Innovation in Public Service for Smart Bangladesh

The industrial revolution is the re-organization of labor and production. The process started around 1784 in the UK, which was first called “the great machine,” but history has had many waves. Each wave changed almost everything that a person could own: they could move goods more considerable distances faster, cheaper transportation became more manageable (for example, railroads), more products became available at stores or markets all over the world, use of machinery per manufacturing took. Let’s explore all about the 4IR in Bangladesh.

The 4th Industrial Revolution, which includes developments in computers and artificial intelligence, robotics, and the Internet of Things, also changes productivity.

Experts worldwide consider it revolutionary unprecedentedly, as there has been nothing before like this rise in technology. It is said that by 2030, we could have nanobots walking around us destroying cancer cells at will – or saving us from malfunctioning prosthetics. By 2040 or 2050, machines can learn faster and correct malfunctions, another revolutionary concept.

Industrial Revolution 4 is a revolution in how we make things and how work gets done, which is the essence of the Fourth Industrial Revolution. Not everything will change because robots will work (labor costs have been steadily rising since 2007 ). However, there are expected to be significant changes due to technology implementation.

The Fourth Industrial RevolutionTHE FOURTH INDUSTRIAL REVOLUTION DESCRIBES THE MERGING OF TECHNOLOGIES, FROM AI AND ROBOTICS TO 3D PRINTING. THIS REVOLUTION HAS RAMIFICATIONS FOR DIFFERENT INDUSTRIES AND HAS BROUGHT ABOUT NEW WAYS OF LIVING IN MODERN SOCIETY.AS TECHNOLOGY ADVANCES, WE SEE MANY CHANGES TAKING PLACE IN OUR LIVES, WHETHER IT’S SMALLER DEVICES OR IMPROVING HEALTHCARE TECHNOLOGIES. THE FOURTH INDUSTRIAL REVOLUTION WILL CONTINUE THESE TRENDS WITH THREE SPECIFIC CHANGES: ARTIFICIAL INTELLIGENCE BECOMING MORE ADVANCED EVERY DAY;When was the 4th industrial revolution?

The 4th industrial revolution is estimated to occur in 20-30 years. In simple terms, the upheaval of this event will be an unprecedented change in our society, having a tremendous impact on all levels of life. In addition, this 4th industrial revolution may dramatically affect localities, with each community impacted differently depending on their flexibility and ability to adapt quickly to meet the changes.

What are the four industrial revolutions?The first Industrial Revolution 1784

The first Industrial Revolution was when Western society underwent profound changes brought about by inventions and innovations from the eighteenth century to the beginning of the twentieth century.

The Industrial Revolution ultimately centered on technological advancements and new ways of production. Recent technological breakthroughs included:

• Steel production.
• Canned, processed food.
• Steam power.
• The textile loom.
• The spinning jenny.
• Horse-driven machines for weaving.

Shipbuilding also became important during this era.

 The Industrial Revolution was linear, but it also had DINOs like China and India. They took care of themselves as developing economies for longer than developed countries did during this time. After the industrial revolution ended, the Chinese services sector grew at around 9% per year from 1997-2005 until 2008-09, when they began declining due to the hardly growing period after 1989. They have now grown faster again than any other country over that.

The Industrial Revolution 1.0 occurred in the 18th century when steam power and mechanization of production were invented. The mechanized version, which had previously produced threads in essential spinning wheels, was 8 times the volume. Steam power got wide adoption for industrial purposes, and it was the most remarkable breakthrough for expanding human productivity. 

The steam-powered locomotive can transport humans across long distances in fewer than an hour. People could now travel faster without the use of horses.

The Second Industrial Revolution 1870

The Industrial Revolution 2.0 was a significant change in the socio-economic landscape that emerged in Britain and France in the mid-19th century. The new economy focused on mass production with machines powered by coal and steam, such as George Stephenson’s railway engine. It resulted in cities populated by wealthy industrialists, who owned most of the nation’s means of production. As farm prices crashed during this time, farmers could not afford to exert as much labor over growing earth. It resulted in a rural proletariat, led by radical agrarian political movements such as Pankhursts and Chartists, who effectively opposed capitalism while urging workers to unite against their plight.

The economy was highly affected by the Industrial Revolution because it allowed Britain’s manufacturing industry not only to grow but create whole new industries.

