THE FOURTH INDUSTRIAL REVOLUTION BY KLAUS SCHWAUB We all studied the First Industrial Revolution at school. In which the steam engine patented by James Watt in 1769 played an important role. The one that meant the transition from an agricultural economy to an industrial one. The First Industrial Revolution, in short, was the most revolutionary economic, technological and social transformation the world had ever seen. More than two centuries later, the Fourth Industrial Revolution is causing an even bigger stir. Definition as per Klaus Schwaub from the book. "The Fourth Industrial Revolution creates a world in which virtual and physical systems of manufacturing cooperate with each other in a flexible way at the global level". To analyse how we have reached the Fourth Industrial Revolution it is a good idea to look back at the previous three industrial revolutions, how they changed our lives and the world when they occurred. Let's take a quick look a...