Industrial Revolution, what is it really?
We often hear the word IR4.0 and the need for organizations to embrace technology adaptation. In Malaysia, it is much talked about in the past 5 years and especially now with the impact of Covid-19. The truth is the industrial revolution is not new and has been evolving since the 1680's.
Here is the background summary to what this is:
1. Ind 1.0 - In the late 18th century, the introduction of mechanical production facilities to the world was made. Water and steam powered machines were developed to help workers in the mass production of goods. The first weaving loom was introduced in 1784.
2. Ind 2.0 - The Second revolution took place when the use of electric power was made to create mass production. A level higher to eliminate hard labor.
3. Ind 3.0 - During the third revolution, electronics and information technology were used to automate production. This phase was the actual transformation phase where industries began to optimize multi resources and bloom worldwide.
4. Ind 4.0 - And now the fourth industrial revolution is building on the third, where digital technology, IoT (internet of Things), AI (artificial intelligence) and Robotics is being used in industries across the entire supply chain. This has been occurring since the middle of the last century accross the Western and selected Eastern countries.
What does that mean to us?
Well, the industrial revolution post World War 2 has transformed our organizations to be faster, leaner and technology driven. Companies need to evolve and be part of these changes to remain competitive and relevant. That's why we invest in technology and train our workforce to assimilate into these transformation and be ready for future of digital workplace.
To learn more about Industrial Revolution 4.0, Design Thinking, VUCA and Change Management workshops, email your inquiries to: services@museasia.biz
