The Fourth Industrial Revolution is a “mental model” for understanding and influencing the way in which emerging technologies are changing how value is created, exchanged and distributed across economic and social systems.
Since 1750, when mechanization first transformed the textile industry in Britain before spreading to other industries and countries, three major and disruptive pe-riods of technological advancement have changed our methods of production, communication, transport, agriculture and our social systems. The First Industrial Revolution saw the widespread use of steam, the introduction of the factory system, the development of the railroad and huge advances in metallurgy and chemistry.
The Second Industrial Revolution, which took place roughly between 1870 and 1914, led to the development of electricity networks, the telephone, the au-tomobile, the gas turbine, artificial fertilizer and other technologies…