Is lean management still relevant in the factory of the future and industry 4.0 environment?

The industrial revolution and the subsequent steps have repeatedly led to the economy and society having to adapt. How will industry 4.0 impact – and what opportunities will it bring? An article from Yannick Schilly, President and CEO of Altix Consulting Inc.

We live in an incredible and fascinating time! Never before in the history of mankind has the pace of innovation and technological acceleration been faster than today. We are in the midst of the fourth industrial revolution, or industry 4.0. Digitalization and the connectivity of things will profoundly change industry and create completely new dimensions, solutions and opportunities. Robotics and automated systems are becoming intelligent; machine learning and artificial intelligence are no longer nice science fiction ideas or academic concept papers, but the new reality in a fast-paced global manufacturing and supply chain industrial world. Today new factories are being built with the latest of these technologies – not only in advanced economies, but also in emerging industrial countries – for mass production environments. The best example is China.

The industrial revolution and the subsequent steps have repeatedly led to the economy and society having to adapt. How will industry 4.0 impact – and what opportunities will it bring? An article from Yannick Schilly, President and CEO of Altix Consulting Inc.

We live in an incredible and fascinating time! Never before in the history of mankind has the pace of innovation and technological acceleration been faster than today. We are in the midst of the fourth industrial revolution, or industry 4.0. Digitalization and the connectivity of things will profoundly change industry and create completely new dimensions, solutions and opportunities. Robotics and automated systems are becoming intelligent; machine learning and artificial intelligence are no longer nice science fiction ideas or academic concept papers, but the new reality in a fast-paced global manufacturing and supply chain industrial world. Today new factories are being built with the latest of these technologies – not only in advanced economies, but also in emerging industrial countries – for mass production environments. The best example is China.