Technologies of the Fourth Industrial Revolution are blurring the lines between the physical, digital and biological spheres of global production systems. The current pace of technological development is exerting profound changes on the way people live and work. Production activities, defined as the full chain to “source-make-deliver-consume-reintegrate” products and services, will be altered and extended in ways that are difficult to fully envisage – from origination of inputs, product design and manufacturing, to distribution, customer/consumer use and elements of the circular economy/return/reuse.
However, accurate knowledge of the value and perils that technologies can create for companies and countries is not widely diffused. Business executives, government leaders and the public would benefit from clearly understanding the current state of technology readiness and adoption, and their converging impact and value on the factory floor, as well as on firms, industries, society and the individual.
Exciting advances in the internet of things, artificial intelligence, advanced robotics, wearables and 3D printing are transforming what, where and how products are designed, manufactured, assembled, distributed, consumed, serviced after purchase, discarded and even reused. They affect and alter all end-to-end steps of the production process and, as a result, transform the products that consumers demand, the factory processes and footprints, and the management of global supply chains, in addition to industry pecking orders and countries’ access to global value chains.
Read the full whitepaper, written for World Economic Forum, to find out how the disruptive technologies are shaping the production, what are the new opportunities to create value, what are the implications for leaders and what’s the best agenda for action.
I am honored, and proud, to be one of the selected world-class Industrial IoT Expert Contributors to the World Economic Forum's White Paper "Technology and Innovation for the Future of Production: Accelerating Value Creation".
In just few years, my company has been recognized by such a prestigious institution as a competent and trusted source for Industrial IoT (IIoT) insights/perspectives, and strategic analysis.