In this CIO Straight Talk Tweet chat, a panel of industry thought leaders discussed the phenomenon of Industry 4.0 and how it is poised to radically change the way we do business. Here are some highlights from the chat.
We have quite an interesting panel with us today. We’ll be introducing them in the upcoming tweets. #STinsights pic.twitter.com/xdR95RryK7
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
Starting things off with the basics…
We are going live with the #tweetchat. Here's the 1st question. #STinsights #Industry40 pic.twitter.com/rtJhczUQ9A
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
Here's one of the definitions for #Industry40: Industry 4.0: #STinsights pic.twitter.com/Z62aQwhY0U
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
The evolution of technologies leads to a revolution in business...
A1: digitization of manufacturing and factory processes driven by the data exchange between sensors and devices #STInsights #industry40
— mike d. kail (@mdkail) August 30, 2017
#STinsights A1: Love @mdkail Mike's #Industry40 description -- it's all about the data (from sensors, devices, context, processes, people): https://t.co/3ZyM60WMzS
— Kirk Borne (@KirkDBorne) August 30, 2017
In the 4 layers of automation ( control systems, MES,and ERP) this is the next layer connecting digital tech, process and humans #STinsight https://t.co/RLPVfYj6VB
— Anand Birje (@anandbirje) August 30, 2017
A1 #Industry40 means empowering manufacturing and production with intelligence that could possibly predict its own future #IIoT #STinsights https://t.co/uB3Fa6PG3n
— Dean Anthony Gratton (@grattonboy) August 30, 2017
A1. Industry 4.0 is all about embracing and merging automation, data exchange and manuf tech into business models. #Industry40 #STinsights
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
definitely agree its not one thing, but a collective, giving end-to-end digitisation
— Nige Willson (@nigewillson) August 30, 2017
of physical assets into digital systems #STinsights https://t.co/Ln8SMY5bze
Leading to practical questions from the audience…
#STinsights What should a consumer expect from #Industry40 #STinsights @mdkail @Kevin_Jackson @grattonboy @thomaspower @anandbirje
— Neha Anand Brahma (@NehaAnandBrahma) August 30, 2017
And our panelists didn’t disappoint…
one example: on-demand, bespoke products in near real-time #Industry40 #STinsights
— mike d. kail (@mdkail) August 30, 2017
#Industry40 enables enhanced #UX driven by customer intimacy and the ability to cater your products and services to a marketplace of one.
— Kevin L. Jackson (@Kevin_Jackson) August 31, 2017
Getting down to brass tacks...
Time to put our second question. Join the conversation using #STinsights #Industry40 pic.twitter.com/uahbgxka5z
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
The enticing potential of complete automation...
A2: Elimination of human error, enablement of continuous productivity, increased data metrics/safety/security #STinsights #industry40
— mike d. kail (@mdkail) August 30, 2017
New ways of doing business which can deliver growth , efficiency and customer convenience not imaginable before
— Rajiv Sodhi (@rsodhi1) August 30, 2017
"not imaginable before" #NIB becomes The Norm as we enter 2020s #STinsights reaching human capacity which is why #ICO exploding worldwide
— Thomas Power (@thomaspower) August 30, 2017
So where do humans fit into all of this...
Taking away the ‘human’ element will lower #OPEX and in turn increase quality and speed of production #Industry40 #IoT #IIoT #STinsights https://t.co/rAnEuslwTE
— Dean Anthony Gratton (@grattonboy) August 30, 2017
Alas, we will reach a plateau where humans become redundant #Industry40 #IoT #IIoT #STinsights https://t.co/GRFyai0C7s
— Dean Anthony Gratton (@grattonboy) August 30, 2017
IMHO: it’s not that simple. This isn’t going to simply replace humans. At least not in our career lifetime. #Industry40 #STinsights https://t.co/FR1FdhCduv
— Tim Crawford (@tcrawford) August 30, 2017
I agree with .@tcrawford its more human augmentation, situational decision making and collaboration that only human will manage #STinsights https://t.co/pwhTIIiMbL
— Anand Birje (@anandbirje) August 30, 2017
.@anantjan93 Remember that people are always first, but #HR must learn how to speak to the virtual world we all live in #STInsights https://t.co/U1clAgHf76
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
#STinsights A2: #Industry40 delivers greater insights into ops, supply chain, maintenance (predictive & prescriptive) via ubiquitous Sensors pic.twitter.com/vLzwIRyxdZ
— Kirk Borne (@KirkDBorne) August 30, 2017
Sensor and Instrumentation was always there, the ubiquity and analytics has changed the game with Indstry 4.0 #STinsights https://t.co/HARIyWj4ZU
— Anand Birje (@anandbirje) August 30, 2017
Not to mention using #techforgood...
A2. Merging physical and virtual for the betterment of everyone. #Industry40 #STinsights pic.twitter.com/PXty1FRHhF
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
great example #techforgood is what i get up for . . . #STinsights https://t.co/xEdD2cml5L
— Nige Willson (@nigewillson) August 30, 2017
Drilling down to the technical details...
Keep the questions coming! Here’s our third question for the forum. Join the conversation using #STinsights #Industry40 pic.twitter.com/beWEcPQOCT
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
Technology layers will envelop everything...