They had never seen before, like steel bars, jute fibers, and even soft drinks, which were unheard of worldwide [ before industrialization]. Even though they may be incredible discoveries, there was a considerable effect on them. It nearly wholly changed some major global economies like agriculture, land usage, jobs, etc., due to this new type of ways people had been living their life. The role America played during this era is crucial as it created its style economy not too far from Britain’s, which helped save them both a few times, as Britain still can teach America some things that it could learn. The American economy at this time mainly consisted of the Civil War when in 1831s and 1830s, northern manufacturing manufacture left the New England States to create factories closer to water transportation, thus improving workers productivity while gaining an edge over those who lived inland before industrialization today due to their availability of factory supplies like carts, machines which would grow exponentially better leading up into the 20th

The Second Industrial Revolution discovered electricity, and assembly line production sparked in the nineteenth century. Henry Ford of Ford Motor Company spearheaded the concept of mass production from a slaughterhouse in Chicago, where the pigs were hung from conveyor belts, and each butcher only did a portion of the job of butchering the animal. Mr. Ford applied these principles in automobile production. He significantly changed it in the process, which was considerably quicker and cost less—as a result, it allowed society to operate quickly and effectively.

The third Industrial Revolution in 1969

The third Industrial Revolution in 1969 was a turning point in the history of technology, which is often referred to as the “information revolution.” This revolution saw industrial production shift its sights from mass manufacture to mass customization. It also led to rapid improvements in living standards worldwide and marked the beginning of many complex processes that are now part of mainstream life.

Technology shifted from waging war on things or creating goods for mass consumers towards personalization in the consumer goods industry. It is often referred to as “productivity growth by automation.”

Personalized production and delivery enabled faster, more efficient food markets that could reduce prices large enough for a mass audience. Moreover, it ensured to profit from agricultural improvements like crop rotation and farm equipment which created some small farms today if this was unknown. These examples made agriculture smaller, thus better while creating more significant consumers due to domestic and international booming demand thanks to industrialized methods.

In the twentieth century, the Third Industrial Revolution occurred in the 1960s, with part automation, which entails employing memory-programmable controls and computers to finish an entire production without human assistance. It was the early computer era where computers used to be essential and extremely large compared to the computing power they could provide. This phase incorporated Information Technology (IT) and electronics to further automation in production. They laid the groundwork for a world still in the first stages. Again, this phase centered on Information Technology (IT) and electronics to increase automation in production.

When was the 4th industrial revolution?

The 4th industrial revolution is an ongoing period of change driven by technological innovation and the rapid growth of digital technologies. This period is characterized by new technologies such as robotics, artificial intelligence, 3D printing, nanotechnology, biotechnology, and quantum computing, altering how people work and live. Therefore, the phenomenon has also been referred to as Industry 4.

The 4IR in Bangladesh

The 4th Industrial Revolution will transform many industries, the most prominent of which is the Automotive sector. But what does this mean for Bangladesh? Will Automakers decide to move production outside of Bangladesh in search of a lower overall cost? Or, will Bangladesh’s workforce be skilled enough to transition into an emerging industry that requires more automation and less revenue at the expense of labor and low digital skills? 

The 4th Industrial Revolution is an ongoing process that is transforming the way we live and work. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, and impacting all aspects of society. In Bangladesh, the 4th Industrial Revolution has led to increased productivity in the manufacturing sector, as well as new opportunities for entrepreneurs.

It has also brought challenges, such as rising inequality and job loss due to automation. The government is working to ensure that everyone can benefit from the 4th Industrial Revolution, through initiatives such as Skill Development for Industry 4.0.

The fourth industrial revolution is transforming the way we live, work and communicate. It is defined by a fusion of technologies that are blurring the lines between the physical, digital and biological worlds. In Bangladesh, the fourth industrial revolution is well underway.

The country has made great strides in recent years in terms of economic development and poverty reduction. Between 2010 and 2016, Bangladesh’s economy grew at an average annual rate of 6.5%. This growth was driven by a number of factors, including strong domestic demand, favorable demographics, sound macroeconomic policies and increasing integration into global value chains.

As Bangladesh continues to develop, it is poised to reap further benefits from the fourth industrial revolution. The country has a large young population that is increasingly connected to the internet and mobile phones. Moreover, Bangladeshi businesses are starting to adopt new technologies such as artificial intelligence (AI) and 3D printing.

These trends suggest that Bangladesh is well-positioned to take advantage of the opportunities presented by the fourth industrial revolution. In order to fully benefit from the Fourth Industrial Revolution, Bangladesh will need to invest in education and skills development for its citizens. Additionally, policymakers will need to create an enabling environment for businesses to innovate and adopt new technologies.