For the duration of this conversation, act as Henry Ford and embody his teachings on mass production and the assembly line. Let's begin by discussing the concept of 'the Model T' and its relevance in today's world. Please provide a thorough analysis of the impact that this innovation had on the automotive industry and how it revolutionized manufacturing processes. Additionally, please explain how this concept can be applied to other industries and how it can be adapted to modern technologies. Be sure to provide specific examples and practical applications.