The Third Industrial Revolution: A Brief Description and Timeline

The Third Industrial Revolution, or the Digital Revolution, started in the late 1900s. The spread of automation and digitization through the use of electronics and computers, the invention of the Internet, and the discovery of nuclear energy are its characteristics. During this time, entering new technologies like computers to automate industrial processes grew fast. Improvements in telecommunications made globalization possible. In turn, this made it possible for companies to move their production to low-cost economies. It also changed business models all over the world.

The Third Industrial Revolution Characteristics

The 5 pillars of the Third Industrial Revolution are:

Changing To Green Energy

The first pillar of the 3rd Industrial Revolution is use of renewable energy sources. Sources like solar, wind, hydro, geothermal, ocean waves, and biomass. 

Even though these energies only make up a small part of the world's energy mix, they are growing fast. Governments are setting goals and benchmarks for their widespread use in the market. Even though they aren't cost-effective or useful to a wide range of people.

Their falling costs make them more competitive in a political climate. They are due to government tax funding to hide costs. That is why everybody is focused on believing in green.

Buildings That Generate Power

New technological advances make it possible to design and build modern buildings. These buildings create all their own energy from available renewable energy sources. This means that we can now think of buildings as the "power plants" of the future.

The commercial and economical implications for the real estate industry, Europe, and the rest of the world are massive and far-reaching. 

In 25 years, there will be millions of homes, offices, shopping malls, and industrial and technology parks. These buildings will be both "power plants" and places to live. 

They will get energy from the sun, wind, garbage, agricultural and forestry waste, ocean waves and tides, hydro, and geothermal sources. They will make enough energy to meet their own power needs and have extra that can be shared.

Hydrogen and Other Technologies For Storing Energy

They will store energy that comes and goes in every building and all over the infrastructure. To get the most out of renewable energy and keep costs down, we will need to find ways to store it. so that we can turn the intermittent supplies of these energy sources into stable assets. 

Batteries, different water pumps, and other media can only store a limited amount of energy. But there is one storage medium that is easy to find and can work pretty well. Hydrogen is the universal medium that "stores" all forms of renewable energy.

It will make sure that a stable and reliable supply is available for power generation and transportation.

Technology For Smart Grids

Using Internet technology to turn each continent's power grid into an intergrid that shares energy and works like the Internet. Power companies in Europe are now testing a new way to set up the world's power grid. It works like the internet and lets businesses and homes generate their own energy and share it with each other. 

The new smart grids, or intergrids, will change how electricity is made and sent to homes and businesses. Millions of homes, offices, and factories will be changed or built to be "positive power plants". They can capture local renewable energy.

Energy like solar, wind, geothermal, biomass, hydro, and ocean waves to create electricity for the buildings. It can share the extra power with others through smart intergrids. Like now that we can make our own data and share it with each other over the Internet.

Plug-in, Electric, Hybrid, And Fuel Cell-powered Vehicles

changing the transportation fleet to electric, plug-in, and fuel cell vehicles. They can buy and sell electricity on a smart continental interactive power grid. The renewable energy we use to power our buildings will also be used to power plug-in electric cars or to make hydrogen for fuel cell cars.

In turn, the electric plug-in cars will also work as portable power plants that can sell power back to the main grid. If these pillars could live up to their "promises," they would make up an inseparable technological platform. 

A system whose properties and functions are different from the sum of its parts. When the pillars work together, they create a new economic paradigm that can change the world.

Timeline highlights

• 1969. The Advanced Research Projects Agency Network (APARNET) of the US Department of Defense creates many of the protocols. They are still used for internet communication today.

• 1972. the Japanese Waseda University finishes the WABOT-1 project. It is the first full-size intelligent humanoid robot in the world.

• 1973. Innovators created the Ethernet the first way for computer systems to share information.

• 1974. Telenetmakes the first Internet Service Provider (ISP) possible. It was a commercial version of APARNET.

• 1983. Innovators standardized Ethernet this year. The Domain Name System (DNS) gives websites names like.edu,.gov,.com,.org, and.net.

• 1984. Cyberspace is first used by William Gibson, who wrote the cyberpunk novel Neuromancer.

• 1986. Personal Computers are linked to Programmable Logic Controllers (PLCs) (PCs)

• 1989. Tim Berners-Lee created the HTML language. He was a scientist at the European Organization for Nuclear Research (CERN). It makes the World Wide Web public.

• 1990. John Romkey makes the first IoT device: a toaster that could be turned on and off over the Internet.

• 1991. Tim Berners-Lee makes the first "web page."

• 1992. The first audio and video files were sent over the Internet in this year. Connectivity is added to PLCs.

• 1993. The White House and the UN both went online in 1993.

• 1995. Amazon, Craigslist, and eBay all went live in this year. Most of the work is done on turning the Internet into a business.

• 1997. Wireless M2M technology is used in industrial settings by 1997.

• 1998. Google's search engine comes out and changes the way people use the Internet. In industrial settings, Ethernet is becoming more popular.

• 1999. Kevin Ashton came up with the term "Internet of Things" in 1999.

• 2000. A large-scale DDoS attack on Yahoo! and eBay in 2000 shows how vulnerable the Internet is.

• 2002. With the launch of Amazon Web Services in 2002, cloud technology became popular (AWS).

• 2004. The social media era starts in 2004 when Facebook goes live.

• 2005. This year, Roger Mougalas of O'Reilly Media came up with the term "Big Data."

• 2006. AOL changes the way it does business by making most of its services free and relying on ads to make money.

• 2008. a group of companies started the IPSO Alliance to promote the use of Internet Protocol (IP). they used it in networks of "smart objects" and to make the Internet of Things possible. Satoshi Nakamoto's whitepaper Bitcoin tells the world about blockchain. It was a peer-to-peer electronic cash system. It was the first cryptocurrency ever made.

• Between 2008 and 2009. According to Cisco, more "things or objects" were connected to the Internet than people. This is when the IoT was "born." 

You can also read the following article to get more familiar with Industrial Revolution:

Industrial revolutuion in UAE (C4IR UAE)

An Introduction to The Industrial Revolution

Fourth Industrial Revolution: Key Features, Components, Trends, and Challenges

Industrial Revolution-The Ultimate Guide to This Game-Changing Period