6th Nov 2018CIO
The Fourth Revolution
The Commercial Revolution began in the 11th century with the exploration of Europeans which led to the discovery and transportation of spices, silks and other commodities. This led to the desire for trading which continued and grew in the second half of the Middle Ages.
In the 15th and 16th this desire created new trades routes throughout the world which led to the formation of new larger international trading networks throughout Europe as well as growth in such financial areas such as banking, insurance, and investing. The revolution also led to many Maritime innovations such as sails, navigational instruments and details maps.
The Industrial Revolution saw the transition towards new manufacturing processes between the reigns of George III and Queen Victoria, such as the use of machinery, chemical manufacturing, steam power, the development of machine tools and the rise of the factory system.
By the mid-18th century, Britain was the world's leading commercial nation, controlling a global trading empire with colonies in North America and Africa and with some political influence on the Indian subcontinent, through the activities of the East India Company.
The Industrial Revolution marks a major turning point in history as almost every aspect of daily life was influenced in some way from average income increase, population growth and standard of living increase.
The Computer Revolution began following World War Two when the Transistor was invented, which led to the emergence of Micro processors, ARPANET net in which lead to the creation for the internet and mobile phones in the 90’s.
The Computer revolution created the industries in which we all live today, resulting in great wealth but also great risk with the rise of cyber threats. And while we are busy managing the current platforms, many innovations are starting to reach a new level of maturity that means we now must be prepared to compete against them and ultimately deploy them within our own business.
The Fourth Industrial Revolution builds on the Digital Revolution, representing new ways in which technology becomes embedded within societies. The Fourth Industrial Revolution is marked by emerging technology breakthroughs in a number of fields, including Block-chain, robotics, artificial intelligence, nanotechnology, quantum computing, biotechnology, the Internet of Things, 3D printing and autonomous vehicles. These represent immense opportunities for executives as well as many challenges.
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