We’re currently in the middle of substantial transformation regarding the way we produce products and services. And is due to the digitisation of manufacturing. This is commonly referred to as the fourth industrial revolution, or industry 4.0).
Put simply, the fourth industrial revolution is the ‘convergence of physical products in physical space and digital products in virtual space’.
The last three industrial revolutions; mechanism, mass production and computing were slow to happen. In comparison Industry 4.0 progressing rapidly, due to smart, connected technologies.
Examples of which include; robotics and automation, big data and analytics, artificial intelligence, internet of things (IoT), additive manufacturing, virtual reality, and drone technology.
These are growing at a phenomenal pace and digitally transforming all areas of business. To deliver value to customers and markets, companies are re-imagining how they work, innovate and create.
This short film courtesy of the World Economic Forum explains industry 4.0 opportunities in more detail:
Industry 4.0 Opportunities
A wide variety of businesses, across a broad scope of sectors, are undergoing industrial digitisation. This provides an exciting opportunity for everyone involved with emerging technology to be able to increase efficiency. And provide greater business agility, enable rapid innovation and vastly increase profitability.
The success of industry 4.0 will depend largely on the people, rather than the technology.
There’s been much talk about digitisation causing mass unemployment. However, the recent ‘Future of Jobs’ report found that although some jobs will be lost to automation, over 58 million new jobs will be created within the next 3 years.
It is critical for organisations to make the investment to re-skill and up-skill their current workforce. New jobs will be added to existing teams.
We are working closely with our clients to identify individuals with the required set of skills and capabilities to immediately enable digital transformation, or who have the right attributes to be able to up-skill into these roles in time to come.
To learn more about how we can bring real value to your business, contact us today on: 01925 320, 960 or email us at firstname.lastname@example.org