The first industrial revolution ushered in a global transformation as the means of production transitioned from human labor to machine driven automation. The second industrial revolution accelerated change through, manufacturing automation, the use of steam power, oil, electricity, and electrical communications. Pundits argue about the defining attributes and timeline of the third industrial revolutions – but few question that it is unfolding before us as we speak. Has the third industrial revolution already swept through the manufacturing sector, is it just in the beginning stagesThat is the question addressed by this report.
Flexera, IDC, Third revolution, Industry 4.0