Industry 5.0: Mass Personalization Driven by IoT and AI

whitePaper | July 8, 2022

Manufactured goods are placed into products in multiple verticals. For example, a battery will be placed into an electric car or a magnet into an MRI machine in a hospital. Manufacturing, therefore, covers all industrial internet of things’ verticals, from smart cities, to automated vehicles to healthcare and mining. Not to mention the factories themselves. The GIO Smart Manufacturing Working Group was established to bring these threads together and examine factories, deployments and modes of manufacturing, from batch-size-one to discrete manufacturing and continuous-process manufacturing. Our focus so far has been in the factory, which will be discussed throughout this paper

whitePaper | February 24, 2023

Business demands have forced manufacturers to be more agile. Smart manufacturers are adopting technology, specifically digital twins, to move faster. Using a digital twin in a manufacturing environment can fast-track discovering bottlenecks, drive efficiencies, lower costs, reduce environmental footprint, and help manage risk. However, there is mystery around digital twins, from defining what they are and their strengths to the critical importance of an ecosystem approach to address the diversity of digital twin scenarios. The goal of this paper is to demystify digital twins, so more manufacturers can apply the technology and bring agility to their operations.

whitePaper | October 11, 2022

The World Economic Forum, in collaboration with Accenture and EPRI, launched the “Transitioning Industrial Clusters towards Net Zero” global initiative at COP26 in Scotland, to accelerate the transition of industrial clusters globally towards net-zero emissions. This initiative promotes and enables industries to realize the benefits of co-location and take an integrated approach to transitioning towards net zero. Industrial clusters are where sector-specific decarbonization efforts and clean energy technology deployment efforts converge to enable a systemic approach towards industrial decarbonization

whitePaper | December 9, 2022

The manufacturing sector is no stranger to change. Over the course of three industrial revolutions, companies have relied on everything from water and steam to electricity and information technology to power their operations, provide services and make products. But the evolution taking place with Industry 4.0, which McKinsey & Company defines as “a new wave of technological changes that will trigger a paradigm shift in manufacturing,” may be the most significant change of all.

whitePaper | September 24, 2022

Manufacturers across industry segments face cut-throat global competition, increased product complexity, logistics challenges related to offshore production, shorter product life cycles, and new Industry 4.0 technology requirements throughout most aspects of their businesses.

whitePaper | February 21, 2022

Industry 4.0 presents a once in a lifetime opportunity to modernise and digitise the industrial arena, and that alone should be reason enough to delve further into its possibilities.