Article | November 6, 2017

The Fourth Industrial Revolution

Source: KORE

By Sue Holub, Chief Marketing Officer, KORE

Field Service IoT

Technology and the Internet of Things (IoT) continue to blur the daily lines between our physical and digital worlds. This move forward is commonly referred to as the Fourth Industrial Revolution (4IR), and was a hot topic at this year’s Mobile World Congress Americas in San Francisco, as wireless connectivity is at the heart of it all.

The World Economic Forum’s Founder and Executive Chairman, Professor Klaus Schwab, describes the significance of 4IR by stating, “We are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to one another.” He notes that “It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human.”

For a little background, consider the first three industrial revolutions:

  1. The introduction of mechanical production facilities, using water and steam to generate power
  2. The implementation of divisions of labor to mass produce assets with the help of electricity
  3. The enhancement of electronic and IT systems to automate production