Thankfully, there’s a lot more talk today than only a few months ago. I’d like to think there’s a realisation that the last half century of declining productivity and the underlying acceptance that this has had most of us focused on cost reduction defence and is now leading to a more offence focus need.
Very few, in the short to medium-term and arguably no one, will remain safe from the new digital technologies. Even the most artisanal of products will come under threat from Artificially Intelligent Robots. Even your handmade shoe or watch may well remain handmade, however this time by a robot hand.
The 4th Industrial Revolution is driven by us humans and our need for more choice, personalized products and speed of delivery. The customer interface and experience is changing each day and the factory of the future needs to change fast.
We are, as humans are at the heart of the 4th industrial revolution. Industry4.0 when extended across the entirety of the enterprise, including the social internet/media seamlessly connected to the original suppliers, is described as ERP3.0.
In technology or at least the application and security areas I sit within, acronyms are everywhere, be that ERP, ERP2, 3, i4.0, AI, ML and the list goes on and on! Across the enterprise, the technologies are here to reduce costs, streamline operations, increase productivity, increase revenues, and transform the organization.
Back in the 19th century during the 1st Industrial Revolution (i1.0), steam drove the workforce from the fields into the factories to continue working. Then in the early 20th, with i2.0 it was electricity that created more jobs, followed in the 1970s by automation. On each occasion, employment was not reduced but instead increased care of the demand for new skills.
Industry 4.0 is a reference coined originally by the German government to describe the current wave of technological advancements. it refers to the 4th phase in the evolution of industrial history. Several have called it the “fourth industrial revolution.”
Having spent several years in emerging economies working my way through various real estate laws, you can’t imagine how happy I was when I heard of blockchain and more recently what SAP are looking to do with their latest technology to accommodate it.
We love what the future could be, built on and within this amazing framework of SAP Leonardo. It allows their customers to leverage the most exciting technologies including and not limited to Machine Learning, Artificial Intelligence, Blockchain, Big Data and Analytics.
The technology world recently has come under constant media attention for the ever increasing cyber-attacks and I’ve seen numerous IT & Information Security departments applying “band aids” to satisfy all those shouting the loudest.
Transforming the Enterprise is no easy series of projects. Several have tried and many have failed. But what choice do you have as the world becomes consumed by Digitalization? And as the economic growth rests with those successfully digitalized firms?
We started our journey through the CSFs of Digital Culture a couple of weeks ago, starting out with a tone of "Cultural Offense" and then last week re-orientating the business to "Customer-Centricity".
Front and Centre of Industry4.0 Transformation sits the Digital Culture. We begin our journey to strategising and realising this essential component today and will continue to bring to our i4.0 community some of the best advice as we locate it from all around the world.
Tremendous hype continues to build surrounding Industry4.0 (i4.0, as I call it). The returns can be fast, highly rewarding both financially and in terms of customer satisfaction, however the journey so far for 60% has been fraught.
I have been to many conferences over the years and have often left somewhat empty, feeling there had been a lack of content and or gravitas to the attendance, be that from a delegate or presenter perspective.