Harnessing the 4th Industrial Revolution. Professor Mark Esposito Harvard University & Nexus
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1 Harnessing the 4th Industrial Revolution Professor Mark Esposito Harvard University & Nexus
2 Technology Foresight Series Summary 4 th Industrial Revolution Five emerging technologies The internet of things Artificial intelligence Advanced robotics Enterprise wearables 3D printing Unlocking the value and avoiding the perils 2
3 Process for developing insights Mapping a comprehensive technology radar impacting one or more aspects of global production systems. Delineating the current state of each technology to distinguish between excessive promotion and reality, and to determine their potential development in the near future Focusing on the converging impact of the technologies 3
4 4
5 Current adoption of technologies 5
6 Cross technology tipping points 6
7 Opportunities Opportunities 50 billion smart objects by $11-$14 trillion in the potential global impact of IoT over the next 10 years 2 75% of enterprises that are researching, piloting, or deployed IoT applications 3 1. Source: DHL and Cisco, Internet of Things in Logistics April Source: Averaged from multiple sources: IDC Gartner, Mckinsey 3. Source: IDG Enterprise marketing, State of the Network 2016 February
8 Market adoption 2016 Machina Research: Enterprise internet of Things survey, August
9 Advanced robotics emerging from its safety cage The basics: Advanced robotics has already shown that it can significantly alter the entire value chain. 1.8 million industrial robots are operating in global production systems today Use in production: The ambition is for robotics to become collaborative, intuitive, self-monitoring, agile and relatable, exhibiting human-like characteristics 9
10 Wearable technologies digitize the workforce The basics: Technology for augmented reality (AR) and virtual reality (VR) could become the next computing platform Use in production: A key value proposition for wearables is that they can offer value across multiple value dimensions Barriers to further adoption: 1) appropriateness of the technology 2) the timing of adoption 3) weighing the costs/benefits 4) approach used for implementation 10
11 3D printing shapes the future one layer at a time The basics: increasingly being adopted for industrial use, as it helps to deliver better products, and as value chains become ever more connected, simplified, automated and decentralized. Use in production: Is now transitioning from rapid prototyping to scaled production for select products and extending to other applications Barriers to further adoption: While trade in IP seems a logical progression, 3D scanning and copyright infringement are a significant threat to this type of trade. 11
12 Creating value from converging technologies 12
13 The promise of converging technologies New opportunities to create value Principles and systems approach Systems, not technologies Empowering, not determining By design, not by default Values as a feature, not a bug. 13
14 Value in the factory The hyper-efficient and flexible factory of the future 1) Digital shop floor processes that are connected, automated and flexible. 2) New relationships between operators and machines 3) The structure, location and scale of factories. 14
15 Trends AI & IoT have influenced major industries in how they operate Autonomous driving Healthcare Manufacturing e-commerce Retail Smart home 15
16 Enhancing efficiency with AI Transform idle and unused information into structured data to bring unprecedented level of efficiency Unstructured data including idle and unused information Valuable structured data PDF and documents Ex: reports, news, websites Sensors Ex: drone, autonomous driving, robots Company Outlook Address Nexus Frontier Tech Strong Yuraku-Cho, Chiyoda, Tokyo Date Images & Videos Ex: scanned images, documents, video footages CEO Akio Tanaka EBITDA $1,000,000 Business Risk Satisfactory Financial Risk Significant Rating Score Excellent 16
17 Conclusive Thoughts 17
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