The First Industrial Revolution, Second Industrial Revolution, and Impending Third Industrial Revolution

Third-Industrial-RevolutionIndustrial revolutions require 3 key components to occur, 3 defining technologies which emerge and converge to create the catalyst needed to usher in a new era of human achievement and progress. The first component is new methods of communication technologies to make communication more efficient and to manage economic and social life (e.g. video conferencing), the second is new sources of energy to more efficiently power economic and social life as well as governance (e.g. renewable energy technologies), and the third is new modes of mobility and logistics to more efficiently move economic and social life as well as governance (e.g. on demand ride sharing). The First Industrial Revolution was caused by the discovery of a new source of energy; coal. Coal powered the new communications medium, the steam powered press, and a new logistics structure via the locomotive railway. When these 3 technologies converged, much of the world (e.g. the whole of Europe) changed seemingly overnight. As a direct consequence of the First Industrial Revolution, business models moved toward market capitalism and major city hubs began developing ushering in the modern world format. The Second Industrial Revolution occurred in the U.S. during the late 19th and early 20th century with the advent of the telephone in the late 19th century, and the advent of radio and television in the early and mid 20th century. At approximately the same time that the telephone and telecommunications networks were being developed, the U.S found a new source of energy which was oil in Texas, United States of America. Henry Ford compounded this discovery by producing a cost effective combustion engine, powered by oil which provided new logistics and mobility technology. The Second Industrial Revolution however is now fading away due to the impact it has had upon the Earth’s climate and humanity is now upon the precipice of a Third Industrial Revolution. The internet has become the new communication medium, millions of people are now adopting renewable energy (e.g. solar, wind, geothermal etc.) and it is predicted that when autonomous vehicles connect to smart roads, the last piece of this puzzle will be complete, thrusting humanity into its 3rd epic epoch

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