Technical advances also change the way humans produce things. The step into production technology, which was completely different from the past, is also called the industrial revolution. The new production technologies fundamentally changed the working conditions and lifestyles of people. What were the industrial revolutions and where do we find ourselves now? “From the First Industrial Revolution to Industry 4.0”
Reed Hasting, today the CEO of the company Netflix, had forgotten to return the film “Apollo 13”, which he rented from a video store, on time. After the expensive late fee of 40 USD, the basic idea for Netflix formed in his mind. The following story shows how someone can benefit from the changing times and even adversity for one’s own success and ultimately profit from digitalization as well.
The body of a modern passenger jet is an astonishingly complex piece of work. Advanced mixed materials including aluminium, titanium and carbon-fibre all combine seamlessly to produce an incredibly strong yet flexible structure.
The rise of automation and the adoption of Industry 4.0 ‘intelligent’ tools is helping us produce more bespoke solutions to customer requirements, particularly in high tech sectors like the automotive and aerospace industries. Ford’s apocryphal selling slogan that ‘you can have any color as long as it’s black’ has long been consigned to history. Now, even the most basic car brand offers a wide selection of colors and features which make every order unique. This level of customization raises new challenges around the role of humans in the production process, particularly around skills development and error reduction.