The fourth industrial revolution has arrived. If you’re not prepared to adapt the new industrial environment, you may find yourself way behind your competition.
Didn’t get the memo on Industry 4.0? It’s the latest major iteration in manufacturing’s ongoing cycle of reinventing itself. The first was Industry 1.0, which started in the late 1700s and lasted for nearly 100 years. During Industry 1.0, engineers, inventors, and other great industrial minds learned how to leverage the power of water and steam to manufacture more products in less time.
Next came Industry 2.0, also commonly referred to as the Industrial Revolution. Industry 2.0 was fueled by the invention and widespread adoption of electricity. Electricity brought assembly lines and expanded work hours, which allowed manufacturers to further increase their output.