Fourth Industrial Revolution Beacons of Technology and Innovation in Manufacturing from the World Economic Forum
The Fourth Industrial Revolution in manufacturing remains a top priority for many leaders of private and public organizations. It is having an enormous disruptive impact on value chains, industries and business models. With one-third of the total economic value of the internet of things (IoT) coming from production,1 factories are the centre of gravity of the ongoing revolution. While manufacturing represents 16% of global GDP,2 manufacturing industries account for 64% of global R&D spend.3 However, there is potential for worker displacement if changes are not handled properly. Strengthened collaboration among stakeholders is needed to understand unexpected consequences and manage the transition.