By Edward Lim
It’s been a long time coming but the next industrial evolution, dubbed the Fourth Industrial Revolution is nearly, if not already here.
Each revolution since the first led by water and steam power used to mechanise production in 1784 has been driven by technology in various forms. The Second Industrial Revolution leveraged electric power for mass production while the Third Industrial Revolution used electronics and information technology to automate production.
The next revolution builds on an increasingly digital economy and the fusion of various technologies, including the Internet, which is shaping the way people live, work, play, and relate to one another.