As of 2017, magnetic storage media, primarily hard disks, are widely used to store computer data as well as audio and video signals. In the field of computing, the term magnetic storage is preferred and in the field of audio and video production, the term magnetic recording is more commonly used.
The development of the spinning machine by Sir Richard Arkwright in England led directly to the rise of the Industrial Revolution, and a new world of manufactured products.
The Second Industrial Revolution, also known as the Technological Revolution, was a phase larger phase of industrialization based on more advanced technology that followed the initial wave of technologies and industries of the Industrial Revolution.y 1900, the leaders in industrial production was Britain with 24% of the world total, followed by the US (19%), Germany (13%), Russia (9%) and France (7%). Europe together accounted for 62%. The great inventions and innovations of the Second Industrial Revolution are part of our modern life.