Fourth Industrial revolution.
The industrial revolution is the process of changing the agricultural and handmade economy to modern technologies. This includes the process of adopting new technologies instead of using old technologies on a global basis. This revolution can transform the working of the whole community. The first industrial started in the 18th century in Britain, then it spread all over the world. After that, the 2nd industrial revolution started in the 19th century. The basic things changes under such revolution are technologies, social economics, and the culture of society.
We stand on the occasion where we are visiting the technological revolution, also known as the fourth industrial revolution. We can also see huge changes in technologies, economics, and culture. The technological changes include the basic use of raw materials, an invention of a new gadget, etc.
In the 4th industrial revolution, there will be a replacement of old technologies by artificial intelligence and new technologies. We will also see a new world, where humans only have to give a command and all tasks will be done easily without any intervention of humans. Marketing will be also easier for the businesses. Companies can analyze the demand for a product and then produce the product at the actual needed amount.
It is also the combination of the latest artificial intelligence(AI), genetic engineering, 3D printing, and other new technologies. We can see Google Maps suggesting the fastest route to a destination, Virtual assistants like Siri, Alexa, Google assistance, etc. Due to this, every sector is on the way to huge transformative changes.
The fourth industrial revolution includes the use of the following application:
- Blockchain: It is a secured and clear way of recording and using data, the best example of Blockchain is a digital coin like Bitcoin.
- Artificial intelligence: AI is the computer that can think like a human, they can analyze, and process information like humans and then be able to take perfect decisions like a human.
- Faster networking: Faster network in the sense of 5G network, 5G network is the new generation of mobile network technologies which able to provide speed up to 1gbps.
- 3D printing: 3D printing permits organizations to print their parts, with less tooling, at a lower cost, and quicker than old technologies. Besides, plans can be redesigned to guarantee an ideal fit.