By ethan.burton-Oracle on Feb 05, 2016
The factory of the future will be unrecognizable from those of today; manufacturers must act now if they are to evolve in time
This year’s World Economic Forum at Davos was centred on the theme of ‘Mastering the Fourth Industrial Revolution’. Also known as the Industry 4.0, the term refers to the way a range of new technologies, including cloud computing, robotics, the Internet of Things, automation, mobility and many, many more are changing the way companies manufacture and distribute new products. Under the influence of these technologies, the factories of the future will be almost unrecognizable from those of today; as well as, I am willing to wager, the products and services that result from the manufacturing process.
We are quite often told that a product will be revolutionary, but in this case it is not mere hype: digitization is fundamentally changing the world around us and causing companies to look beyond just the products they make and explore the services and business models they can provide alongside them.[Read More]