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Lecture #1 - The Fourth Industrial Revolution

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A introduction on the role of business, and the role of stakeholders in business. What is the 1st, 2nd 3rd and 4th Industrial Revolution Purpose of business and the role of business in society Stakeholder Theory










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Uploaded on
December 30, 2024
Number of pages
5
Written in
2024/2025
Type
Class notes
Professor(s)
Neil j. pollard
Contains
Lecture #1 - the fourth industrial revolution

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Preparation

● Reading:
https://www.weforum.org/agenda/2016/01/the-fourth-industrial-re
volution-what-it-means-and-how-to-respond/
● The Fourth Industrial Revolution 2024 by Stephen Haag (Pgs. 1-12)

Videos:
● https://www.youtube.com/watch?v=bIRUaLcvPe8




Where We’ve Been . . .


Agrarian Age

● Thousands of years up until 1750s-ish
● Land was power
● Cottage industries
● Bespoke industries
● Most people lived on the land and off the land (small play on words)


First Industrial Revolution

● 1750s through 1840s-ish
● Steam and water power came along
● Mechanization
● Movement towards cities to get factory jobs


Second Industrial Revolution

● 1870s through early 20th century
● Electricity
● Steel production
● Better power grids
● Even more people in the cities

, ● Mass production: consumer goods


Third Industrial Revolution

● 1950s through today
● Microprocessor
● Computer technology
● Information processing
● The internet
● Mobile/Social



Where We’re Going . . .

The Fourth Industrial Revolution

● Internet of Things (IoT)
● Artificial Intelligence (AI)
● Extended Reality, XR (augmented, mixed, virtual)
● Distributed Ledger and Cryptocurrency
● Autonomous Vehicles
● Additive Manufacturing (3D Printing)


And Much More . . .
● Digital Twins
● Geo-Engineering
● Bio-Technology
● Neuro-Technology
● Quantum Computing
● 5G
● Drones
● Cybersecurity



4th Industrial Revolution
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