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Articles by Steve Pillsbury
The pros and cons of Fourth Industrial Revolution technology
Like the electricity we take for granted, the Fourth Industrial Revolution (4IR) is permeating all facets of our lives. We may not realise it, but 4IR encompasses many of our digitally connected products and services, as well as advances in smart factories and cities, and the ever-increasing level of automation in our homes and offices.
Digital Champions
Illustration by Patrick Hruby Most manufacturers, energy companies, and raw materials providers know they face a strategic challenge. Industry 4.0 is coming. Dubbed the “fourth industrial revolution” by World Economic Forum founder Klaus Schwab, this orchestrated system of digital advancement has also been referred to as an industrial renaissance (see “A Strategist’s Guide to Industry 4.0,” by Reinhard Geissbauer, Jesper Vedsø, and Stefan Schrauf, s+b, May 9, 2016).
Report: Industrial Manufacturing Trends Pt. 2
Of course, new investments alone aren’t enough. Industrial manufacturers need additional skills as well; they must figure out how to manage a superabundance of new data so that it becomes useful and not overwhelming; adapt technology to run their own supply chains and operations more seamlessly; monetize digitization; find talent adept at industrial software programming and analytics; and build strategic partnerships that won’t compete for market share.
Report: Industrial Manufacturing Trends Pt. 1
Industrial manufacturers inhabit a world littered with uneasiness. Global demand for manufactured products is growing at a snail’s pace. Output is expected to increase just 3.1 percent in 2016 and 3.4 percent in 2017, according to the International Monetary Fund. Growth is dampened by Brexit concerns and political uncertainties.
2017 Industrial Manufacturing Trends
4. Mine operational data If connected machines — the primary components of the Internet of Things (IoT) — are to be the backbone of industry in the near future, industrial manufacturers will have to figure out how to manage the data coming from an avalanche of sensors, integrated equipment and platforms, and faster information processing systems.
Connect and optimize: The new world of digital operations
The shift to the industrial Internet is rapidly gathering steam, yet most of the focus has been on making connected products and services for customers. Much less attention has been paid to how and to what degree the industrial Internet will transform companies’ internal operations, as it certainly will.
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