The Fourth Industrial Revolution will change production forever. Here’s how

A hallmark of the Fourth Industrial Revolution (4IR) is the convergence of the digital and physical worlds, which is in turn blurring traditional boundaries throughout the value chain.

Printed wheels of the nearly completely 3D printed e-motorcycle NERA, of the German 3D printer manufacturer BigRep, are pictured in Berlin, Germany, December 3, 2018. Picture taken December 3, 2018. REUTERS/Hannibal Hanschke - RC138FEC5C00

3D printing, for example, can help companies meet the growing consumer demand for product personalization. The fashion brand Ministry of Supply now uses scanning and 3D printing in its stores to create sweaters mapped to an individual’s thermal profile, in under 90 minutes.

Of course, this is just one example. The scope of the changes now underway are too vast to be recounted here. Rather, this article points to a specific business model innovation – 4IR Production Platforms – that can help players across the value chain adapt to and prosper in the Fourth Industrial Revolution using the power of digital technologies.

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