History of Industrial Revolution
· One min read
1.0: Mechanisation
- 1780
- Industrial production based on machines
- Powered by water and steam
2.0: Electrification
- 1870
- Mass-production using assembly lines
3.0: Automation
- 1970
- Automation using electronics and computers
3.5: Globalisation
- 1980
- Offshoring of production to low-cost economies
4.0: Digitalisation
- Today
- Introduction of connected devices
- Data analytics
- Artificial intelligence technologies
- Further automation of processes
5.0: Personalisation
- Future
- The fifth industrial revolution, or Industry 5.0, will be focused on the co-operation between man and machine
- Human intelligence works in harmony with cognitive computing
- Humans are put back into industrial production with collaborative robots
- Workers will be upskilled to provide value-added tasks in production
- Leading to mass customisation and personalisation for customers