Industry’s fast-mover advantage: Enterprise value from digital factories

#News(General) [ via IoTGroup ]

Headings…

Industry’s fast-mover advantage: Enterprise value from digital fact
The success factors for the Fourth Industrial Revolution
Secrets to scaling fast
End-to-end Lighthouses
Production’s human-centered future
What other manufacturers can learn

Related Articles

‘Lighthouse’ manufacturers lead the way—can the rest of the world keep up?

Auto extracted Text……

The latest findings from the Global Lighthouse Network, an ongoing research project by the World Economic Forum in collaboration with McKinsey, confirm the transformative power of innovative manufacturing technologies for today’s businesses.
In 2018, the World Economic Forum, with knowledge support from McKinsey, identified 16 companies as 4IR leaders for their work in scaling digital use cases beyond the pilot phase across individual sites: these sites were designated as advanced manufacturing “Lighthouses”.
Even more significantly, some companies are generating value from 4IR technologies far beyond the four walls of their factories: 14 of these 28 new sites have been recognized as end-to-end (E2E) Lighthouses, integrating manufacturing innovation from their suppliers through to their customers and beyond.
Lighthouses have succeeded by innovating a new operating system, including how they manage and optimize businesses and processes, transform the way people work, and use technology.
Most important, Lighthouse organizations are leading the way through their adoption of critical 4IR technologies, including digitization, automation, advanced and predictive analytics, virtual and augmented reality, and the Industrial Internet of Things (IIoT).
To support these advances, the Lighthouse network has collectively expanded 4IR’s potential by developing a toolbox that now totals some 92 high-impact use cases across the supply network, product development, planning, delivery, customer connectivity, and digitally enabled sustainability.
Deploying these innovations compounds Lighthouses’ competitive advantages by creating a fundamentally new operating system, which makes it easier to add further use cases in minimal time and at minimal cost

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019