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The fourth industrial revolution – A Genesis

what is fourth industrial revolution? definition and Why is important?We have officially announced about Geospatial World Forum 2018, and the theme is Geo4IR: Geo-enabling the Fourth Industrial Revolution. And it becomes important that we start having interesting content around this topic for our audience from the geospatial community. So, here is the first one of the series of blogs on the conference theme.

What are the industrial revolutions?

Industrial revolutions are those periods in modern human history that brought a drastic shift in the socio-economic status of people driven by technological innovations. From 1760 till date, we saw three major industrial revolutions, and the fourth is currently underway.

The first industrial revolution happened between 1760-1840 with the advent of the steam locomotive, mechanized textile manufacturing etc.

The second industrial revolution took place between the end of the 19th century and early 20th century was possible by rapid industrialization, mechanization, and the invention of the assembly lines.

The third industrial revolution is what started off with the entry of electronics and computers in the early 80’s to the internet in the 90’s.

What is the fourth industrial revolution?

The Fourth industrial revolution is the revolution of the current era, which is happening with the fusion of physical, digital and biological paradigms, impacting numerous disciplines and industries, and economies.

What makes 4th Industrial Revolution so special?

As with any revolution, society and citizens of that era are the beneficiaries and the ones that are affected. 4th industrial revolution is special for our generation, as it is going change the societal fabric of our times. Unlike the previous ones, this industrial revolution has larger impacts on us from technological, biological, economic, societal and ethical perspective.

According to Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, the impact is profound as this revolution is evolving with greater velocity, affecting various industries, economies, and countries across the world and calling for a total overhaul of the existing systems and processes.

Want to read more? In our upcoming blog post, we will go in detail on to this topic, and see the relevance of geospatial technologies.