It has been said that the Industrial Revolution was the most profound revolution in human history, because of its sweeping impact on people's daily lives. The term "industrial revolution" is a succinct catchphrase to describe a historical period, starting in 18th-century Great Britain, where the pace of change appeared to speed up. This acceleration in the processes of technical innovation brought about an array of new tools and machines. It also involved more subtle practical improvements in various fields affecting labour, production, and resource use. The word "technology" (which derives from the Greek word techne, meaning art or craft) encompasses both of these dimensions of innovation. The technological revolution, and that sense of ever-quickening change, began much earlier than the 18th century and has continued all the way to the present day. Perhaps what was most unique about the Industrial Revolution was its merger of technology with industry. Key inventions and innovations served to shape virtually every existing sector of human activity along industrial lines, while also creating many new industries 1. What does it mean by Industry Revolution 4.0? 2. Explain TWO (2) challenges and opportunities of Industry Revolution 4.0 3. Discuss FIVE (5) impacts of the Industry Revolution 4.0 on business.
It has been said that the Industrial Revolution was the most profound revolution in human history, because of its sweeping impact on people's daily lives. The term "industrial revolution" is a succinct catchphrase to describe a historical period, starting in 18th-century Great Britain, where the pace of change appeared to speed up. This acceleration in the processes of technical innovation brought about an array of new tools and machines. It also involved more subtle practical improvements in various fields affecting labour, production, and resource use. The word "technology" (which derives from the Greek word techne, meaning art or craft) encompasses both of these dimensions of innovation. The technological revolution, and that sense of ever-quickening change, began much earlier than the 18th century and has continued all the way to the present day. Perhaps what was most unique about the Industrial Revolution was its merger of technology with industry. Key inventions and innovations served to shape virtually every existing sector of human activity along industrial lines, while also creating many new industries 1. What does it mean by Industry Revolution 4.0? 2. Explain TWO (2) challenges and opportunities of Industry Revolution 4.0 3. Discuss FIVE (5) impacts of the Industry Revolution 4.0 on business.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Transcribed Image Text:Industry Revolution 4.0
It has been said that the Industrial Revolution was the most profound revolution in human
history, because of its sweeping impact on people's daily lives. The term "industrial revolution"
is a succinct catchphrase to describe a historical period, starting in 18th-century Great Britain,
where the pace of change appeared to speed up. This acceleration in the processes of
technical innovation brought about an array of new tools and machines. It also involved more
subtle practical improvements in various fields affecting labour, production, and resource use.
The word "technology" (which derives from the Greek word techne, meaning art or craft)
encompasses both of these dimensions of innovation.
The technological revolution, and that sense of ever-quickening change, began much earlier
than the 18th century and has continued all the way to the present day. Perhaps what was
most unique about the Industrial Revolution was its merger of technology with industry. Key
inventions and innovations served to shape virtually every existing sector of human activity
along industrial lines, while also creating many new industries
1. What does it mean by Industry Revolution 4.0?
2. Explain TWO (2) challenges and opportunities of Industry Revolution 4.0
3. Discuss FIVE (5) impacts of the Industry Revolution 4.0 on business.
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