READINESS FOR THE FUTURE OF PRODUCTION REPORT 2018 – WORLD ECONOMIC FORUM
As the Fourth Industrial Revolution gathers momentum, decision-makers from the public and private sectors are confronted with a new set of uncertainties regarding the future of production. Rapidly emerging technologies—such as the Internet of Things, artificial intelligence, wearables, robotics and additive manufacturing—are spurring the development of new production techniques, business models, and value chains that will fundamentally transform global production. Both the speed and scope of change add a layer of complexity to the already challenging task of developing and implementing industrial strategies that promote productivity and inclusive growth. The Readiness for the Future of Production Report 2018 seeks to build awareness on the factors and conditions required to transform production systems and help countries assess readiness for the future.
The report, developed in collaboration with A.T. Kearney, analyses and presents the results of the first edition of the Readiness for the Future of Production Assessment, which measures how well positioned 100 countries and economies—across all geographies and stages of development—are to shape and benefit from the changing nature of production through the adoption of emerging technology. It serves as a new benchmarking and diagnostic tool to catalyse multistakeholder dialogue, shape joint actions and inform the development of modern industrial strategies.
Some of the themes unpacked in the report include:
• Preparing for the Future of Production • Measuring Readiness for the Future of Production
• Technology & Innovation • Human Capital • Global Trade & Investment
• Institutional Framework • Sustainable Production • Demand Environment
*source: https://www.weforum.org
LEARN MORE ABOUT EMERGING TECHNOLOGIES AND PREPARING FOR INDUSTRY 4.0 IN THE AFRICAN CONTEXT AT MANUFACTURING INDABA 2018
Industry 4.0 represents a breakthrough in manufacturing innovations, transforming product creation and company operations. The advent of smart devices enables manufacturers to communicate autonomously whereby machines communicate with each other via sensors to reduce defective products and waste. Companies can now gain access to critical, real time data by tracking the productivity and efficiency levels of employees, machinery and business operations. Due to inadequate accessibility and connectivity, the African continent is unable to embrace Industry 4.0 at a rate equivalent to that of the developed world.
This year’s Manufacturing Indaba (19 – 20 June 2018, Sandton Convention Centre) will place a strong focus on the future of the manufacturing sector and the implementation of Industry 4.0 and the IoT for Sub-Saharan African manufacturers. In addition to this theme being covered during the conference, there is also a dedicated Internet of Things and Industry 4.0 Conference taking place on 21 June 2018.
Attend Manufacturing Indaba 2018 to participate in more discussion on these topics.
