"The Second Industrial Revolution took place at the beginning of the 20th century and was characterised by Taylor's concept of mass production based on the division of labour - made possible by the use of electrical power and motors." "The Third Industrial Revolution in the 1970s was once again characterised by the ongoing automation of production processes. This was made possible by the introduction of electronics and information and communication technologies into everyday production." What the Fourth Industrial Revolution, known by the buzzword Industry 4.0, entails is explained below.
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