The world is currently in the fourth phase of the industrial revolution. For the people who are unfamiliar with the past three as well, here is a small rundown of how things changed from agricultural, humble beginnings to the most thriving, technologically advanced species that has ever lived. There are four episodes that changed the world.
The first revolution came with the invention of the steam engine. The generation of mechanical energy was the first breakthrough and the pioneering invention of the modern world. It is true that the world did not/will not run on steam engines but the technological research avenues it opened are the reasons why we have come this far. The textile industry thrived, iron manufacturing was discovered. The precise end of this revolution is still debatable.
The second industrial revolution was when we harnessed nature to make electricity. The steam engines were rendered obsolete. The machines that were built were lightning fast. They were driven by something we had been fascinated about for centuries. Electrical power and telephones, the highlights of this era, made the world to come close, closer than it had ever been. Foundations of huge businesses were set up, railroads, water, gas and sewage systems were built. Manufacturing in bulk started because we discovered ways to make steel. The second revolution continued until World War I.
Third Industrial Revolution is the digitalization of everything. Mechanical and analog systems were replaced by digital computers that could perform digital operations. The task of tens could be done by a single computer in mere seconds. Digital communication and new, faster communication technologies brought the world together too close for the comfort of some even. Technology wrapped itself around every known shred of human activity. Communication, working, social and/or private life, all were changed. Convenience and luxury became the top priorities, followed by or may be overshadowed by the pursuit of money.
Now it is all going simmering up again. We are entering the fourth era of industrialization. This is the age where reality itself is tinkered with. We have created processes like Artificial Intelligence, Internet of Things (IoT), robots straight out of sci-fi novels, autonomous vehicles (Waymo, GM Cruise, Ago AI), 3-D printing, nanotechnology, breakthroughs in biotechnology, materials science, energy storage, quantum computing, extraterrestrial exploration and much much more. Concepts like Virtual Reality and Mixed Reality are being acted on as we speak. Arguably, this is the beginning of the fourth leap in industrialization.
To host the possibilities and potential of these revolutionary technologies, the IT world has been evolving right with scientific theory. To capitalize and utilize this potential, software like Dynamics 365 now includes elements from these concepts.
Dynamics 365 and Dynamics GP partner in UAE has built-in AI support through Microsoft which provides business intelligent advice to the user. The real-time ongoing operations diverge as a stream through the software and the collected data is then used by AI to provide visual feeds of the operations in real-time. Similarly, IoT telemetry (collecting and receiving data from data collection systems) can be applied to business actions and then fed to intelligent systems to generate Intel.
It is critical to have strong foundations and systems that can handle the brunt of the ever-changing, rapid technology advancements. Dynamics 365 provides the capability of Remote Assist which uses Mixed Reality to support remote functions and troubleshooting through handsfree, heads up communication.
Microsoft Dynamics 365 is leading the market with its unmatched ERP and CRM solutions and has captured a huge share of the business market. The addition of the fourth industrial revolution elements will push this success even further.