The document discusses the four industrial revolutions: 1) The first began in the late 1700s centered around mechanization, factories, and mass production. 2) The second from 1870-1914 expanded electricity, petroleum, and steel. 3) The third in the mid-1970s brought personal computing power. 4) The fourth has just started and is centered around communication technology. It then defines digitization as converting physical information to digital, and digitalization as leveraging digitization to improve business processes. Finally, it provides an overview of K-IMS as a fleet management solution that gives a single view of vessel systems and empowers decision making through information sharing.