Industry 4.0: Disruptive Technology that drives digital transformation in vertical/horizontal value chains
From ancient times to present times, civilization have surfaced and communities have emerged. With this development comes allocation of scarce of resources to satisfy unlimited needs and wants of man. Inventions and discoveries took place; crude hunting weapons; domesticating plants and animals for human consumption; smelting metals; masonry; architecture; production and trading of goods and services; better communication and transportation; then comes the industrial revolution. Historians say that industrial revolution started in Great Britain. In 17th century Britain, the beginnings of an agricultural revolution would eventually lead to an industrial revolution, changing the country – and the world – forever. Industrial Revolution Stages Stage 1: Mechanization, water power, steam power The First industrial revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840. ...