{"id":17997,"date":"2020-11-16T18:18:00","date_gmt":"2020-11-16T22:18:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=17997"},"modified":"2020-11-22T22:08:02","modified_gmt":"2020-11-23T02:08:02","slug":"5th-industrial-revolution","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/5th-industrial-revolution\/","title":{"rendered":"The 5th Industrial Revolution: Telecommunications"},"content":{"rendered":"\n<p>What was the 5th <a href=\"https:\/\/www.shortform.com\/blog\/what-caused-the-industrial-revolution\/\">industrial revolution<\/a>? How did this revolution happen, and what technologies were developed to begin this revolution? <\/p>\n\n\n\n<p>The 5th industrial revolution was when new information and telecommunications technologies were developed. These new technologies led to the age of the internet and change the landscape of the economy. <\/p>\n\n\n\n<p>Read more about the 5th industrial revolution, also known as the <a href=\"https:\/\/www.shortform.com\/blog\/information-age\/\">age of information<\/a> and telecommunications, and how it changed the world and the economic landscape. <\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\">5th Industrial Revolution: <strong>Age of Information and Telecommunications &#8211; 1971<\/strong><\/h2>\n\n\n\n<p>The 5th industrial revolution was shepherded in during the 1970s with the invention of cheap electronics and new technologies in telecommunication.<\/p>\n\n\n\n<p><strong>New technologies and industries<\/strong> <strong>of the <a href=\"https:\/\/www.shortform.com\/blog\/the-fifth-industrial-revolution\/\">fifth industrial revolution<\/a><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Cheap microelectronics<\/li><li>Computers, software<\/li><li>Telecommunications<\/li><li>Control instruments<\/li><\/ul>\n\n\n\n<p><strong>New or redefined infrastructures of the digital technology revolution<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>World digital telecommunications<\/li><li>Internet and e-services<\/li><li>Electronic mail<\/li><li>High-speed physical transport links<\/li><\/ul>\n\n\n\n<p><strong>\u201cCommon-sense\u201d <a href=\"https:\/\/www.shortform.com\/blog\/innovation-principles\/\">innovation principles<\/a> of the fifth industrial revolution<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Decentralized network structures<\/li><li>Knowledge as capital &#8211; intangible value added<\/li><li>Heterogeneity, diversity<\/li><li>Segmentation of markets, proliferation of niches<\/li><li>Personalization and customization, anti-mass market<\/li><li>Economies of scope and specialization, combined with scale<\/li><li>Globalization, interaction between global and local<\/li><li>Instant global contact<\/li><\/ul>\n\n\n\n<p>Shortform note: the transition between the previous technological revolution of mass production and the current one of information technology may be the most familiar to readers, so it\u2019s worth elaborating on this as we talk about the digital technology revolution or the information technology revolution.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.shortform.com\/blog\/core-message\/\">key point<\/a> of the book is that <a href=\"https:\/\/www.shortform.com\/blog\/technological-revolutions\/\">the technological revolution<\/a> not only shapes the economy but also social mindsets. In this case, information technology allowed distribution at zero marginal cost, which allowed for the proliferation of niches and emphasis on diversity.<\/p>\n\n\n\n<p>In the past, distribution used to cost a lot of money &#8211; newspapers had to be printed, retail stores needed rent. Thus producers benefited from large <a href=\"https:\/\/www.shortform.com\/blog\/advantages-of-economies-of-scale\/\">economies of scale<\/a>, encouraging homogenization of consumption.<\/p>\n\n\n\n<p>The internet made distribution nearly free, reduced startup costs, and enabled discoverability. Thus niches could thrive without needing mass economies of scale. In turn, this developed into a general social acceptance of diversity and individuality. And thus technology shapes society, particularly in the information technology revolution. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>What was the 5th industrial revolution? How did this revolution happen, and what technologies were developed to begin this revolution? The 5th industrial revolution was when new information and telecommunications technologies were developed. These new technologies led to the age of the internet and change the landscape of the economy. Read more about the 5th industrial revolution, also known as the age of information and telecommunications, and how it changed the world and the economic landscape.<\/p>\n","protected":false},"author":5,"featured_media":18142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45,39],"tags":[152],"class_list":["post-17997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-history","tag-technological-revolutions","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The 5th Industrial Revolution: Telecommunications - Shortform Books<\/title>\n<meta name=\"description\" content=\"What was the 5th industrial revolution? The digital and telecommunications revolution brought in the age of IT and communications.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shortform.com\/blog\/5th-industrial-revolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 5th Industrial Revolution: Telecommunications\" \/>\n<meta property=\"og:description\" content=\"What was the 5th industrial revolution? 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