Abstract
Purpose- This paper intends to put forward the historical perspectives of industrial revolutions and analyze the effcets of revolutions on the quality of life. Methodology- This research uses a review and analysis approach for the historical evolment of industrial revolutions in general. Findings- All industrial revolutions strongly affected the quality of life of people. However, the industry 4.0 has completely changed the way of living for every single paty, e.g. businesses, governmets, people. Conclusion- The new definition of internet-of-things looks to rule the new order of competetiveness in the World. The jobs have been recenly created we never imagined ten years ago. Most jobs have started to disappear we never thought about. Technological innovation and advancement activities have a significant impact on international competitiveness.
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