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The Industry 4.0 manufacturing revolution

The Industry 4.0 manufacturing revolution
Deloitte and Forbes Insights would like to thank the following for sharing their time and expertise: Flemming Besenbacher, chairman of Carlsberg Natasha Buckley, senior manager, Deloitte Center for Integrated Research Mark Cotteleer, managing director, Deloitte Center for Integrated Research Harold Goddijn, chief executive officer and cofounder, TomTom Mindy Grossman, president and chief executive officer, WW International, Inc. André Hoffmann, vice chairman, Roche Holding Ltd., and chairman, Hoffmann Global Institute for Business and Society Advisory Board Yoky Matsuoka, chief technology officer, Nest Labs Timothy Murphy, senior manager, Deloitte Center for Integrated Research Bert Nappier, president, FedEx Europe Tiffany Schleeter, Data Science Team, Research and Insights, Deloitte LLP Caryn Seidman-Becker, chairman and chief executive officer, CLEAR Brenna Sniderman, senior manager, Deloitte Center for Integrated Research Qian Xiangyang, chief executive officer, SAGW Cover image by: Livia Cives

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Ten IT-enabled business trends for the decade ahead As technological change accelerates and adoption rates soar, ten pivotal trends loom large on the top-management agenda. Three years ago, we described ten information technology–enabled business trends that were profoundly altering the business landscape. The pace of technology change, innovation, and business adoption since then has been stunning. The Crucial Thinking Skill Nobody Ever Taught You – The Mission How Great Thinkers Shatter the Status Quo The German mathematician Carl Jacobi made a number of important contributions to different scientific fields during his career. In particular, he was known for his ability to solve hard problems by following a strategy of man muss immer umkehren or, loosely translated, “invert, always invert.” Jacobi believed that one of the best ways to clarify your thinking was to restate math problems in inverse form. He would write down the opposite of the problem he was trying to solve and found that the solution often came to him more easily.

Cognitive supply chains are the future: here's why you need one As complex algorithms, machine-learning and artificial intelligence become mainstream, it seems inevitable that they’ll disrupt global supply chains. Companies, whether they’re Maersk or GSK, Jaguar Land Rover or Tesco, increasingly need distribution and inventory management systems that are self-learning, predictive, adaptive and intelligent; so-called cognitive supply chains. “We’re at a unique moment in the evolution of the supply chain where advanced technologies have matured enough to match the proliferation of data. There is a current transition among leading companies where they’re aggressively reinventing from the inside out,” explains Jesus Mantas, managing partner for global strategy at IBM Global Business Services. “The typical supply chain in 2018 accessed 50 times more data than just five years earlier. There’s an increasing focus on supply chains to reduce costs across incredibly complex, global operations.

How social business grew up Who would have thought that social networks like Facebook, Twitter, and LinkedIn would ultimately end up having such a profound impact on the way we think about and run our businesses? The story of this journey, called by many social business, revolves around the deep application to our organizations of the ideas that made social media such a potent and popular way of communicating globally. The imperative for doing so has become quite clear. 61 Books Nassim Taleb Recommends you Read in his Own Words 1. Perilous Interventions: The Security Council and the Politics of Chaos Solid Book on Interventionism, Should be Mandatory Reading in Foreign Affairs. This is an outstanding book on the side effects of interventionism, written in extremely elegant prose and with maximal clarity. It documents how people find arguments couched in moralistic terms to intervene in complex systems they don’t understand. These interventions trigger endless chains of unintended consequences –consequences for the victims, but none for the interventionistas, allowing them to repeat the mistake again and again.

Society needs a reboot for the Fourth Industrial Revolution Society’s operating system needs an upgrade. The model we have been using is simply not up to the challenges of the Fourth Industrial Revolution. A new era is unfolding at breakneck speed. How Leaders Can Address the Challenges of Digital Transformation 2015 marks ten years in which I’ve been working in the trenches with organizations at a leadership level to drive some form of major change that intertwines technology, networks, and people. Back in the early days it consisted mostly of the novel and heady topics of the Web 2.0 revolution. As things matured and the ideas were adapted to the corporate world, the discussion moved on to Enterprise 2.0 and finally became the social business movement.

Mind Map: The best apps for mind mapping — The Sweet Setup There are many very good options for mind mapping software to help you capture and organize your ideas, but we think that MindNode is the best for most people because it has a beautiful design, is easy to use, supports very reliable iCloud sync, and there are just enough import/export options to be a really useful tool in almost any workflow. What is a Mind Map, Anyway? A mind map is a diagram that connects information around a central topic or subject. The basic idea is that you start with a central idea and build branches (or “nodes”) around it. Think of it as the right-brained version of a standard outline which is perfect for “radiant thinking,” an idea popularized by Tony Buzan.

How To Flourish In Industry 4.0 (Part 1) Call it a “Forrest Gump moment:” an instance of being in the right place at the right time for no other reason than just plain luck. A “Forrest Gump moment” is based upon Tom Hanks’ character in the movie “Forrest Gump,” a guy who always seemed to be in the right place at the right time, meeting Presidents Kennedy, Johnson, and Nixon at critical points in American history. I too have had a Forrest Gump moment in meeting President Reagan. However, my deeper Forrest Gump moments have been my long association with the history of analytics. I was fortunate to be at the birth of the business intelligence and data warehouse era while working for Metaphor Computers to deploy decision-support systems across Procter & Gamble in the late 1980s.

Top 5 Challenges Automotive Industry Will Face In The 2020s At a glance, it may seem that the automotive industry is going strong and has nothing to worry about. In the United States, it serves as the most significant component of retail sales (about 20% of the total). It contributes almost 3% to the gross domestic product and employs nearly 18 million people. However, under the surface, things are not as optimistic: The entire industry already faces some very serious challenges, which will play an even more significant role over the next decade. The very fact that the industry is such a big contributor to the economy means that anything that happens to it will have a major impact on the world as a whole.

The Strategic Role of Digital Networks in Corporate Leadership Today While there are a number of key factors that help organizations create important new types of business results using enterprise social networks or online communities, leadership is almost always at the top of the list. There is no avoiding the fact that what executives and middle managers actually do when it comes to leadership with digital networks has a inordinate determining effect on whether workers usefully employ social tools in their day-to-day work, take unique advantage of what makes them special, and create meaningful new levels of business value. I’ve studied or helped organizations apply the key adoption factors of social business for years, and there’s a key question that still seems to come up as frequently as ever: