Menu Shape 3 copy 2Created with Avocode.

Smart Factory 4IR: from Buzzword to Reality

Companies are making progress in implementing new technologies, but scaling and linking investment to value remains a work in progress.

4IR has been met with both enthusiasm and fence-sitting. While sentiments and experiences have been mixed, most business leaders are now approaching 4IR with a sense of measured optimism. While they recognize the potential business value advanced manufacturing technologies can present—particularly cloud computing, advanced analytics, robotics, the industrial internet of things (IIoT), 3D printing, virtual and augmented reality—they are still deliberating how and where to invest and balancing the hype with their own level of preparedness. Meanwhile, they’re also well aware of the significant changes 4IR will bring to a new manufacturing workforce—one that is increasingly becoming a hybrid of human and machine.

About the 4IR survey

PwC and The Manufacturing Institute (the workforce and thought leadership arm of the National Association of Manufacturers), surveyed approximately 100 US-based manufacturers. Looking at the results, we see a definitive—and, indeed, inevitable—shift to 4IR as companies seek to integrate new technologies into their operations, supply chain and product portfolio. However, these companies acknowledge that scaling, justifying 4IR investments and dealing with uncertainty surrounding use cases and applications present a new set of challenges.
Why attend?
  • While the sector as a whole is making assertive forays into 4IR, many manufacturers still inhabit the awareness and pilot phase. Nearly half of manufacturers surveyed reported that they are in the early stages of a smart factory transition (awareness, experimental and early adoption phases). The majority of those that have implemented smart factory use cases consider a quarter to be a success.

  • Manufacturers expect the transition to accelerate in the coming years—73% are planning to increase their investment in smart factory technology over the next year.

  • While we see a number of fence-sitters, the bulk of manufacturers are indeed prioritizing 4IR, the digital ecosystem and emerging technologies. When asked about adopting an IoT strategy in their operations, 31% of manufacturers report that it's “extremely critical” while 40% report that it’s “moderately critical.”

  • About 70% of manufacturers say the biggest impacts of robotics on the workforce in the next five years will be an increased need for talent to manage the robotics workplace and the opening of new jobs to engineer robotics and their operating systems.

Speakers
Karim Bibawi, Partner at PwC
Karim Bibawi is a business leader within PwC’s advisory practice focusing on Industrial IoT and digital alliances. He develops strategy towards sustainable competitive advantages and is passionate about data analytics. Karim contributes to both Next in Tech and PwC’s Strategy&'s IoT efforts; consulting clients across vertical markets including Energy, Industrials and Healthcare.
Juliane Stephan, Manager and Contributor at PwC
Juliane Stephan is a subject matter expert and contributor at PwC with focus on Internet of Things, digital operations and Connected Car strategies, designing competitive manufacturing operations (footprint, digital manufacturing), and improving supply chain management for industrial products and automotive clients.
An Informa Business, Webinar Host at IndustryWeek
Organizer:

Webinara help people from all over the world discover exciting webinars relevant to their areas of interest. ...
Read More

Other webinars you may like
FREE
Sep 27, 10.00 AM (GMT -07:00)
Aragon Research Technology Arc for the Digital Workplace 2019
With so many workplace technologies in the market, it can be a challenge to determine which ones are actually delivering new, innovative capabilities that will transform work and its outcomes. This webinar introduces the Aragon Research 2019 Technology Arc for the Digital Workplace. Aragon Technology
Aragon Research
Speaker - Jim Lundy
More info
FREE
Oct 8, 9.30 AM (GMT -06:00)
6 Essential Building Blocks of eLearning programs
The age of eLearning is on the rise! Modern internal training teams are seeking to build programs specific to company initiatives and goals. Today, upskilling talent is an essential part of empowering employees to grow and succeed in their roles. However, despite the undeniable benefits of expanding
DS Virtually
Speaker - David Smith
More info
FREE
Mar 27, 12.00 AM (GMT -04:00)
Business Data Onboarding Better By 10X With Large File Data Ingestion
Large volume of data is an old adversary of data integration and onboarding solutions. Enterprises relying on sub-par data exchange technology can barely handle files more than 1 GB, which is abominably low per today’s standards. Moreover, they consume a fair amount of money, time, and effort
Adeptia Inc.
Speaker - Raman Singh
More info
Other webinars you may like
FREE
Duration: 30 Min
Business Data Onboarding Better By 10X With Large File Data Ingestion
Large volume of data is an old adversary of data integration and onboarding solutions. Enterprises relying on sub-par data exchange technology can barely handle files more than 1 GB, which is abominably low per today’s standards. Moreover, they consume a fair amount of money, time, and effort
Adeptia Inc.
Speaker - Raman Singh
More info
FREE
Duration: 60 Min
Establishing Your Procurement AI Game Plan
For all the ‘buzz’ about AI, it is really just an approach that brings together two elements that procurement is very familiar with: information and analytics. Add business objectives to the mix, and you are poised to benefit from what we think of as artificial intelligence. When we
Art of Procurement
Speaker - Phil Ideson
More info
FREE
Duration: 60 Min
The Power of Connecting to End-Customer Demand
Leading supply chain organizations use true demand to increase service levels and grow sales. Especially as omni-channel commerce increases complexity and retailers put increasing pressure on consumer goods companies, managing to end-customer demand is key to keeping up with a fast changing market. Developing
Alloy
Speaker - Joel Beal
More info
SHOW ALL WEBINARS
ARE YOU 100% SURE YOU WANT TO YOU WANT TO DISCONNECT ?

Yes No
ARE YOU 100% SURE YOU WANT TO REMOVE THIS SPEAKER ?

Yes No
THIS SPEAKER CANNOT BE REMOVED. YOU HAVE ALREADY SELECTED THIS SPEAKER ABOVE. SELECT ANOTHER SPEAKER ABOVE TO REMOVE IT.

OK
PLEASE TYPE A VALID KEYWORD IN THE SEARCH FIELD