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Items filtered by date: September 2016 - CIMdata
Recently P&G’s Chief Financial Officer, Jon Moeller, was in the news indicating that P&G is again slashing billions of dollars in expenditures. The use of collaborative robots in manufacturing was mentioned as one example of how advanced technology is helping P&G reduce costs. P&G is not alone. Klaus Schwab, Founder and Executive Chairman, World Economic Forum in a recent report stated that “…there is clear evidence that the technologies that underpin the Fourth Industrial Revolution are having a major impact on businesses.” Technologies such as 3Dprinting (aka additive manufacturing), Internet of Things, Augmented Reality, artificial intelligence, and data analytics are redefining what is possible. Products and production systems are becoming smarter and more connected. At the same time, implementing these new technologies is pushing enterprises to think about implications such as: How does “new” technology fit with our existing skills and culture? How should our management practices and incentive models evolve to
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