EBRC White Paper on The Information Age

TOWARDS THE FOURTH INDUSTRIAL REVOLUTION

With total digitalisation, our civilisation is approaching the Fourth Industrial Revolution.

In Greek mythology, Prometheus has already shown the way. By stealing the sacred fire of Olympus from Hephaestus’ forge, and giving it to men, Prometheus paved the way to the development of human civilisation through the mastery of technology. By mastering fire first, humans were able to move on to metallurgy and, with metal tools, they developed agriculture.

The First Industrial Revolution arrived in Europe in the late 18 th century, brought on by steam and coal technologies. In the mid-19 th century, the Second Industrial Revolution introduced the world to the wonders of electricity. And since the end of the 20th century, the increasing development of electronics and information technologies has enabled the Third Industrial Revolution to take its course. Today, unprecedented waves are about to break on the shores of humanity.

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