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.
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