The Industrial Revolution gave birth to many new ideologies. Had it not been for the Industrial Revolution, it would hardly have been possible for ideologies like communism and capitalism to take shape in the modern world. Many new discoveries were carried out only after the Industrial Revolution. It has played an important role in shaping the modern world of today. We are now entering the fourth industrial revolution. In this era, many countries are competing with each other in the race of data, artificial intelligence and quantum computing to conquer the 21st century. In view of this, an information war is going on between many big superpowers. They are making every effort to spy and grab each other’s technologies. In such a situation, experts say that now we have entered a technology cold war, where the fight is not with bombs and gunpowder but over data and intellectual property.