revolution. We’re now at the beginning of the next phase of dramatic technological expansion and social change—the Fourth Industrial Revolution and then onto the Fifth Industrial Revolution.

Do you have a plan for you and your business to grow and survive the changes? How will the employees fare in the new future?

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