09: Industry 4.0

Question 1

6 new techs in POM / industry 4.0

Answer 1

• IoT, incl. sensors & nanosensors
• wearables
• big data incl. mobile techs
• Cloud computing & cyber security
• VR & augmented reality incl. simulation
• Robotics & AI including drones & machine learning

Question 2

1., 2., 3., 4. industrial revolution =

(2 elements each)

Answer 2

1. ~1780: introduction of mechanical production power by steam & water
2. ~1870: division of labour + electricity = assembly lines
3. 1969: electronics & IT systems = mechatronics
4. ~2010 onwards: use of cyber-physical systems –> internet of things

Question 3

industry 4.0 techs:

3 properties of these techs

Answer 3

• drones
• additive manufacturing
• RFID
• computer controlled machines
• AI
• VR
• internet
• social media

3 properties of these techs:

• not really new
• increasingly cheap
• coming together

Question 4

3 arguments why industry 4.0 may really be a revolution

+ Consultancies who love this

Answer 4

1. velocity of progress is exponential
2. high breadth & depth of progress
3. interdependent system change

+ McKinsey, Boston Consulting Group, PWC, Deloitte, Roland Berger…

Question 5

2 geopolitical implications of industry 4.0

Answer 5

• only a fraction of the world is ready for it
• could it trigger reshoring (aka backshoring) to developed countries?

Question 6

3 key points about industry 4.0 & lesson from it

Answer 6

• physical & IT world are merging
• implications are difficult to fully grasp
• computers are so dexterous that it is difficult to predict how they will be used in a few years

=> become faster at learning!

Question 7

digitization VS digitalization

Answer 7

Process of converting analog data into digital form

VS

Adoption of computer technologies in organizations

but both are part of

The physical and digital worlds merging