It might be best to define both. As a revolution in western European culture, the Renaissance pales in global impact compared to the global social and economic transformation unleashed by rapid industrial growth from the 1780s onward. But as a wider development incorporating scientific advance and the Age of Exploration, it left a global legacy. I'd still rate the later transformation the more sweeping: the world of 1550 still retained much in common with that of 1450 despite Europe's new geographical, intellectual and cultural horizons, but that of 1900 was radically different to a century earlier, with more dramatic change to come, still driven by industrial (and agricultural) innovation. But industrialisation itself wouldn't have happened how and when it did without at least the economic changes of the earlier period or intervening centuries.