Industry 1.0 : First Industrial Revolution
The workforce became mechanized using steam or coal powered machines. Started in the mid-1700s, an Industrial Revolution began in England that transformed the way work was done. At the time farming was a large market sector. Workers went from making goods by hand to using powered machines to mass-produce products which increased output, lowered costs, raised profits and increased market penetration. This industrialization spread through Europe, then to the United States thus transforming the West into the dominant productivity regions of the world. The physical strength of a line worker was increased by adding machine power. These profound changes in the economics, social structure and population increase, better quality of life of nations and lasted into 1830s.
Industry 2.0 : Second Industrial Revolution
This period began 1840 and also known as known as the technological revolution. Steam and coal gave way to electricity. Electrical technology rapidly integrated into manufacturing processes again increasing productivity. Improved distribution of people, raw materials, goods/products and services with railroad based transportation. Market reach was not limited to immediate locality. Iron and steel became widespread and allowed the development of the heavy industry. Heavy industry was born and spread from the west to the east as Japan joined the list of leading producers. This lasted until the 1870s.
Industry 3.0 : Third Industrial Revolution
During the first half of the 1900s the world became entangled in a series of wars and production focus switched from consumer to military. In the second half of the 20th century the digital economy developed. Electro mechanical logic being replaced with early computer controlled logic. This again offered an increase in productivity. In this era communication technologies with better time automation processes were born.
Industry 4.0 : Fourth Industrial Revolution
Digitize, interconnect, analyze and share in Realtime cross ones entire value chain. The complete digitalization of the manufacturing industry as product lifecycles are becoming progressively shorter while product variants are increasing. Small manufacturing runs must be produced quickly with little to no lead times. Manufacturing on demand is becoming more commonplace. A company must be able to realign their organization based on customer demand.
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