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There were several industrial revolutions in the past.
The first one was marked by a transition from hand production methods to machines through the use of steam power. The implementation of new technologies took a long time, so the period which this refers to it is between 1760 and 1820, or 1840 in Europe and the US.
The second industrial revolution which is also known as the technological revolution is took place between 1870 and 1914. Electricity, railroad and telegraph allowed faster transportation of people, ideas and information which led into great economic growth, with an increase in productivity.
The third industrial revolution took place after the end of the two big wars. It is also called digital revolution which came with significant progress in the development of communication technologies with the supercomputers.
We are living on the edge of fourth digital revolution which took place at the beginning of 21st century. It heavily affected our society and current digital trends in the such areas as
- Mobile devices
- Internet of Things (IoT) platforms
- Location detection technologies
- Advanced human-machine interfaces
- Authentication and fraud detection
- 3D printing
- Smart sensors
- Big data analytics and advanced algorithms
- Multilevel customer interaction and customer profiling
- Augmented reality/ wearables
- Fog, Edge and Cloud computing