The industrial revolution has transformed people’s patterns of work, lifestyles and living standards to a whole new level by shaping the basic way of life of societies. Although industrialization led to stronger economies, it also changed people’s lives. It was the basis of many drastic changes. The process of urbanization is a critical element to explore. People left the country to move to the city to work because more jobs were available in the cities as factories grew. The family structure also had significant changes. People would move more often. Women and children would also work and cause problems at home.
The industrialization also caused great health concerns. Safety was the problem of noise, pollution, dangerous machinery and unreasonable bosses. The idea of job alienation changed traditional work tools. Hard work, nature and pride did not exist anymore as thoughtless robotic work gained the upper hand. Workers were wage slaves who were paid very poorly for long hours. The days with the seasons that dictated working hours were over. Industrialization was a new era of time that changed society so much that a culture of change was pressing for the individual.
However, the fourth industrial revolution will have a big impact on the business world. Development and prosperity rest on four platforms: customer expectations, product improvements, collaborative innovations and organizational forms with help of global IT providers. Customers will be the epicenter of the business. The increasing digital transparency in the business world will lead to a big change in the world of customer experiences, data-driven services, and asset performance. The rise of new global niches and business models will definitely require a revision and replacement of existing talents, culture, and organizational forms. Business leaders need to understand their changing environment, challenge the assumptions of their operational teams, and tirelessly and continuously innovate to be in the changing league.
The recent development in blockchain has encouraged the people and organizations that are related to various financial activities, directly or indirectly. You should also feel the pleasure by the recent report of World Economic Forum that claims that 10 percent of the world’s GDP would be stored on various block chains or the blockchain technology. This claim is not a joke, and that is why everyone involved in such a business must consider this claim seriously. However, people all around the world are still not fully aware of the terms, and they still require some idea as to what this technology does.
Electric vehicles (EVs) have become one of the most popular vehicles that people are buying nowadays. It is just perfectly a good substitute of a cycle, auto-rickshaw or any kind of automotive food – chain. EVs are not only become popular in urban areas but it has also gained the same importance in the rural areas. EVs on each passing days are grabbing more attention not only the buyers but also the manufacturers are introducing new functions which can be associated with the EVs for better performance. It’s not only about the battery operated cars but also battery operated rickshaw is much hype. The reason is simply that not only it is a cost-effective business for the manufacturers but also it is eco- friendly.
The concept behind the smart home is that an automation system is capable of operating systems around the house. The variety of possible options is considerable and includes environmental systems (lighting, heating, air conditioning, etc.), entertainment systems, individual appliances and home security systems. If you want to have a truly energy-efficient home in the 21st century, you should at least think about making it a smart home. An intelligent home uses advanced technology to monitor and reduce energy consumption at home. Although there are some people who purposely build smart homes, the majority of Americans still do not make that investment. Nonetheless, even the average American begins to implement smart energy-saving technology, and eventually, the whole house will take over and become a way of life. In other words, smart homes are gradually sneaking in on the average homeowner.
Cleantech is a generic term for a group of emerging
found in various industries such as energy, water, manufacturing, advanced materials, and transportation. The most common example of cleantech would be the use of solar energy, water filtration, industrial process control and hybrid electric vehicles. Cleantech is also a second-generation improvement over the green technologies, as it not only protects the environment but is also cost-effective, driven by the market and attracts venture capital funds. The commercial point of view is an integral part of this benign technology, which is a sure factor in its growth.