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Harnessing the power of collaboration to advance the digital transformation of industry

Lieutenant JG

Harnessing the power of collaboration to advance the digital transformation of industry

Industrial markets are experiencing rapid change brought on by accelerated digitization and new technologies such as IoT, data analysis, and artificial intelligence (AI). Traditional industry boundaries are blurring at speed. Everyone is reimagining ways to design, build, and deliver products and services to customers and work with partners. How to solve specific business problems, while meeting rising customer expectations for greater customization and fast response? The answer lies in dynamic collaboration that can truly push forward the digital transformation of industry, new business models, and sustainable progress. 

 

Business as usual simply won’t work in the Industry 4.0 economy. The hyper-connected world is too fast. We need a new approach — one that promises speed, agility, and the ability to see and address customer problems in a better way.

 

Our solution is Schneider Electric Exchange, a business platform and digital ecosystem that drives worldwide economies of scale for IIoT solutions. It is the way to transform your business and thrive in the digital economy, whether you’re a startup, a long-time system integrator, a digital plant operator, or a design office. As McKinsey points out, “By 2025, digital ecosystems could account for about 30% of global corporate revenue”…

 

Read the full article here: 

Harnessing the power of collaboration to advance the digital transformation of industry

 

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4 Comments
Lieutenant

Every generation or so, technology takes a giant leap forwards. Steam power, electricity and computing – each have revolutionized the way we live and work. Where once it was the loom, the lightbulb and the mainframe, today it’s the internet’s turn. Today, the web is evolving o bring together people, businesses, machines and logistics into the Internet of Things (IoT).

The IoT is leading the fourth industrial revolution – known as “Industry 4.0.” It has the potential to transform our understanding of how everything can be connected and deliver enormous value to the world.

 

How ready are we for this new Industrial Revolution 4.0?

 

Read the full report here:

https://www.weforum.org/agenda/2018/01/87-of-ceos-say-the-fourth-industrial-revolution-will-improve-...

 

Lieutenant JG

Yes, and things are moving very fast !

Lt. Commander

@Michael_Chan thanks for sharing your thoughts and the weforum resource. Do you any other sources of information that could benefit our forum focusing the topic of digital transformation and how we enter the 4th revolution age?

Lieutenant
  1. The First Industrial Revolution used water and steam power to mechanize production.
  2. The Second used electric power to create mass production.
  3. The Third used electronics and information technology to automate production.
  4. Now, a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

 

Why we called it Fourth Industrial Revolution?

 

https://ied.eu/project-updates/the-4-industrial-revolutions/