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Industrial IoT and the Building Blocks for Industry 4.0
If you want to build something new, it helps to have new building blocks. The First Industrial Revolution came about in the late 18th century because it supplied new infrastructure — new building blocks for the economy in the form of steam power and mechanized tools, among others.The Second Industrial Revolution in the early 20th century benefited from electricity, petroleum and automation. Similarly, technologies ranging from the advent of the PC, the internet and advances in telecommunications have transformed the economy in recent decades. Although economists don’t widely agree on the use of the term “Third Industrial Revolution” to describe these advances, the impact of these technological building blocks on the economy is considerable. That’s where Industry 4.0 comes in, which promises a Fourth Industrial Revolution that leverages a series of emerging technologies.
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