#STinsights A3: #Industry40 is built on #MachineLearning #AI #BigData #Analytics #Robotics #Cloud #ComputerVision +and+ #sensors #devices pic.twitter.com/di09CQ8qW4
— Kirk Borne (@KirkDBorne) August 30, 2017
#STinsights #Industry40 #digitaltechnologies + #digitalthinking are key together #technology useless without #strategy #customercentricity
— Karl Smith (@UserExperienceU) August 31, 2017
A3 We have the ‘thing’ to the Gateway, then the Gateway to the Cloud and to the Enterprise #STinsights #Industry40 https://t.co/71pe4lbGfv
— Dean Anthony Gratton (@grattonboy) August 30, 2017
#STinsights Comprehensive and strategic leverage of Cloud, AI, Analytics, APIs, IOT are critical for Industry 4.0 https://t.co/YoSJISFWl4
— Anand Birje (@anandbirje) August 30, 2017
A3 faster access to answers from more data, lower cost & higher accuracy of sensors, better security #STinsights #industry40
— Mark Thiele (@mthiele10) August 30, 2017
A3: supply chain digitization requires tech like #IoT, #BlockChain, and #AI to fully realize #Industry40 #STInsights https://t.co/iZkIjIkbkA
— mike d. kail (@mdkail) August 30, 2017
A3. (1 of 2) Physical business models are executed and enhanced via complementary virtual business models. #Industry40 #STinsights
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
A3. (2 of 2) This is critical to the effective integration between the physical and virtual worlds. Think #Uber #Industry40 #STinsights pic.twitter.com/yh3Vn73xyw
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
As with all great revolutions, challenges remain...
It’s been such an insightful session. Here’s our fourth question. Join the conversation using #STinsights #Industry40 pic.twitter.com/E97dJjIYAH
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
There is no room for fear in a revolution...
#STinsights barriers include management commitment, culture , sporadic tech adoption without clear business strategy https://t.co/fJvg65duqY
— Anand Birje (@anandbirje) August 30, 2017
A4 The technology is available today to realise #Industry40 – I fear organisations aren’t prepared. #STinsights
— Dean Anthony Gratton (@grattonboy) August 30, 2017
A4/2 Organisations need to organise, process and filter their data, alongside preparing their enterprise! #STinsights #Industry40
— Dean Anthony Gratton (@grattonboy) August 30, 2017
#STinsights #Industry40 #reconfiguration of #value stream everyone an IT company #incremental change not #BigBang #continuous improvement
— Karl Smith (@UserExperienceU) August 31, 2017
A4 Innovators dilemma, "we're doing fine right now" , complexity of solutions, keeping the lights on in IT #STinsights #industry40
— Mark Thiele (@mthiele10) August 30, 2017
#STinsights A4: #Industry40 requires forward-thinking mgmt, "no box" thinking, silo-busting, revolutionary innovative #MachineIntelligence pic.twitter.com/UoMHnbQnuq
— Kirk Borne (@KirkDBorne) August 30, 2017
with most transformations, largest barrier is cultural,in this case, irrational fear of all jobs being replaced. #Industry40 #STInsights https://t.co/fU1354Y8eD
— mike d. kail (@mdkail) August 30, 2017
Regulations need to evolve IMNSHO. Stagnant and Draconian is current state #Industry40 #STInsights https://t.co/AEBufGkggO
— mike d. kail (@mdkail) August 30, 2017
A4. The main barrier is cultural change associated with creating and executing the required new business models. #Industry40 #STinsights
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
And finally, the best ideas as we blaze into the era of Industry 4.0...
Our final official question to the panel: Keep shooting your questions using #STinsights #Industry40 pic.twitter.com/yM3zYWGVwN
— CIO Straight Talk (@CIOStraightTalk) August 30, 2017
Engage with the transformation and learn constantly...
treat it like any other project - start small, learn, adapt & adopt #STinsights #Industry40 pic.twitter.com/OVRLT3SpIx
— Nige Willson (@nigewillson) August 30, 2017
A5. Media, Hospitality, Education. Learn #DigitalTransformation lessons from others. Adopt digital fast. #Industry40 #STinsights
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
Companies don’t want to take the leap into #Industry40 until they see their competitors doing so #IoT #IIoT #STinsights
— Dean Anthony Gratton (@grattonboy) August 30, 2017
A5. Digital is made real by seeing your competitor’s dust in your face #Industry40 #STinsights pic.twitter.com/Xx5D3HpYv5
— Kevin L. Jackson (@Kevin_Jackson) August 30, 2017
A5: outline the 'why' strategy, collaborate with leaders like Tesla, and continually execute on the strategy #Industry40 #STInsights https://t.co/ywTuCQk0Zr
— mike d. kail (@mdkail) August 30, 2017
#STinsights A5: #Industry40 can be made real now. e.g, by deploying Predictive & Prescriptive Maintenance via #BigData #ML #DigitalTwins pic.twitter.com/EyurORlV5w
— Kirk Borne (@KirkDBorne) August 30, 2017
Make it a culture change ( not one time program), change biz and IT interaction, roadmaps with ability to iterate and evolve along the way https://t.co/Z2hxyfweTM
— Anand Birje (@anandbirje) August 30, 2017
Until next time...
With 55Mn+ Impressions reached already, thank you to all the panelists & community to make this #STInsights tweetchat a huge hit @grattonboy pic.twitter.com/Zb5tHlP5ec
— Apurv Anand (@apurv_anand) August 30, 2017
