5 Building Blocks for Industry 4.0

In a recent article in IESE Expert Insight, Professor Marc Sachon describes five key building blocks required to successfully implement Industry 4.0. Based on case studies and collaborations with companies at the leading edge in this field, he also explains the change management implications and the need for training and re-educating the workforce.  

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Download ‘5 Building Blocks for Cyber-Physical Value Chains’ by Marc Sachon HERE

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The digital revolution that has disrupted the services sector is about to transform manufacturing industries in the form of a forth industrial revolution – Industry 4.0.

To stay competitive companies down the manufacturing value-chain need to adopt radically new business models, introduce new AI based technologies, and adapt their skill sets to the digital world.

In this article Marc Sachon explains the importance of these five building blocks and how they relate to the successful implementation of Industry 4.0:

• Data generation and capture
• Data analytics
• Human-machine interaction
• Highly flexible production
• Intellectual property

Sachon goes on to describe these four critical implications of Industry 4.0 and how companies should address the challenges they will bring:

• Worker profiles
• Cybersecurity
• Software-defined differentiation
• Platform business models

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‘5 Building Blocks for Cyber-Physical Value Chains’ was originally published in IESE's Expert Insight.

Marc Sachon is Professor of Production, Technology and Operations Management, IESE Business School, University of Navarra.