Halton Industry Education Council

Spring Breakfast with the Mayors

Presented by Don Duval

May 26th, 2016

Industry 4.0 | A New Kind of Revolution

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Industry 4.0: The Next Phase in the Digitization of Manufacturing

Big Data,

Connectivity,

Computational

Power

Analytics

Human – Machine

Interaction and the

“Consumerization

of Manufacturing”

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2

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Source: Cisco

Getting Business Done and Staying Competitive…

What’s Next in Industry 4.0?

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The New World

of Work

Outsourced

Innovation

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• In the next 15 years,

50% of our workforce will

be Millennials

• 31% of Millennials feel

they earn enough to

“take the money

discussion off the table”

• What drives this new

generation? Creative /

innovative workplaces

and impactful job

opportunities

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• Significant growth in corporate

innovation policies

• Conversational and engaging

management style

• Connected, flexible, and off-

site working

• Access to tools, resources, and

opportunities to enable

impactful job experiences

So…what are you doing to recruit, retain, and motivate the

Millennial generation?

“…we encourage

our employees, in

addition to their

regular projects, to

spend 20% of their

time working on

what they think will

most benefit

Google. This

empowers them to

be more creative

and innovative...” Larry and Sergey

“…one-day bursts of

autonomy allow

people to work on

anything they want

(as long as it’s not

part of their regular

job) — provided they

show what they’ve

created to their

colleagues 24 hours

later…”

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Outsourced

Innovation

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You have to collaborate to compete…

and ultimately win!

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Sudbury

Province of Ontario

Toronto

Ontario's Mining Supply and Service Sector

• 40,000 employed

• Economic impact of $6.6B

• 1,000 companies

• 43 active mines

• 30 to 35 advanced mining projects

Timmins

~70% of the activity occurs in the

Northern Ontario Mining Cluster with

Sudbury (population 165,000) serving

as the epicentre Source: Ontario Mining Association

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Industry 4.0 and the Outsourced Sudbury Technology

“Revolution”

4-10%

of new companies become high-growth firms.

Only…

But the top…

1%

in any given year generate roughly 40% of new jobs.

5% in any given year generate roughly 66% of new jobs.

Source: High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011

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Why Should We Care About Start-up Tech Companies?

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…the Platform

effect…

…or maybe the

Springboard

effect…

Passion A desire to help their community for the greater

economic and social good of the community.

Finding the Right Community Champions – Easier Said than Done!

Entrepreneurial Credentials Important to engage champions that have “been there,

done that” and reflect the culture of your customers.

Time With our aging baby boomer population retiring – full of

knowledge and wealth – now is the time to engage

those with time to contribute. 16

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Don Duval

Twitter: @don_duval

The Consumerization of Manufacturing TEDx Chatham Kent

2014