PREDICTIONSNOW

PREDICTIONSTHEN

INDUSTRY 4.0THEN AND NOW

20 BILLIONGROWTH

14.4 BILLIONGROWTH

2014

20

30

10

0

BILLION

2020

IN NOVEMBER

2015

Source:http://www.mckinsey.com/industries/semiconductors/our-insights/the-internet-of-things-sizing-up-the-opportunity

2015

20

30

10

0

BILLION

2020Source:http://www.gartner.c

om/newsroom/id/3165317

12 BILLIONGROWTH

IN FEBRUARY

2017

2017

20

30

10

0

BILLION

2020Source:http://www.gartner.c

om/newsroom/id/3598917

IN

2011industry analysts predicted that, by

2020, the market for connected devices would be between 50 billion and 100

billion units.

Source:http://www.mckinsey.com/industries/semiconductors/our-insights/the-internet-of-things-sizing-up-the-opportunity

I feel that the increasing ability of

requirements directly with producers will become increasingly

important with production schedules dictated by customers.

managing the supporting processes and supplies of constituent

assemblies and components will be the greatest challenge.

- Dr James Wilson, Senior Lecturer,University of Glasgow’s AdamSmith Business School

I think we will still need people involved in manufacturing and we will

see more collaborative robots supporting workers in manufacturing.

Technology will help with decision

have an impact on minimising errors and will improve productivity and

quality. However, people will still be involved in creativity and innovation. As educators, we need to ensure that

we equip our graduates with the necessary skill sets to work in an

Industry 4.0 world.

- Dr Carl Diver, Lecturer,University of Manchester

THE MARKET FORCONNECTED DEVICES

What the future for Industry 4.0 holds can be found in research labs and technical

universities. It is a series of advancements to all the traditional sectors that evolve around industry such as manufacturing, with the help of the new technological

tools which in general enable higher growth levels, easier optimization of

levels and increased customer satisfaction. The future of manufacturing is massive customization of products and services,

alongside the convergence of the consumer's and the manufacturer's world.

Industry 4.0 will revolutionize the existing technologies and capabilities within the manufacturing and production industry,

making them smart, integrated, connected and digitized. The advancements in data and powerful analytics mean that the systems in

place can trawl through the huge sets of data and produce insights that can be acted

upon quickly. Data sharing via the

manufacturers to respond to customers and

without ever compromising on quality.

think companies will have a much better understanding of what is going on in their production and value stream by leveraging

technology. They will be able to act on it in a much faster and much more sophisticated

way. I also think that you will be able to automate the decision making to a much larger degree than we see today. I don’t

mean the physical aspect of it like a robot. I mean intelligent computing systems

supporting the decision-making and even actually taking the decisions, so the human worker can dedicate and spend his time on

higher value add activities like further process improvements.

We will see, in my lifetime, the complete,man free automation of manufacturing,

where computers manage lower level computers and man checks in over a virtual

network. We will do less and less of the physical elements ourselves. Humanity has always seemed to strive toward a position where we create machines to do work for

us, whilst we think about the next best way of improving it, and I hope very much that

this situation will never change.

IN DECEMBER

2014

-Matthias Breunig, Partner,McKinsey and Co Hamburg

- Scott Fawcett, DivisionalManaging Director, EssentraComponents

- Christina Patsioura,IoT Research Analyst,Beecham Research LTD

- Ed Fagan, OperationsManager, London Museum ofWater and Steam