What to Expect from the New Industrial Revolution?

The first industrial revolution happened when manual production was replaced with steam engines. At that moment the most difficult tasks in production were eliminated. The biggest changes occurred in the textile industry in production lines. With that, as independent research scientist Oded Kariti explains, the living conditions were improved, and companies developed much faster.

New Industrial Revolution Oded KaritiThe Second Industrial Revolution or the technological revolution as Oded Kariti calls is, had introduced mass production, but the most important invention was electrical power. Railways, telegraphs, electricity grids, planes, and many more appeared at that period. The expansion of rail caused mobility of people and led to the emergence of the first globalization.

The Third Industrial Revolution or digital revolution began with the automation of production processes and the use of computers and new technologies. This ongoing revolution is known for transitioning from analog and mechanical technologies in digital technology.

Digital technology has changed, and will continue to change the landscape of business, education, entertainment and public administration. In the last few years we have witnessed some breathtaking changes, and the pace is only accelerating as extensive changes occur at individual, social and organizational level. Oded Kariti is an esteemed scientist and regular speaker on this subject. In his opinion, digital technology, as well as new business models and strategies that are guided by it, will continue to have a significant impact on most organizations, increasing its intensity.

Revolution in production has never happened overnight, but the digital revolution is already taking place. Experts like Oded Kariti are already working on number of transformative researches in the fields of biological sciences and nanotechnology that could eventually create entirely new industries, like producing batteries of viruses. Additive manufacturing, as well as any other digital product, has become not only cheaper but also more efficient. Currently, 3D printers produce products one by one in small batches. But if 3D printers could work in a continuous process, like the laboratory machines for producing medicine, then they can be used for mass production. Such production lines can be used to produce items that are too big to fit into existing 3D printers, and because these machines are digitally controlled, different products can be produced on each platform, enabling mass customization. This will allow technology to further progresses.

What to Expect from the New Industrial Revolution?

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