World Monitor Magazine, #5, Industry World Monitor Magazine, Industrial Overview | Page 19

EXPERT OPINION

What were the other three
Industrial Revolutions?

Greenfield urban experiments
serve as test beds for
addressing environmental
and sustainability challenges.
Tianjin Eco-city, a joint venture
of China and Singapore, is
being built from scratch on
a sustainable model that
emphasizes green buildings
and transportation, as well as
affordable housing.
Many established cities in
mature markets face the
challenge of retrofitting
and upgrading their existing
infrastructure. Four-fifths
of the £1.3 trillion cost of
the London Infrastructure
2050 plan is earmarked
for upgrading existing
infrastructure, for example.
How should we prepare for
Industry 4.0? The key step is to
be aware that this revolution
is coming, and it may arrive
quicker than we think. If your
organization is not already
moving to become a smart
connected business, it needs
to — or risk becoming one of
those that gets overtaken by
the rise of the Fourth Industrial
Revolution, and the significant
changes it will bring to the
way we live, interact and do
business.

The First Industrial Revolution
Transition from manual to machine-based production. The
development of improved water power and the steam engine,
as well as advances in iron and chemical production
processes.

The Second Industrial Revolution
Improved manufacturing processes, driven by electrification,
the adoption of petroleum as an energy resource, the rise of
steel, the birth of mass production and the division of labor.

The Third Industrial Revolution
The rise of computers and digital technology, the Internet, cell
phones, and automated robotic production techniques.

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