Industry 4.0 – how intelligent machines will transform everything we know

The fourth industrial revolution is upon us: machines infused with intelligence.

This transformation will transform how manufacturing works today, making it 30% faster and 25% cheaper because a machine will know when it makes a mistake and will correct itself. He estimates that the next generation of industrialization could save the food industry alone $50bn dollars a year.

Markus Lorenz is a core group member of The Boston Consulting Group’s Industrial Goods and Operations practices, concentrating on performance improvement, sales, and R&D programs. He leads the firm’s machinery-and-components sector in Europe.

In the video below he explores the many ways this manufacturing revolution will impact the economy, and what kinds of other jobs this new chapter will create.

Oracle and The Manufacturer have joined together to create The Manufacturer Industry 4.0 UK Readiness Report. Download the report for free now.

Autodesk and The Manufacturer have partnered to bring you The Future of British Manufacturing roadshow events which will look in depth at the British response to Industry 4.0. Take the readiness assessment for free now and register to attend one of four events taking place across the UK over the next six months.